Pravda.ru

News » Economics

Oriflame Cosmetics Firm Expands into Russia and CIS - 12 March, 2003 - News

12.03.2003 | Source:

Pravda.Ru

 

Swedish cosmetics company Oriflame is preparing to make a decisive move East. According to Swedish business newspaper Dagens Industri, the company's management has decided to open its first factory in Russia, which will be built 20 kilometres from Moscow.

The factory is planned to open in 2005 and will cost the company almost USD 35 million. According to Oriflame's general director, the company is also planning to construct large warehouses for its products in Russia, Ukraine, Kazakhstan and other CIS countries.

Surprisingly, according to Dagens Industri's figures, Oriflame products are not very popular in Sweden itself. Of the company's total annual turnover of USD 550 million, only USD 11 million comes from the Swedish market.

© &to=http://www.rosbaltnews.com/' target=_blank>RosBalt

 

Popular photos

Most popular

Russia Warns US-IS-IS, Again
Russia Warns US-IS-IS, Again
I can't even count the number of times the alarm has been sounded by the Russian Federation and its Foreign Minister, Mr. Sergey Lavrov, that US-Israeli support of, and participation in worldwide...
US/ISIS Air Force Shoots Down Syrian Aircraft
US/ISIS Air Force Shoots Down Syrian Aircraft
The US has finally admitted shooting down a Syrian SU-22 which was engaging in combat operations against ISIS terrorists. Russian representatives were contacted in order to de-escalate the situation...
Рейтинг@Mail.ru Rambler_s_Top100_Service