One of Russia’s largest canned fish producers files for bankruptcy
Saint Petersburg, Russia-based canned fish maker ROK has unexpectedly put its 2,000 workers on forced leave until 2023, shut down all of its operations, and filed for bankruptcy.
ROK is an acronym for Ryboobrabatyvayustchiy kombinat (The Fish Processing Plant). Founded in 1974, it became a private company in the 1990s and was a significant producer of fish snacks, canned fish, and preserves under the brands ROK, Amore, Svoya Rybka, and Morskaya Planeta – all sold through major Russian retail chains. The company had an annual output close to 60,000 metric tons (MT), and had the largest share of the country’s canned fish market.
In 2021, the company posted revenue of RUB 10.5 billion (USD 168.2 million, EUR 160.2 million), with a net profit of RUB 74.4 million (USD 1.2 million, EUR 1.14 million), down nearly 25 percent decline from 2020. The current majority owner is ...
Photo courtesy of ROK