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Tag "Ukraine"

Roshen Opens New Confectionery Factory

    Roshen Opens New Confectionery Factory

Ukrainian confectionery manufacturer Roshen has commenced production at a new Eur59 million factory at Vinnytsia. With a production capacity of 120,000 tonnes, the 62,000 sq m factory has been developed on 16.4 hectares of waste land in less than two years.
Roshen is planning to complete the construction of a second new confectionery factory, with a  […]

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Kraft Foods to Open Biscuit Factory in Ukraine

    Kraft Foods to Open Biscuit Factory in Ukraine

Kraft Foods is investing $36 million to build a biscuit factory in Ukraine. Based at Trostyanets, in central Ukraine, the new facility is due to commence operations in the fourth quarter of this year.
 
Kraft Foods already has two factories in Ukraine. Its plant at Trostyanets produces chocolate and coffee, while its facility at Stari Petrivtsi […]

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Astarta and Danone Form Joint Venture in Ukraine

Astarta, the biggest producer of sugar and industrial milk in Ukraine, has entered a joint venture for the production and processing of milk with Danone, the world leader in dairy products, waters and baby nutrition.
Astarta’s high level of vertical integration in industrial cattle farming, own forage supply, as well as accumulated experience of industrial livestock […]

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Major Expansion Planned by Russian Confectionery Manufacturer

    Major Expansion Planned by Russian Confectionery Manufacturer

As part of its expansion strategy to increase turnover to $100m by 2012, CJSC Landrin, one of the largest chocolate confectionery manufacturers in Russia, is to invest in the region of Eur20m in upgrading and expanding its production capacity.
The company will modernise its production facility in Saint Petersburg and install a new chocolate egg line […]

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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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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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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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Changing Consumer Preferences Undermine Profitability at Ukrainian Dairy Group

Ukrainian dairy business Ukrproduct Group has reported a 5.3% drop in year-on-year revenue to £20.7m for the first six months ended June 30th 2010, although the figure remained stable in local currency, and gross profit dropped 18% to £3.2m as price sensitive consumers moved down market. Gross profit from branded dairy products, which account for […]

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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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Roshen Investing €8m to Modernise Lithuanian Factory

    Roshen Investing €8m to Modernise Lithuanian Factory

Roshen Confectionery Corporation will invest Eur3.2m towards the end of 2010 in new production lines as the first phase of a Eur8m modernisation programme at its caramel factory in Lithuania. When the programme is complete production will increase to 1,290 tons per month. Products from the modernised factory will be sold on EU markets from […]

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First Half Sales Surge at Roshen Confectionery

    First Half Sales Surge at Roshen Confectionery

Roshen Confectionery Corporation has reported a 35% increase in sales to US$425m in the first half of 2010. Total confectionary output by the Ukrainian confectionery manufacturer was 184,000 tons, which is 12% rise compared to the first half of 2009. Exports amounted to 37,000 tons during the first half of this year.
Roshen operates four factories […]

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EBRD Supports Atlantic Grupa’s Expansion

The European Bank for Reconstruction and Development (EBRD) is supporting regional corporate consolidation in south-eastern Europe and the development of strong local food and beverages brands with a Eur57.5m financing package for Atlantic Grupa, Croatia’s biggest food and healthcare company, to fund its expansion through the acquisition of Droga Kolinska, the largest branded food company […]

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Two Coca-Cola Hellenic Businesses in World’s Top 3 Sustainable Development Groups

    Two Coca-Cola Hellenic Businesses in World’s Top 3 Sustainable Development Groups

Coca-Cola Hellenic operations in Ukraine and Serbia are members of business groups which have been named as being among the top three performers in the world under the United Nations Global Compact (UNGC) local network programme.
The UNGC is a strategic policy initiative for businesses which are committed to aligning their operations and strategies in respect […]

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Ukrainian Dairy Group Resumes Cheese Production

Ukrainian branded dairy company Ukrproduct Group has resumed hard cheese production at its Starokonstantinovskiy plant and will restart selling in the second half of 2010. Production was suspended last summer due to price cutting and flooding of the market by local producers during the first half of 2009. However, hard cheese prices have risen in […]

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Danone and Unimilk to Create Leading Dairy Business in Russia and the CIS

Global food giant Danone is to merge its fresh dairy products business in the CIS area with Unimilk, Russia’s second largest manufacturer of dairy products and baby food. Established in 2002, Unimilk operates 28 production plants in Russia, Ukraine and Belarus and has 14,000 employees. Unimilk’s sales in 2009 amounted to Eur1b (up 7% on […]

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