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Business news, 03.03.2006 12:51

Kraft to invest $100M in St. Petersburg coffee plant

coffee Food and beverages giant Kraft is planning to invest $100 million to build a new plant near St. Petersburg in a move to satisfy Russia's growing taste for instant coffee.

The new plant is expected to have a production capacity of 5,000 tons per year. The new plant will work alongside Kraft's existing coffee-packaging facility near St. Petersburg.

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