- Russia & CIS Business and Financial Newswire -
Kraft Foods, the world\'s second largest producer of packaged foods, is planning to open an instant coffee plant in the Leningrad region city of Gorelovo in March 2008.Kraft Foods, the world's second largest producer of packaged foods, is planning to open an instant coffee plant in the Leningrad region city of Gorelovo in March 2008, Yulia Chubais, director of corporate affairs and relations with government agencies at Kraft Foods Rus, told Interfax.
Construction work is currently being completed at the plant, she said.
Some $100 million have already been invested in the project. The new plant will have capacity to produce 5,000 tonnes of products per year and can eventually be expanded to 10,000 tonnes.
Construction began in April 2006 on the site of an existing plant that packages instant coffee.
The new plant will produce the Jacobs Monarch, Karte Noire and Maxim brands of instant coffee. Granulated instant coffee for the Maxwell House and Jacobs Aroma brands will continue to be imported from Western Europe and packaged at the existing plant in Gorelovo.
Kraft Foods packages coffee in the Leningrad region, makes chocolate products in Vladimir region and sells cheese in Russia.
Kraft Foods was a subsidiary of Altria Group Inc. until April 2007, when it became an independent company. The company has production facilities in 65 countries and sells its products in 155 countries. The company posted sales of more than $35 billion in 2006 and employs more than 90,000 people.