Pravda.ru

Russia » Economics

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

12.03.2003
 

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.

816

Popular photos

Most popular

Russia's new White Swan Tu-160 bomber plane raises serious concerns in the West
Russia's new White Swan Tu-160 bomber plane raises serious concerns in the West
An upgraded version of the strategic Tu-160 bomber aircraft, also known as the "White Swan," is to be passed into service only in 2022 in the amount of 30-50 pieces. The new "Swan" has significantly...
Russia reacts to possible nuclear strike from USA
Russia reacts to possible nuclear strike from USA
Russia will be able to give a tough answer to a nuclear strike that the United States may inflict on Russia, First Deputy Chairman of the Federation Council Committee on Defense and Security, Franz...
Рейтинг@Mail.ru Rambler_s_Top100_Service