Fazer buys Russian bakery

06 July, 2007
Page 12 
Finland-based Fazer Group has taken a majority stake in Russian bakery OAO Volzhky Pekar.
The company hopes to double Volzhky Pekar's €32m turnover in five years, profiting from the booming bakery and snacks markets in Eastern Europe. Fazer Russia plans to increase production by 50% to 75,000 tonnes per year, focusing on fresh bread and pizzas.Fazer already has operations in Scandinavia, Eastern Europe, the Baltic and the UK.



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