"Lutsk Foods" intends to increase its growth dynamics

Economy · 09:10 07.08.2006

The domestic producer of tomato sauces, margarines, vinegars and water, OJSC "Lutsk Foods" (TM "Runa", "Maselko") intends to increase its growth dynamics. Over the next three years, the company hopes to increase turnover fivefold compared to 2005 figures.

According to the company, the set goal can be achieved through a complete reorganization of logistics and distribution systems. For eight months, "Lutsk Foods" prepared for the launch of a new product on the market - hot sauces, which appeared on store shelves just a few weeks ago. In addition, the company intends to develop the mineral water segment.

For May-June 2006, the company increased its sales level by almost 20% compared to the figures for the same period in 2005.

OJSC "Lutsk Foods" has operated as a joint-stock company since 1997 (founded in 1947), and specializes in the production of light oils, industrial margarines, tomato sauces, tomato paste, adjika, mineral waters, natural and table vinegars. The company's products are produced under the trademarks "Runa", "Maselko", "Ketchu", "Tomatti", "Dzherelo Zdorovya". Sales volume for 2005 amounted to UAH 108.2 million, retained earnings as of January 1, 2006 - UAH 8.7 million, enterprise assets - UAH 58.2 million.

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"Lutsk Foods" intends to increase its growth dynamics

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