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Tag "Russia"

Irish pig meat exporters may finally have access again to Russian market

Much to the joy of Irish pig producers  the World Trade Organization (WTO)  has  declared the Russian import ban on live pigs, fresh pork and other pig products illegal.
Russia imposed the ban on EU pig products more than two years ago in early 2014 following a limited number of African Swine Fever (ASF) cases in […]

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Russia’s Accession to WTO Welcomed by European Food Manufacturers

    Russia’s Accession to WTO Welcomed by European Food Manufacturers

Following eighteen years of complex negotiations, Russia has become a member of the World Trade Organisation (WTO). This long-awaited moment marks the entry of the last remaining large non-WTO economy into the international rules-based trade system.
Russia has traditionally been an important export destination for EU food and drink products and remains the European Union’s second […]

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Destocking in Russia Impacts on Carlsberg’s Profits

    Destocking in Russia Impacts on Carlsberg’s Profits

Carlsberg Group has reported a 2.8% rise in revenue to DKr12.9 billon (Eur1.7 billion) but operating profit declined by 43% to DKr574 million for its first quarter as volumes falls in Russia, due to destocking, offset solid growth in Northern & Western Europe and in Asia.
Northern & Western Europe and Asia achieved operating profit growth in spite […]

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Russian Wine Company is Floated

    Russian Wine Company is Floated

Abrau Durso, the largest sparking wine producer in Russia, has been floated on the Russian stock exchange. The IPO is expected to raise $15 million for a 15% stake by the end of April.
The proceeds will be used to develop tourism in the Krasnodar region of Russia, where Abrau Durso is based. Abrau Durso also […]

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Carlsberg to Delist Baltika

    Carlsberg to Delist Baltika

Baltika Breweries has filed an application to have its shares delisted from the Russian stock exchange as soon as possible. The delisting reflects Carlsberg Group’s aim to increase its ownership in the Russian brewer from around 85% to 100%. The move is costing up to DKr6.5 billion with a net cost for the Carlsberg Group […]

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Carlsberg to Acquire Full Control of Baltika

    Carlsberg to Acquire Full Control of Baltika

Carlsberg Group intends acquiring the remaining 15% stake in its Russian subsidiary, Baltika Breweries, for up to DKr6.5 billion (Eur870 million). The move will involve a delisting of Baltika.
The net cost to Carlsberg for increasing its ownership from around 85% to 100% in 2012 and beyond will be a maximum of DKr4.4 billion due to […]

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$400 Million Investment in Russian Grains and Dairy Farming

    $400 Million Investment in Russian Grains and Dairy Farming

Olam International, a leading global, integrated supply chain manager and processor of agricultural products and food ingredients, has formed a partnership with the Russian Dairy Company (RUSMOLCO) for the large scale development of dairy and grains farming in thePenza region of Russia.
The first step under this partnership is the investment of up to $75 million […]

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Bonduelle Closes in on Russian Acquisition

    Bonduelle Closes in on Russian Acquisition

Bonduelle Group, the world leader in processed vegetables, has concluded negotiations regarding the acquisition of the agro-industrial and commercial assets of French co-operative CECAB in Russia and in the countries of the Confederation of Independent States (CIS). The acquisition, which was announced last October, should take effect in the first quarter of 2012 for the […]

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Arla Foods Moves into Cheese Production in Russia

    Arla Foods Moves into Cheese Production in Russia

Arla Foods has taken another significant strategic step into Russia by agreeing a joint venture for the production of yellow cheese with Molvest Group, the country’s third largest dairy company. The agreement is in keeping with Arla Foods’ ambitions to become one of Russia’s leading dairy companies within yellow cheese.
Following several years of growing exports […]

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World Grain Production Down But Recovering

    World Grain Production Down But Recovering

World grain production fell, exacerbating a global food situation already plagued by rising prices, according to new research published by the Worldwatch Institute. Despite record rice and maize yields around the world, global wheat production dropped substantially enough to bring total grain output to just below 2008 levels.
 
Maize, wheat, and rice provide nearly two-thirds of […]

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Kraft Foods to Invest $100 Million to Expand in Russia

    Kraft Foods to Invest $100 Million to Expand in Russia

Kraft Foods plans to invest $100 million to more than double the capacity of its coffee production plant at Gorelovo in the Leningrad region of Russia. Kraft Foods, which owns the Jacobs and Maxwell House brands, is the second biggest player in the expanding Russian coffee market with a share of 19%, behind Nestle with […]

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Nestle Expands Russian Coffee Factory

    Nestle Expands Russian Coffee Factory

Nestle has completed a SFr240 million (Eur195 million) expansion of its soluble coffee factory in Timashevsk, Russia. Located in the Krasnodar region, the site is Nestle’s largest soluble coffee factory in Europe. It is also the company’s biggest investment project in Russia so far.
 
The factory uses advanced freeze-dry technology to make Nescafe coffee products for […]

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Unilever Strengthens Russian Presence

    Unilever Strengthens Russian Presence

Unilever is expanding its presence in Russia and enhancing its personal care portfolio with the acquisition of 82% of Concern Kalina, the leading Russian beauty company. The transaction, which is pending required regulatory approvals, values the equity of the total business at RUB21.5 billion (€500 million). Concern Kalina is Russia’s largest local personal care player […]

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Coca-Cola System to Invest $3 Billion in Russia

    Coca-Cola System to Invest $3 Billion in Russia

The Coca-Cola Company and its bottling partner, Coca-Cola Hellenic, have announced a new Russian investment programme of $3 billion over the next five years, commencing 2012. The announcement was made at the official opening of Coca-Cola Hellenic’s newest plant in Europe, located in the Rostovregion of Russia. Indeed,Russia is the largest marketplace in Coca-Cola Hellenic’s […]

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Nestle Invests SFr38 Million in Russian Pet Food Factory

    Nestle Invests SFr38 Million in Russian Pet Food Factory

Nestle will invest more than SFr38 million (Eur33m) to double pet food production at its Purina PetCare factory in Russia’s Kaluga region. The investment in the new manufacturing building at the factory – located in the village of Vorsino – follows the installation of a new production line earlier this year.
 
Creating around 60 new jobs, […]

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Declining Russian Beer Market Undermines Carlsberg’s Profits

    Declining Russian Beer Market Undermines Carlsberg’s Profits

The continuing decline in beer consumption in Russia, Carlsberg’s largest market, has impacted the Danish brewer’s financial performance in the first half ended June 30th 2011 and forced a review of its full year projections. Although Carlsberg achieved beer volume growth  of 5% and increased net revenue by 8% to DKr31.3b (Eur4.2b) during the period, […]

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Strong First Half Sales Growth at Danone

    Strong First Half Sales Growth at Danone

Reflecting solid performances across all its business categories and geographical regions, Danone increased consolidated sales by16.3% to Eur9.73b in the first half of 2011 and trading operating income by 6.9% on a like-for-like basis to Eur1.39b. Danone has confirmed its full year targets for 2011.
 
Excluding the impact of changes in exchange rates and the integration […]

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Cherkizovo Group Starts Meat Processing in Kalingrad Region

    Cherkizovo Group Starts Meat Processing in Kalingrad Region

Cherkizovo Group, one of Russia’s leading integrated and diversified meat producers, has commenced operations at the meat processing plant in the Kaliningrad region, which it acquired in 2010. The first production line is for smoked sausage and has a production capacity of 10 tonnes per day or 300 tonnes per month.
The plant was acquired in […]

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Heineken Starts Amstel Brewing in Russia

    Heineken Starts Amstel Brewing in Russia

Heineken has commenced the brewing of its Amstel brand at its St Petersburg brewery in Russia. Heineken is reported to be aiming to capture a 1% share of the Russian beer market for Amstel by the end of the year as consumer demand for premium beer brands, such as Heineken and Zlaty Bazant, recovers.
During the […]

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Cargill Expands in Russia

    Cargill Expands in Russia

Cargill, the global food, agricultural, financial and industrial products and services group, has further expanded its presence in Russia by opening a new animal feed facility in Efremov. The facility has the capacity to produce 50,000 tonnes of swine and poultry feed products and will operate under the LNB brand in Russia.
The new facility forms part […]

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PepsiCo Europe Gets Greener

    PepsiCo Europe Gets Greener

PepsiCo’s Frito-Lay manufacturing facility in Azov, Russia, has been officially awarded LEED Silver by the US Green Building Council (USGBC). The manufacturing facility is the first site in PepsiCo’s European network to receive the prestigious LEED certification for New Construction/Major Renovation, bringing the total number of LEED certified PepsiCo facilities around the world to 27.
LEED […]

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Moscow Brewing Company to Produce Kirin Beer

    Moscow Brewing Company to Produce Kirin Beer

Moscow Brewing Company has signed a 20-year deal with Kirin Holdings of Japan for the licensed production of Kirin Ichiban beer in Russia. The brand will be produced at the Moscow Brewing Company’s state-of-the-art brewery in Moscow.
Founded in early 2008, Moscow Brewing Company is one of Russia’s leading producers and importers of beer and beverages. […]

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EBRD Acquires Stake in Russian Cake Manufacturer

  EBRD Acquires Stake in Russian Cake Manufacturer

The European Bank for Reconstruction and Development has invested Eur10m to acquire a minority stake in Hlebprom, a leading Russian cake and biscuit producer which has developed its own national distribution system. The funding will mainly be used to upgrade the privately-owned company’s existing plants so as to increase efficiency and productivity.
The acquisition by the […]

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SABMiller’s Lager Volumes Down in Europe

  SABMiller’s Lager Volumes Down in Europe

Global brewer SABMiller has reported that its lager volume in Europe declined by 3% in the 12 months to March 31st 2010, reflecting a particularly challenging first half impacted by generally weak economic conditions. Fourth quarter volumes were up 2% benefiting from a weak comparative period due to prior year excise increases in Russia and […]

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Rusagro Seeks London Listing

  Rusagro Seeks London Listing

Moscow-based Rusagro, the Russian sugar, pork and agribusiness group, is seeking to raise $30m through an initial public offering of about 17% of its equity on the London Stock Exchange. The IPO will value Rusagro, which controls about a sixth of Russia’s sugar production and owns the country’s fifth largest pig farm, at up to […]

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Restructuring at Atria

Finnish meat processor Atria is launching an efficiency improvement programme to achieve annual savings of approximately Eur4m at it production plant at Nurmo in Finland. The group has also appointed Juha Grohn as its new president and chief executive with immediate effect.
Juha Grohn was previously managing director of Atria Scandinavia and deputy group chief executive. […]

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Agrana to Invest €27.6m to Expand Russian Fruit Preparation Plant

  Agrana to Invest €27.6m to Expand Russian Fruit Preparation Plant

Austrian group Agrana is to invest Eur27.6m to expand its Russian fruit preparation plant at Serpuchov over the next five years. Agrana is one of the leading producers of fruit juice concentrates in Europe, and the top global manufacturer of fruit preparations for the dairy industry.
The expansion programme will boost the factory’s production capacity by […]

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Orkla Brands Merges Russian Confectionery Companies

  Orkla Brands Merges Russian Confectionery Companies

Norway-based Orkla Brands has decided to merge its Russian chocolate and confectionery companies – Krupskaya and SladCo – into one entity named Orkla Brands Russia. The integration process has already started. Headquartered in St Petersburg, Orkla Brands Russia will have about 3,350 employees and a turnover of approx. RUB6.8b (Eur170m).
Vadim Ter-Israelyan has been appointed chief […]

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Challenging Year For Carlsberg

  Challenging Year For Carlsberg

Reflecting a highly challenging year in Russia, its largest market, Carlsberg increased net revenue by 1% to DKr60.05b (Eur8.0b) and operating profit by 9% to DKr10.25b in 2010. However, revenue fell 3% organically during the year with volume down 2% and a 1% decline in price/mix. Favourable currency factors were responsible for 8% of the […]

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Leadership Change at Wimm-Bill-Dann Foods

  Leadership Change at Wimm-Bill-Dann Foods

Tony Maher, chief executive of Wimm-Bill-Dann Foods, will leave the Russian dairy and food group on May 1st 2011. His decision to step down as chief executive follows the successful conclusion of the landmark sale of Wimm-Bill-Dann Foods to PepsiCo. An announcement on Tony Maher’s successor will be made in the coming weeks.
“The last five […]

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Strong 2010 Performance by Danone Gives Confidence for 2011

  Strong 2010 Performance by Danone Gives Confidence for 2011

With all of its divisions and regions posting gains, global food and beverages group Danone achieved a 14.2% rise in underlying net income to Eur1.67b on sales ahead by 13.5% to Eur17.01b for 2010. Excluding the impact of changes in exchange rates (+6.0%) and acquisitions, total sales were up 6.9%. This organic growth reflects a […]

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Surge in Sales at PepsiCo

  Surge in Sales at PepsiCo

Driven by gains across its worldwide snacks and beverage businesses, and from the acquisitions of its anchor bottlers earlier in the year, PepsiCo has reported a 34% surge in net revenue to $57.84b for 2010 with net income up 6% to $6.34b and ahead by 15% on a constant currency basis.
The successful integration of its […]

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PepsiCo Gains Russian Approval For Wimm-Bill-Dann Acquisition

  PepsiCo Gains Russian Approval For Wimm-Bill-Dann Acquisition

PepsiCo has received Russian regulatory clearance for its acquisition of 66% of Wimm-Bill-Dann Foods, Russia’s leading branded food and beverage company, for $3.8b. The US-based soft drinks and snack foods giant now plans to close the acquisition on or about February 8th, 2011. After closing the acquisition agreement, PepsiCo will own approximately 77% of the […]

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Roshen’s Sales Jump by Almost a Third

  Roshen’s Sales Jump by Almost a Third

Sales at Roshen Confectionery, the Ukrainian confectionery manufacturer, surged by 32% to exceed $1b during 2010. Production volumes rose by 12.7% to about 410,000 tons.
During last year, Roshen commenced construction of a new confectionary plant at Vinnitsa in Ukraine. The first phase of building has now been completed. When completed the site will become the […]

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Carlsberg Increases Stake in Belarus Brewery

  Carlsberg Increases Stake in Belarus Brewery

Baltic Beverages Holding, Carlsberg Group’s brewing business in Russia, Ukraine and the Baltic countries, has, through a series of transactions, increased its ownership in Belarus-based OJSC Olivaria Brewery to 67.8%. Earlier in the summer of 2010, BBH increased its holdings in Olivaria from 30% to 47%.
Olivaria is now a full member of the Carlsberg Group […]

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Wimm-Bill-Dann Foods Continues Eastward Expansion

  Wimm-Bill-Dann Foods Continues Eastward Expansion

Wimm-Bill-Dann Foods, the largest manufacturer of dairy products and a leading producer of juices and beverages in Russia, is continuing its eastward expansion with the acquisition of Kungur Dairy Plant in Perm region for an undisclosed sum. The plant is the region’s leading dairy producer and is recognised as one of Russia’s most technologically advanced […]

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Nestle Streamlines Russian Confectionery Business

  Nestle Streamlines Russian Confectionery Business

Nestle is reported to have sold its Altai Confectionery business in Russia to local private company Corminus Enterprises for an undisclosed sum. The Altai plant produced about 17,000 tonnes of confectionery products, including brands Altai and Savinov, in 2009.
The disposal will allow Nestle in Russia to focus resources on its well established core confectionery brands […]

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PepsiCo to Acquire 66% of Wimm-Bill-Dann For $3.8 Billion

  PepsiCo to Acquire 66% of Wimm-Bill-Dann For $3.8 Billion

PepsiCo is acquiring a 66% stake in Wimm-Bill-Dann Foods, Russia’s leading branded food and beverages company, for $3.8b, pending the required government approvals. Wimm-Bill-Dann is a leader in both traditional and value-added dairy products, with a solid position in juice.
The transaction will establish PepsiCo as the largest food-and-beverage business in Russia, make it a leader […]

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Danone and Unimilk Finalise Merger

  Danone and Unimilk Finalise Merger

Danone and Unimilk have completed the merger of their fresh dairy products businesses in Russia and other CIS member countries. The new entity, controlled by Danone with a 58% equity interest and in which former shareholders of Unimilk own 42%, is the new leader for dairy products in the CIS area. Russia is now Danone’s […]

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Milkiland Moves Closer to Public Listing to Fund Expansion

  Milkiland Moves Closer to Public Listing to Fund Expansion

Dairy company Milkiland, which operates in the Ukraine and Russia but is registered in the Netherlands, has commenced its public offering of over 22% of its shares as it prepared to list on the Warsaw Stock Exchange. “We expect that our integrated business model, our strong position in the Commonwealth of Independent States, one of […]

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Warsaw IPO For Milkiland

  Warsaw IPO For Milkiland

Dairy company Milkiland, which operates in the Ukraine and Russia but is registered in the Netherlands, is seeking to raise about $100m via an initial public offering of 20-25% of its equity on the Warsaw Stock Exchange. The funds are expected to be used for acquisitions.
Established to develop dairy processing businesses in Eastern Europe, Milkiland […]

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PepsiCo Continues to Invest Heavily in Emerging Markets

  PepsiCo Continues to Invest Heavily in Emerging Markets

Having recently unveiled plans to invest $140m to build its tenth plant in Russia as part of a $1b investment programme in the country, PepsiCo has announced that it will construct a $73m beverage facility in Vietnam. The move marks the first phase of a $250m investment programme in Vietnam. The new plant in the […]

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Danone Completes Russian Dairy Deal

  Danone Completes Russian Dairy Deal

Danone has finalised the sale of its 18.4% stake in Wimm Bill Dann Foods, the Russian dairy and food group for $470m. Danone has held the stake since Wimm Bill Dann Foods’ IPO in 2002.
The closing of the transaction was subject to the grant of the required regulatory approvals for the merger of Danone’s fresh […]

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PepsiCo Plans to Invest $140 Million in New Beverage Plant in Russia

  PepsiCo Plans to Invest $140 Million in New Beverage Plant in Russia

Global soft drinks and snacks giant PepsiCo plans to invest $140m to build its tenth plant in Russia. The new plant will be constructed in the city of Azov, where the company recently completed a snacks plant.
Indra Nooyi, chairman and chief executive of PepsiCo.
Both plants in Azov are part of PepsiCo’s $1b investment programme in […]

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Roshen Plans New $250 Million Russian Factory

  Roshen Plans New $250 Million Russian Factory

Roshen, the Ukrainian confectionery manufacturer, plans to invest $250m in building a new production complex near by Cosyrevka town in the Lipetsk region of Russia. It will be Roshen’s third factory in Russia.
Construction of the 230,000 sq m complex, which will incorporate a factory and depot, will start in 2011 and will be finished in […]

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Campari Acquires Liqueur Brands From William Grant For €128 Million

  Campari Acquires Liqueur Brands From William Grant For €128 Million

Italian drinks producer Gruppo Campari is acquiring the Carolans, Frangelico and Irish Mist brands from William Grant & Sons, the Scotch whisky distiller. The acquisition reinforces Campari’s position as a fast growing company in the US and key international premium spirits markets.
The enterprise value of the acquired business is Eur128.2m, corresponding to 7.5 times the […]

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Nestle Continues Expansion in Central and Eastern Europe With New Service Centre in Ukraine

  Nestle Continues Expansion in Central and Eastern Europe With New Service Centre in Ukraine

Nestle is creating a new service centre in Ukraine to facilitate its continued expansion in the emerging markets of Central and Eastern Europe.
The world’s biggest food group will invest SFr25m (Eur19m ) over three years to establish the Shared Service Centre in the Ukrainian city of L’viv. The new facility will support more than 20 […]

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Emerging Markets Drive Heinz

  Emerging Markets Drive Heinz

Emerging markets such as China, India, Indonesia, Latin America and Russia are expected to deliver at least 20% of Heinz’s total sales by 2013, more than double their contribution of just five years ago, according to William Johnson, chief executive of the US-based global food group.
“Emerging markets are key to unlocking future growth because their […]

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Interim Profit Surges at Arla Foods But a Challenging Autumn Ahead

  Interim Profit Surges at Arla Foods But a Challenging Autumn Ahead

Increased prices in the global market, rising foreign exchange rates as well as strict control of costs have allowed Scandinavian dairy group Arla Foods to post a hugely increased profit of DKr697m (Eur93m) on a turnover of DKr23.8b for the first half of 2010, while still increasing the ongoing payment to its co-operative owners. This […]

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First Half Improvement at Wimm-Bill-Dann Foods

Russian dairy, food and beverages group Wimm-Bill-Dann Foods increased net income by 7.1% year-on-year to US$69.5m on revenue up 17.1% to US$1.26b for the first six months ended June 30th 2010. EBITDA rose marginally to US$159.7m from US$158.3m in the same period of 2009.
The revenue increase was driven by volume growth in the group’s dairy, […]

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Nestle Opens Premium Chocolate Production Lines in Russia

  Nestle Opens Premium Chocolate Production Lines in Russia

To consolidate its operations in the Russian and Eurasia region, Nestle has opened two premium chocolate production lines. Creating 149 new jobs, the two production lines, which were transferred from the Tuchkovo factory in the Ruzsky district, Moscow, to the Confectionery Union Rossiya facility in Samara region, will produce Comilfo, the premium chocolate brand.
The transfer […]

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Stronger Second Half Performance Drives Growth at Diageo

  Stronger Second Half Performance Drives Growth at Diageo

A stronger second half performance has helped global alcoholic drinks giant Diageo to increase reported operating profit by 6.5% to £2.574b, aied by exchange rate movement, for the year ended June 30th 2010 as gains in developing international markets offset declines in the mature markets of North America and Europe. On a reported basis, net […]

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Efes Breweries Shows Improvement in Russia

  Efes Breweries Shows Improvement in Russia

Despite the continued adverse economic climate and the significant excise tax increase in Russia, one of its key markets, Efes Breweries International, which operates in the Commonwealth of Independent States (CIS), Eastern Europe and the Balkans, has reported higher volumes, revenues and EBITDA in the first half to June 30th 2010, marked by a major […]

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Synergy Widens International Reach

  Synergy Widens International Reach

Synergy, one of the leading distilled spirits producers in Russia, has signed distribution agreements for exports of Beluga vodka to Iraq, Vietnam and India, the growing vodka markets in Middle East and Asia and strengthen brand visibility in the European Duty Free by signing a distribution agreement with one of the world’s leading duty free […]

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