Ukrainian confectioner Roshen saw sales rise 32% in 2010

Ukrainian confectioner Roshen saw sales rise 32% in 2010

Ukrainian confectioner Roshen saw sales rise 32% in 2010, breaking through the US$1bn barrier.

Production in 2010 increased 12.7% to 410,000 tonnes, the firm said today (20 January).

The chocolate maker owns four factories in Ukraine and one in Lithuania. Last year, it revealed its Russian expansion plans. The construction of a production and distribution facility in the Russian region of Lipetsk is under way this year and is expected to be completed in 2016.

Roshen, which sells chocolate, candy and cookies across Ukraine, Russia and the other CIS countries, derives its name from the last name of its owner, Petro Poroshenko, former Ukrainian minister of foreign affairs.

Roshen's Ukrainian competitor, Konti, also saw sales rise last year. The company booked UAH4.2bn (US$529m) in sales, an increase of 27% on 2009.