Spanish lollipop giant Chupa Chups and Turkish chewing gum producer Kent Gida have revealed that they will start to build a joint venture, Chupa Chups Kent, in St Petersburg next month.

The new plant, for which the two companies have earmarked US$25m, is to produce mostly soft and hard caramel and chewing gum for the Russian and CIS market.

Chupa Chups Kent says that it expects to produce 10,000 tonnes of product in its first year of operation. This output will be increased to between 30,000-35,000 tonnes a year after it has been in operation for between a year to eighteen months.

The majority of the necessary raw materials will be sourced in Russia.

The companies said that construction have not already started because they were awaiting building permission, however this is expected to be received by the end of January.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.