Press-release

Milkiland Ukraine supplied the first lot of cheese to Turkmenistan under a contract signed in November this year. The contract with the Turkmen buyers totaling USD 2 million is valid until December 31, 2014.

“Turkmenistan is a new promising market for the Milkiland Group. Per capita cheese consumption in this country is significantly lower in comparison with the Russia and Ukraine but it has been growing and according to the forecast of BusinesStat, one of the leading Russian marketing companies, will continue to increase over next 5 years.

Taking into consideration that this company access the volume of cheese market of Turkmenistan of c.2.0 thousand ton per annum, in case of successful development of the Group’s business in this country, we hope to catch the share up to 10% in the Turkmen cheese market in the next year”, – commented Vladimir Gontar, Director of LLC “Milkiland –Intermarket”.