Business news from Ukraine

AVK INVESTS UAH 6 MLN IN LINE FOR PRODUCTION OF KRESKO CEREAL SNACKS

4 August , 2017  

KYIV. Aug 4 (Interfax-Ukraine) – AVK Confectionery LLC (Kyiv), one of the largest confectionery manufacturers in Ukraine, has launched the production of cereal snacks under the Kresko trademark.
“AVK resumed the production of Kresko goods, launching a new line, in which UAH 6 million was invested,” the company said in a press release.
At present the new product with a chocolate or banana taste is presented in different weight packs: 170 g and 74 g, as well as in sticks weighing 30 g. The company plans to make the product in the form of crispy tubules weighing 40 g.
“This is not a simple product. Having lost the production line in Donetsk, we restored it in Dnipro. It is a great success for the company,” company founder Volodymyr Avramenko said.
According to him, only Ukrainian raw materials are used for manufacturing the product.
AVK with the new product plans to occupy 10% of the cereal goods market in Ukraine. It plans to supply Kresko goods to foreign markets, in particular, to Moldova. The company is also interested in the markets of Belarus, Romania, Poland, the Baltics, and the Middle East.