History

1994

• The company is founded.

1995

• The first terminal is opened in Saint Petersburg.
• The first long term contracts with the largest European suppliers are signed.

1996

• JFC (Joint Fruit Company) brand is created.

1997

• The company is listed in the top ten Russian fruit importers.
• Deliveries from South America and Africa are set up.

1998

• A terminal is opened in Samara.

1999

• The private label Bonanza is created. JFC obtains exclusive rights to distribute a whole range of fruits from worldwide known fruit brands.
• Work begins on our own banana program (full cycle production, sea logistics and distribution). Bananas become the main product.
• Terminals are opened in Moscow and Ekaterinburg.

2000

• Turnover reaches 100 million US dollars.
• The 1C real time accounting and budgeting system is implemented.

2001

• JFC Group becomes the largest  supplier of bananas to Russian market.
• Krasnodar terminal is opened.

2002

• Turnover reaches 300 million US Dollars.
• The company buys its first ice class refrigerated cargo ship.
• The best banana terminal in Europe is opened in Saint Petersburg.
• Chelyabinsk terminal is opened.

2003

• An advanced management system (SAP R/3) is successfully introduced.
• First bond issue worth 700 million roubles is launched.
• JFC Group is named Company of the Year by the magazine Kompanya in the category «Trade and Distribution».

2004

• Novosibirsk terminal is opened.
• The second bond issue is launched worth 1.2 billion roubles.
• A specialised affiliated company is established to carry out retail distribution.
• JFC Group enters the top 200 Russian private companies according to Forbes and Expert magazines.

2005

• Reorganisation of the Group is completed in Russia.
• First plantations are purchased in Ecuador.
• 5 new ice class cargo ships are purchased for transporting fruit.
• Terminals are opened in Kazan and Nizhny Novgorod.
• First CLN are issued worth of 60 million US dollars.
• Start of delivery to foreign countries.
• B-credit rating given (Standard&Poor’s).

2006

• Long term contracts signed with leading retail chains across the whole territory of Russia.
• The third bond issue of 2 billion roubles.
• Plantations in Ecuador are expanded to 2000 hectares.

2007

• Turnover reaches 500 million US dollars.
• First banana plantations in Costa-Rica are purchased; JFC presence in Ecuador is also increased.
• 150 million US dollars international syndicated loan is attracted.
• First Russian fruit brand Bonanza! is relaunched with a national advertising campaign.
• Bonanza! bananas enter Forbes top 50 bestselling products according to retail sales in Russia.
• A new distribution channel is created through selling fruit from vending machines.
• Formation of JFC Group's international holding structure is completed.