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Barilla will produce pasta in Russia and Latin America
Barilla plans to expand production.
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Barilla received a loan of $907 million and was aimed at the acquisition of enterprises in Latin America and in some European countries, especially in the UK.

The Italian company, which produces sauces for pasta and bakery products, said that the loan will replace the expired line of credit. In granting a five-year loan involved a pool of 13 banks, including Italian banks Intesa Sanpaolo and Mediobanca and foreign creditors such as Citi, BNP Paribas and Commerzbank.

The remaining money the company intends to spend on the development of production of organic products in Russia and Brazil, where Barilla gaining a larger market share compared to competitors. Barilla does not consider the possibility of acquisitions in the US, and sees opportunity for growth in Russia.

Pasta is not included in the list of products prohibited for import into Russia in the economic battle sanctions a tooth for a tooth, caused by the crisis in Ukraine. In Barilla claim that its sales in Russia are growing at a huge rate, which is scheduled to open in the Russian Federation new production company next year.

In Brazil, sales more than doubled in the first eight months of this year.

The company may also invest in open offices in Dubai as a base for activities in the middle East and Africa, where there has been a rapid growth.

Barilla reduced costs and increased marketing activity during economic depressions on the Italian market, which amounted to almost half of its sales last year.

The company's revenues rose by 2.5% to 3.2 billion euros ($4.37 billion) in 2013 compared with the previous year. By 2020, the company plans to nearly double the revenue of up to 6 billion euros. At the end of 2013 debt Barilla was $ 347 million euros, which is less than 574 million euros the previous year. The company's net income increased by 45% to 109 million euros last year.

The company, founded in 1877, was the expansion strategy of pasta and sauces in countries outside the EU and bakery products (biscuits, bread and snacks) in Europe.



Translated by the service Yandeks.perevod"
Источники: Agro2b
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