Austrian fruit company invests € 27m in Russian factory site
The factory, which was built in 2004, is located 100km in the south of Moscow. In 2005, Agrana acquired the site. Technical facilities were provided by the Austrian construction company SMB, which also intends to apply for the provision of new machines. Hlawati announced that “Austrian companies will be awarded for the construction”.
According to Hlawati, Agrana supplies all Russian producers of dairy products. The market share of Agrana in Russia amounts to 48%, sales totalled € 55m in 2011. Hlawati still sees “enormous growth potential” in Russia, as consumers tend to prefer natural products.
Agrana´s group revenues reached € 2.0bn last year, about half of which is based on fruit treatment.
Source: www.friedlnews.com