Confectionery AVK to invest UAH 6mln into development

Confectionery AVK to invest UAH 6mln into development

AVK plans to channel funds into cereal snack production of TM Kresko

Confectionary AVK plans to invest UAH 6mln (USD 220 000) into launching of production of cereal snacks of TM Kresko, the company's press release reads. AVK has plans to grasp 10% of the market share with its TM Kresko. The company will also export its production abroad. The export countries for the company will become Moldova, Belarus, Romania, Poland, the Baltics states and the Middle East.

AVK manages more than 5 well-known brands in Ukraine. It produces a wide range of products, like chocolate, caramel sweets, wafers, and salted snacks. Avramenko's own the confectionary since 1991.

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