The American-based Kraft Foods has announced its intention to invest USD 130 million for doubling the output capabilities for the company’s facility in the Leningrad region, which produces instant coffee. Once the proposed upgrades are complete, the processing volume on annual basis would be

20 000 tons of coffee. Installation of new equipment will begin in the final months of 2011.  

In addition to upgrading the plant near St. Petersburg, the Russian division of Kraft Foods is making plans to invest in its other daughter companies operating in Russia.

Altogether, Kraft Foods’ investments on the Russian market reach around USD 1 billion. The company is considered to be among the biggest manufacturers of pre-packaged food products on the planet, with 2010 revenues of around USD 50 billion.