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 at a total cost of about Eur9-10m. The investment programme will increase chocolate egg production by 40% to 50m units per annum.
CJSC Landrin also plans to construct a confectionery factory in Ukraine capable of manufacturing 50m eggs a year. This project will be phased over three years.
Igor Markitantov, head of CJSC Landrin, expects the company to increase turnover to about $80m this year and to over $100m in the future.
