JAKARTA (TheInsiderStories) – Indonesia food producer, PT Mayora Indah Tbk (IDX: MYOR) targets to export instant coffee to Russia with worth of US$40 million in 2019. The company seeing an increase in export demand of instant coffee in 2018 with worth of $20 million, a 30 percent increased compared to previous year.
At the sidelines of first export in President Diretor Mayora Group Andre Atmadja stated that it was aiming for a larger export of coffees and snacks to Russia this year.
“We are targeting exports of 2,000 containers. In addition to coffee products, we will also export biscuit products this year,” he said in Jakarta, on Wednesday (02/06).
Since exporting to Russia in the past five years, Atmadja stated, Mayora’ business growth could grow 30 percent per year. The company sees a big potential at these areas and continues to increase its export quota.
Meanwhile, Country Head International Group Mayora Hartono Gunawan, said that exports to Russia have been carried out since five years ago because the opportunity to capture market share in the Bear Country is very large.
Country Head International Goup of Mayora Hartono Gunawan comments: “Why did Russia? First, because Russia has a high population, which is the 9th rank in the world and has a good level of economic growth, where their GDP is ranked 11th in the world.”
He noted, even in 2018 the food and beverage producers had exported 1,000 containers to the country. Minister of Trade Enggartiasto Lukita appreciated Mayora’ move to penetrate to the Russian market..
Seeing Mayora’ success in the Russian market, Russian Ambassador for Indonesia Lyudmila Verobieva optimistic that relations between Indonesia and Russia will continue to increase, not only diplomatic relations, but also economic relations.
“Of course this can be an example that can be followed by other Indonesian companies,” she said.
As informed, Mayora Group since its founding in 1977 has been circulating in more than 100 countries in the world with a total of 250 thousand containers exported. Strategic markets include the ASEAN, China, India, Middle East, United States, Iraq and Palestine markets.
Written by Daniel Deha, Email: email@example.com