Alpen Gold chocolate factory to receive tax exemptions for RUB 184 m

The Novosibirsk Region authorities have decided to provide chocolate producer Alpen Gold with tax exemptions for a total of RUB 184.114 million as government support for the construction of a multiple-purpose plant outside Novosibirsk.

According to previous reports, Mondelēz Rus (part of the Mondelēz International group) launched construction on the plant outside Novosibirsk in early 2015. The plant will manufacture products for company brands such as Alpen Gold, Milka, Yubileynoye, Medvezhonok Barni and TUC. Investment in the launch of the plant was estimated at USD 110 million. The plant is to be put into operation in the third quarter of 2015.