Archives for October 4, 2004

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Heineken re-joins battle for Russian breweries

Dutch brewing giant Heineken has increased its stake in Russia's rapidly growing beer market for the second time in three months, underlining the competition among big brewers to exploit the potential of this newly crowned nation of beer lovers.

PVM steps up Russian expansion

Perfetti Van Melle (PVM), the Dutch-Italian confectionery producer, is to open a new production facility in the Moscow region as it seeks to exploit market growth and narrow the gap with rival producers already established there, writes Angela Drujinina.

Valio increase Estonian cheese holdings

Finnish dairy products company Valio is to acquire Norwegian firm Synnöve Finden's 42 per cent holding in Estonian cheese producer Võru Juust, leaving Valio with a 99 per cent stake in Võru Juust.

Sokolow's soaring profit bolsters confidence

A boost from EU exports and a solid home market performance have helped Polish meat processing company Sokolów to achieve bumper net profits for the first half of 2004, but this is all part of the plan, according to a company quietly confident of...