RUSSIA: Nestlé will not withdraw production from Konditer plant
Swiss food behemoth Nestlé has responded to media speculation with a statement that it has no intention of ceasing its production operations at the Konditer confectioner in Samara, Russia. The Swiss firm purchased the major shareholding in 1996 in a move to increase the company's interest in the Russian market but aroused interest when it announced that the Konditer plant would not witness expansion.Nestlé entered into production in Russian in 1995 and turnover in 1999 amounted to 8bn roubles. Over US$150m has been invested in production and distribution in the country, and Nestlé has purchased the controlling shares of five companies: Rossiya, Nestlé Zhukovskoye Ice Cream, Altai, Kamskaya and Khladoprodukt.Nestlé officials in Moscow have revealed that while two caramel and cookie lines are to be relocated at the company's other production plant in Kamskaya, the Konditer confectioner will continue production as normal.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- Analysis: Chocolate sector's deforestation pledge
- US food next wave on display at Winter Fancy Food
- Kraft Heinz cuts jobs in US, Canada
- Unilever invests in Dutch meat substitute project
- Lactalis fails to hit threshold to delist Parmalat
- Fonterra cuts earnings forecast
- Brazil seeks to cool concerns over meat probe