The plant currently produces Novoessentukskaya mineral water in plastic bottles, this water is well represented on the shelves of Moscow supermarket chains. Following the acquisition, Wimm-Bill-Dann is looking to further develop this brand and overhaul the current packaging. The plant’s nameplate production capacity is approximately 8,000 units of 1.5 liter bottles per hour.
Over the past two years prior to the acquisition, Wimm-Bill-Dann has had a co-packing agreement with the plant for the bottling of Essentuki ¹ 4, Essentuki ¹ 17 and Essentuki ¹ 20 in 1.5 liter plastic bottles.
Wimm-Bill-Dann has been producing Essentuki mineral water since 2003 at two production facilities, including a plant acquired by the company in September 2003, where 0.5 liter dark-green glass bottles are being manufactured, and Essentuki mineral water plant at the CMW Ltd, where plastic bottles are being produced within the framework of the co-packing agreement. Both plants are currently working at a very high capacity utilization. Following the acquisition, Wimm-Bill-Dann will increase its production of Essentuki in plastic bottles and add new successful brand Novoessentukskaya to its mineral water portfolio.
Wimm-Bill-Dann Foods OJSC16 Yauzsky Boulevard, Moscow, RussiaPhone: +7 095 733-97-26/9727Fax: +7 095 733-97-25web: http://www.wbd.comE-mail: kagan@wbd.ru
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.All news