FDBusiness.com

Nestle Streamlines Russian Confectionery Business

 Breaking News

Nestle Streamlines Russian Confectionery Business

Nestle Streamlines Russian Confectionery Business
January 04
15:41 2011
Spread the love

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 such as Kit Kat, Rossiya-Schedraya Dusha and Nestle.

Over the past 15 years, Nestle has built up a strong presence in Russia and currently operates 13 production facilities, ten sales offices and employs around 10,000 people. With double-digit growth rates and sales of around SFr2b in 2009 in Russia, Nestle is market leader in coffee, chocolate, infant cereals and culinary products.

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements