During the ХХI St. Petersburg International Economic Forum, Wrigley, Russia (Mars, Incorporated) and the city of St. Petersburg have signed an Investment Agreement for the upgrade of production facilities, as well as implementation of environmental educational programmes for the sсhool children of St. Petersburg.
The signing of this Agreement ushers in the beginning of an investment project dealing with modernization of chewing-gum manufacturing facilities in order to increase factory’s packing capacity and production infrastructure. The total volume of investments will amount to approximately 1 billion RUR over the period of 2 years.
“For us, it is a matter of great importance to stay true to our principles. The implementation of this new Agreement will enable us to upgrade existing facilities, increase our export potential, and to make a contribution to the development of chewing-gum category of the Russian market. Apart from that, we set up to implement a number of educational programmes dealing with environmental issues for the schoolchildren of St. Petersburg. We are deeply grateful to the government of the city of St. Petersburg for their cooperation and proactive stance with regard to the attraction and support of international investors,” said Maher Batrouny, General Manager of Wrigley Russia.
“We cooperate with Wrigley for many years. Today, we have signed an important agreement that will contribute much to improvement of Saint Petersburg living standards, the city’s investment climate, and its export potential,” says Georgy Poltavchenko, Governor of Saint Petersburg. “The agreement will allow Wrigley to implement a new investment project that will involve modernization of its production facilities in line with all global environmental standards. I’d like to thank our partners for expanding their business in Saint Petersburg, which is another evidence of our mutual trust and a favorable investment climate. In our turn, we will continue creating the best possible conditions for our partners, helping them develop such projects.”
Within the framework of the Agreement, Wrigley will also implement several educational programmes dedicated to current environmental issues and available solutions. This year, the implementation of “A Clean City Starts with Yourself” programme, which is devoted to the Year of Ecology, will be continued for 1500 schoolchildren of St. Petersburg, when summer holidays are over.