Roshen decides to liquidate Mariupol factory

14:10, 22.04.2015 1 min read

Roshen confectionery corporation is to close PJSC Mariupol-based Roshen confectionery factory.

"At their meeting on April 20, 2015, shareholders unanimously took a voluntary decision to liquidate PJSC Mariupol-based Roshen confectionery factory. The shareholders appointed an ad hoc commission in charge of the liquidation of the entity. The liquidation of PJSC Mariupol Roshen confectionery factory will proceed according to the model foreseen by Ukrainian laws," the corporate said on its website.

As reported, the Mariupol factory ceased operating in February 2014.

Roshen said the closure was due to pressure from tax authorities and a ban on its supplies to Russia.

Roshen owns factories in Ukraine, one in Lithuania, one in Hungary and one in Russia (based in Lipetsk). According to Candy Industry's Top 100, the corporation ranks 20th in the world, with earnings of $1.02 billion.