Tujmazinsky Molokozavod OJSC was built in 1958. A powdered milk facility was added to it in 1980. In the period between 1986 and 1993 the factory underwent a major reconstruction, which included replacing the equipment and building butter and processed cheese facilities. Wimm-Bill-Dann intends to take advantage of the abundance of inexpensive raw milk in the region and process it locally, which will enable the company to further reduce the cost of raw materials.
The factory currently processes around 285 tons of milk per day. Tujmazinsky Dairy produces milk, fermented dairy, cottage cheese, sour cream, butter and processed cheese. The plant employs about 300 people.
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