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McCain Foods reportedly going to Russia, with love of spuds.

The Canadians are coming! The Canadians are coming! Yes, Canada's McCain Foods plans to build a $100 million frozen potato product factory in Russia, according to an official in that country.

Nikolai Vinogradov, governor of Russia's Vladimir region northeast of Moscow, said the company aims to locate the plant, which will have capacity for 40,000-50,000 tons a year, either in the Vladimir or Voronezh region, reported Prime-TASS News.

McCain Foods has been negotiating with Vladimir's regional government about the new plant since last year, and a final decision is expected this year, he added. The report came shortly after Russia ordered about 500 acres' worth of Prince Edward Island table potatoes.

Island farmers, who are selling the spuds for three cents a pound, say they're relieved to be getting rid of the potatoes, which they hadn't been able to give away before because the market was so bad. McCain arranged the sale, but there was no word whether there was any connection between the export deal and the proposed factory.
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Comment:McCain Foods reportedly going to Russia, with love of spuds.
Publication:Quick Frozen Foods International
Geographic Code:4EXRU
Date:Apr 1, 2004
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