The European Holding Atlantic Grupa has delayed for an indefinite period the construction of a factory producing infant food under the brand of “Baby” near the Russian city of Oryol.
As Kommersant reports on Wednesday, the plant was planned to be erected in Zelyonaya Roshcha industrial park located in Oryol, but financial difficulties emerged at the stage of design activities.
Thus, the company expects that by the end of 2017, the Board of Directors will approve project documentation, what will allow to launch the construction.
We should remind you that the management of Atlantic Brands reached an agreement with Governor of the Oryol region, Vadim Potomsky, on the construction of a plant in late August 2016.
