Bunge CIS LLC
Company Details
Company Introduction
âBunge CISâ LLC, Russian subsidiary of Bunge Ltd, was establishedin Russia in 2004. The company carries activities in two areas:food products and sales of agricultural products â grain andoilseeds.Bunge owns three popular brands of oil â Oleina, IDEAL and Maslenitsa,added to the companyâs portfolio in 2003, 2005 and 2008respectively. At present, according to the retail measurementresults presented by âNielsenâ company, these oil brands togetherhold more than a 12% share of the Russian market.During 2004-2005 the company purchased grain elevators in Krasnodarand Voronezh regions as well as a grain terminal in Rostov-on-Don.By operating the grain elevators and running regional divisions inthe main Russian grain-producing regions, Bunge actively developgrain export and also purchases sunflower seeds for its new oilextraction plant.Construction of the oil plant in Voronezh region started in spring2005, and at the end of 2008 the new enterprise was formallyopened. The amount of US$ 130 million was invested in the project.Annual plant capacity is 500 thousand ton of raw materials, whichwill allow producing over 200 million bottles of sunflower oil.Today, in the frameworks of its global strategy, Bunge assignsRussia to be a priority market for sunflower processing and grainprocurement and export.
Company Information
Company Product
- Sunflower oilSunflower oilSunflower oilSunflower oilSunflower oilSunflower oil