02 March 2004 08:25
DYMOV TO PRODUCE PARMA HAM IN RUSSIA
Company founder Vadim Dymov told Interfax that the sides signed a
protocol of intent to set up joint production in Moscow during his
recent visit to Italy, where he visited two plants producing this
MOSCOW. March 2 (Interfax) - Russian sausage and processed meat producer Dymov, and the Prosciutto Producers'
Association of Italy plan to set up a joint venture to produce Parma ham in Russia.
product.
Dymov said that the cost of the project is estimated at 40 million euros. The project will be financed under
guarantees from the Italian government and the joint venture will be equipped with Italian machinery.
The company produced 8,500 tonnes of produce in 2003 compared with 4,900 tonnes in 2002. This year the company plans
to increase production to 16,200 tonnes and to occupy 10% of the Moscow sausage market, up from 5% at the moment.
Sales in 2003 amounted to $55 million compared with $20 million in 2002. The sales target for this year is $85
million - $90 million.
[Interfax] |
RUSSIA IN FACTS
