Torsten Baar, general director of the company’s Russian subsidiary Ritter Sport Schokolad, said the business has acquired a plot of land and is designing the factory, reported Prime-TASS News.
The project has an estimated cost of €70m (US$91.2m). The factory will have a capacity of 15,000 tonnes of chocolate per year, and is expected to be ready for production at the beginning of 2007.
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