Tetra Pak nearly quadruples net profits in Russia in 2010
MOSCOW. July 20 (Interfax) - CJSC Tetra Pak increased its net profits to Russian Accounting Standards (RAS) for 2010 by 270% to 1.46 billion rubles from 389.6 million rubles for 2009, according to the SPARK-Interfax database.
Tetra Pak is a world leader in the processing, packaging, and delivery of liquid food products, operating in more than 170 countries.
Company sales revenues grew 9.7% last year to 25.2 billion rubles from 22.9 billion rubles a year earlier.
Gross profits came to 6 billion rubles, down from 6.3% in 2009.
Tetra Pak's commercial expenses came to 3.9 billion rubles (3.4 billion rubles in 2009).
The company secured its first contract in the former Soviet Union in 1959. The company launched a plant in Lobnya (Moscow Region) costing EUR 100 million in 2007.
Russian plants have taken possession of more than 500 Tetra Pak packaging lines. Among the company's biggest clients and partners are OJSC Wimm-Bill-Dann Foods , Multon, Lebedyansky , Unimilk, Nidan Juices, and other food-sector companies.
As the company announced earlier, it increased packaging-material sales in Russia 16% to 7.3 billion units last year.
Tetra Pak supplied Russian clients with 21 automated packaging lines last year, seven of which are innovative, new-generation equipment. These are the Tetra Pak iLine packaging lines, which will be the basis for companies' continued modernization.