The SPI (The Plastics Industry Trade Association) has welcomed legislation put forward in the Senate this month that will make it easier for US companies to do business with Russia.
Finnish bakery and confectionery firm Fazer has identified potential in Russia for its bakery arm and hopes to foster growth by developing premium health products.
Economic downturn and a drop in demand have led to masterbatch producers ‘cutting back activity’ and seeking ‘wider markets’ such as Russia and Ukraine, a plastics market research consultancy has found.
Increasing disposable income and growing food expenditure are helping to creating an opening for foreign investment in the Russian food processing sector, according to a US government report.
Two leading paper and board manufacturers have sealed loan agreements worth €250m from the European Investment Bank (EIB) to upgrade facilities and productions at plants in Eastern Europe.
The Eastern European flexible packaging market is set for 'impressive' growth over the next 10 years, with Russian sector growth nearly in double figures.
Canadian-based packaging firm Technopac International has secured distribution rights to North, Central and South America and Russia for a high speed bread packaging machine it say can improve productivity by 60% and significantly reduce waste.
The European Bank (EBRD) has bought a €10m stake in Russian cake and biscuit producer Hlebprom, a partnership that will have financial as well as strategic benefits for the bakery manufacturer, said the bank.
The “record” attendance numbers at this year’s Modern Bakery Moscow trade fair reflects a growing demand for bakery technologies and products in Russia, according to event organiser Ost-West-Partner.
Co-ordinated EU-wide action is needed urgently to end food price volatility induced by market speculation, warns the European Flour Milling Association after wheat prices reached a 23-month high yesterday.
It’s too early to predict the impact of huge rises in wheat prices on European flour products such as bread and biscuits, according to the National Association of British & Irish Millers.
