8 August 2007 - Ukrainian confectionery products maker Konti will invest USD 49 million in the production of new sweets and biscuits at its existing plants.
According to reports in Ukraine’s press, the candy maker intends to launch 2 products by the end of the year.
The company has already launched “Bonjour Mini” this summer for an estimated USD 12 million, said the reports.
In H1 2007, Konti increased the production of confectionary products by 11% or 10,000 tons to 100,000 tons and sales by 27.3% or USD 31.5 million to USD 147 million (excluding VAT) year-on-year, added the press.
Last year Konti Group increased production by 21.77% or 32,900 tons, compared to 2005 (184,000 tons). 2006 sales rose to UAH 1.4 billion (VAT exclusive), twice as much as in 2005.
In April, FLEXNEWS reported that Konti planned to invest 300 million roubles (8.65 mln euro) by 2010 in order to upscale its Russian factory located in Kursk.
Besides the Kursk facility in Russia, Konti, formerly known as Kiev-Konti, also owns three other plants in Ukraine, in the Donetsk, Konstantinovsk and Gorlovsk regions.