During the licensing process all equipment, production, technological and control processes were inspected to ensure they strictly comply with unito international norms and standards.
Last year, as part of the company’s strategy of enhancing its dairy export capabilities, Wimm-Bill-Dann received a corresponding license for Lianozovo Dairy Plant. Lianozovo Dairy Plant currently supplies dairy products to the Baltic States and Germany and increasingly sends exports to other European countries. On the basis of growing demand for its products, the company decided to seek certification for the Tsaritsino Dairy Plant.
The certification process received support from the non-commercial National Dairy Exporters organization and the Russian Ministry of Agriculture.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Wimm-Bill-Dann, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to conform them to actual results. We refer you to the documents Wimm-Bill-Dann files from time to time with the U.S. Securities and Exchange Commission, including our Form F-1. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” in our Form F-1, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, acquisition strategy, risks associated with operating in Russia, volatility of stock price, financial risk management, and future growth subject to risks.