Roshen is not only not sold: Poroshenko is expanding his business to Poland
The Roshen confectionery corporation, owned by Ukrainian President Petro Poroshenko, has registered its subsidiary in Poland, the Polish business newspaper reports.Pulse of Business“. Roshen intends to become one of the five largest players on the Polish market within five years.
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The publication reports: “Roshen Europe”, a subsidiary of the Roshen Confectionery Corporation, one of the largest confectionery manufacturers in the world, has very ambitious plans.
“Within five years, we want to become one of the five largest players on the Polish market,” says Artur Martyniuk, President of Roshen Europe in Poland.
“The industry is expanding. Ukrainian sweets producers are entering Poland. They know the market, their prices are reasonable and competitive,” the newspaper says.
Polish confectioners have already announced that Poroshenko is going to take over their market.
Roshen produces more than 320 types of sweets. The corporation already owns factories in Europe, the largest in Hungary, but also in Lithuania. The Lithuanian factory is located in Klaipeda and specializes in the production of hard candies and caramel products. In 2006, Roshen bought the huge Soviet-Lithuanian confectionery factory “Klaipeda Confectioner”. In 2011, the Lithuanian Roshen plant underwent a complete reconstruction.
Let us recall that during the 2014 presidential elections, Petro Poroshenko promised voters to sell his business, namely the Roshen Corporation. However, so far, none of the factories of the Roshen corporation have been sold, and, apparently, will not be sold. In 2014, Roshen Corporation increased its profits 9 times. Poroshenko himself increased his personal income in 2014 by 7 times. The international investment bank, controlled by President Petro Poroshenko, in 2014, against the backdrop of the collapse in the banking sector and the bankruptcy of the largest banks, became one of the few banks whose profits also grew (by 30%).
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