Mars coy over Kazakhstan pet-food project [Yahoo! Finance]
DANONE S/ADR (DANOY)
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Source: Yahoo! Finance
The office of the Prime Minister of Kazakhstan said the Ministry of Agriculture has “concluded an agreement with Mars Petcare Kazakhstan, which provides for the construction of the enterprise in the city of Konaev”. In the statement, the office said the proposed factory would involve investment of more than KZT88.8bn ($173.6m) and be designed to produce 100,000 tonnes of pet-food a year. However, when approached by Just Food , Mars, which has a pet-food portfolio including brands such as Pedigree, Royal Canin and Whiskas, declined to comment directly on the project. Mars said: “As a global business, we regularly review opportunities aligned with our long-term strategy. We are currently engaging with relevant authorities in Kazakhstan to explore potential ways to support the sustainable development of the pet-food industry. Any updates will be shared as appropriate.” Nevertheless, according to the statement from the office of the Prime Minister of Kazakhstan, the construction
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