Kraft to invest $100M in St. Petersburg coffee plant
The investment comes as a move to satisfy Russia's growing taste for instant coffee.
02/03/06 Food and beverages giant Kraft is planning to invest $100 million to build a new plant near St. Petersburg in a move to satisfy Russia's growing taste for instant coffee.
The new plant is expected to have a production capacity of 5,000 tons per year. The new plant will work alongside Kraft's existing coffee-packaging facility near St. Petersburg.
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