RUSSIA: Lebedyansky lines up juice plant investment - report

By | 9 August 2007

Lebedyansky is looking to invest heavily in a juice production facility in Siberia, according to local reports.

Prime-TASS News reported yesterday (8 August) that the Russian juice company will plough US$50m into the new plant, which is expected to be operational in October 2009. Construction is set to begin later this year in the Novosibirsk region of the country, the news service said.

Earlier this year, Lebedyansky was pipped to the purchase of Ukrainian juice company Sandora by PepsiAmericas and PepsiCo, who bought the company for US$542m.

The company posted a 14% rise in net income for 2006, which came in at $85.4m, on the back of a 38% increase in sales to $710m.

Sectors: Soft drinks, Water

Companies: Lebedyansky, PepsiAmericas, PepsiCo

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