Russian juice and dairy producer Wimm-Bill-Dann Foods has unveiled plans to invest US$59.5m in the domestic dairy sector between now and 2005.


By 2005, the company expects to be producing around 3,000 tonnes of milk every day, up from the current daily output of just over 2,000 tonnes, confirmed chairman Sergei Plastinin earlier this week.


Wimm-Bill-Dann will ensure it meets its targets by extending the production facilities it uses beyond Moscow to include Anninskoye Moloko in Voronezh, Moloko Veydelevki in Belgorod and the Nizhny Novgorod Dairy Combine. The company also plans to organise deliveries of powdered milk from these regions, he said. The project will cost some $29.5m.


A further $30m will be invested in the Moscow, Vologda, Kostroma, Ryazan and other nearby regions, reported Interfax.
 

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.