• Most Popular
  • Most Shared

Kraft to invest $100 mln in Russia coffee factory

Thu Mar 13, 2008 4:28am EDT

Stocks

   

MOSCOW, March 14 (Reuters) - Kraft Foods Inc (KFT.N) is set to invest $100 million in an instant coffee factory in Russia's northwestern Leningrad region, able to churn out 5,000 tonnes per year, the region's press service said on Thursday.

Stocks

"Production will span every stage of the process -- roasting the green coffee, extraction and sublimation, deep freezing and vacuum drying," the regional administration said in a statement.

The factory will produce Jacobs Monarch, Carte Noire and Maxim brands of the coffee, while Maxwell House and Jacobs Aroma will continue to be imported from Western Europe, the statement said. (Reporting by Denis Pinchuk; Writing by Simon Shuster; Editing by Quentin Bryar)

Stocks


More from Reuters

Photo

Fox, Time Warner Cable ink temp deal to avoid blackout

NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009. REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article 

Lifestyle