RUSSIA: Wimm-Bill-Dann invests US$60m in Russian dairy sector
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 organize deliveries of powdered milk from these regions, he said. The projet will cost some $29.5m.
A further $30m will be invested in the Moscow, Vologda, Kostroma, Ryazan and other nearby regions, reported Interfax.
- Have spirits companies forgotten the mainstream?
- Does alcohol accelerate the onset of dementia?
- Pernod's mood darkens over India - Analysis
- Why Scotch must drop the 'malts good, blends bad'
- Ashwagandha - The next functional drinks trend?
- Moet Hennessy unaffected by LVMH Dior buy
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Distell acquires majority stake in Cruz Vodka
- Portman Group heads to Tesco for new chief exec
- William Grant names Europe & NA Travel Retail head
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Global vodka insights - market forecasts, product innovation and consumer trends