Abstracts » Business, international

Sweetly flows the Volga

Article Abstract:

Nestle has been successful in a venture in Samara, Russia, where the company has opened a new production line in a chocolate plant, Rossiya, acquired by Nestle in 1994. Nestle is producing Russian brands and can cut costs by using more of the cheaper ingredients and less of the imported expensive ones such as cocoa. Avtovaz purchases components locally, so can also offset the drop in value of the ruble by avoiding imports. Both companies have tackled the problem of gangsterism, and both have been successful, though Avtovaz would be aided by a strong international partner with new technology to contribute.

Chocolate and Confectionery Manufacturing from Cacao Beans, Chocolate and cocoa products, Chocolate & Cocoa Products, Nestle S.A., Russia, Chocolate industry, P/O AvtoVaz

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Gianni, come to Mama

Article Abstract:

Gianni Agnelli, in his annual letter to Fiat stockholders, reports $620 million in profits for 1994, compared with losses of almost twice that amount in 1993. The financial turnaround is due largely to the introduction of the popular Fiat Punto, which was heavily backed by Agnelli.

Foreign-Make Autos, Fiat S.p.A., Foreign cars, Agnelli, Giovanni (Italian automotive executive)

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The H files

Article Abstract:

Mitsubishi Motors has admitted not disclosing faults in automobiles to the Japanese transport ministry.

Mitsubishi Motors Corp.

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