As a part of its international expansion plan in the field of edible oils, Savola has recently entered the Central Asian market by acquiring a major stake (90 percent) in the “Turkuaz Edible Oils Industries” in Kazakhstan for a total initial investment of around $12.5 million.
According to Arab News, the new entity is named the Savola Kazakhstan Company. The plant - with 200 employees and a yearly production capacity of more than 25,000 tons of seeds - has got a unit with a yearly crushing capacity of more than 45,000 tons of seeds. (menareport.com)
© 2004 Mena Report (www.menareport.com)
