Poltava Confectionery increased output of caramel and other types of confectionery for Russian and Ukrainian markets.

Poltava, August 28, /Vladimir Fomenko - Ukrinform/.
Poltava Confectionery increased output of caramel and other types of confectionery for Russian and Ukrainian markets. The press service of SigmaBleyzer, an international investment company (Kharkiv), managing a 76.2% stake in Poltava Confectionery, informed the reporter of Ukrinform that in 2001 Poltava Confectionery increased production volumes by 2.7 tons (9,1%) or by total amount of UAH 117 million.

Production plan for first half of 2002 is fulfilled by 102%. During this period, the factory production output totaled UAH 54.593 million, sales – UAH 54.762 million. Customers are Ukraine – 72% and Russia – 28%.

With the help of controlling stake owner, international investment fund UGF, Poltava Confectionery finished constructing new shop for chocolate and biscuit production.

Poltava Confectionery produces 3% of the total amount of Ukrainian confectionery products.

According to expert estimates, the annual domestic market makes up 1 million tonn of confectionery, including 30% of import.