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Igor Khudokormov

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Igor Khudokormov
BornIgor Vyacheslavovich Khudokormov
May 1, 1968
Penza Russia
🏳️ NationalityRussian
💼 Occupation
founder of Prodimex Group
👶 Children2
🥚 TwitterTwitter=
label65 = 👍 Facebook

Igor Khudokormov is a Penza native, who graduated from Leningrad railway university in 1991. Since 1992 he is a main shareholder of the Prodimex Group. [1][2]

Career[edit]

Having achieved success in sugar wholesale trade, Khudokormov arranged a shipment of raw sugar to Ukraine for its further processing into white sugar and export to Russia. Cargill became the first supplier of raw sugar for Prodimex (a distributor for the multinational commodity traders), while Prodimex became the first CIS buyer of raw sugar from Cargill.

At that time loan rates were high and any delay in the long chain from delivery of the vessel to unloading at the port to processing to shipment from Ukraine and further sales in Russia could make the whole project unprofitable and lead the company to insolvency. But eventually, the whole process was completed more rapidly than originally expected, the Russian market was favorable as well, and the banks considered the company trustworthy. In 1997, with a volume more than 450,000 tons, Prodimex became one of the largest sugar importer in Russia comparing even with larger international holdings.

At the end of 1997 a prohibitive duty was imposed on sugar imports from Ukraine, and Prodimex decided to relocate[3] processing to Russian factories. Prodimex first processing partners, Uspensky and Izobilnensky sugar plants in the Krasnodar and Stavropol regions proved reliable. After initial successful partnership these plants became part of Prodimex Group. Following them, Khudokormov acquired Olkhovatsky and Pereleshinsky plants in Voronezh region and Zemetchinsky in Penza region at auction. From 1998 to 2005, the number of factories owned by the company reached 23, and the volume of annual raw sugar imports exceeded 1 million tons. Expanding his local business Khudokormov made steps to lobbying protective measures against import in order to switch to domestic raw materials. Meanwhile the company joined the agricultural sector by leasing farmland in Voronezh and Belgorod regions. Between 2000 and 2005 Prodimex formed a land bank in the proximity of 4 sugar plants selected for further expansion of modernization.

The modernization itself started in 2005 and in the first five years the capacity of 4 plants tripled. In 2011, the company launched Russia's first molasses desugarization plant, which extracted additional sugar from molasses. The modernization is on the way until now and the company allocates more than 50% of its profits for these purposes. By 2022, all sugar factories were equipped with automatic production control systems, workshops for drying and granulating beet pulp, drying and shipping defecation that msde the production practically waste-free.[4][5]

Prodimex also invested in agriculture and within 20 years the company has formed an arable land asset of more than 900 thousand hectares and became the second largest land owner in Russia according to Forbes[6]

The company has created its own GIS system based on satellite and drone photography which allows agronomists to identify and respond to problems in a timely manner. Research institutes working within the Prodimex Group are monitoring and studying advanced agricultural technologies, as well as testing unmanned machinery, including heavy specialized equipment. Since 2016, Prodimex has been deploying sustainability principles in its business processes. These were important steps in the Group’s efforts to reduce negative impact and to ensure a healthy environment, as well as to provide sustainable support of the local communities.

See also[edit]

https://www.bloomberg.com/profile/person/15096959

https://ko.ru/biography/khudokormov-igor/?ysclid=lqqb7066x2448825370

References[edit]

  1. "Игорь Худокормов".
  2. "Игорь Худокормов: бизнес, благотворительность". 23 September 2021.
  3. "Агрокультура" обменяет украинские земли https://www.kommersant.ru/doc/2744047
  4. Гид потребителя: Как выбрать по-настоящему качественный сахар https://www.kp.ru/daily/27485/4742610/?show.direction=future
  5. "Как производство сахара остается стабильным в новой реальности". РБК Тренды (in русский). Retrieved 2023-10-06.
  6. 20 крупнейших землевладельцев России — 2022. Рейтинг Forbes https://www.forbes.ru/biznes/460727-20-krupnejsih-zemlevladel-cev-rossii-2022-rejting-forbes?ysclid=lluvu41t70723472752


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