Managing Director of “Kraft Foods” in the GCC
An ITP Dubai publication called “Retail News Middle East” has published the following article on the 2nd August 2006 about the latest activities of Patrick Satamian
Kraft to invest US $40m in its first regional plant
by Roger Field
Kraft Foods Inc, the world's second largest food and beverage producer, is to construct a US $40 million manufacturing plant in Bahrain's International Investment Park.
Kraft is due to start construction of the 60,000 square metre plant in September 2006 and completion is expected in October 2007, Patrick Satamian, managing director of Kraft Foods in the GCC confirmed to Retail News Middle East.
The new factory will employ some 250 people and will produce cheese and powdered beverages for markets across the Middle East. The development, which is the first direct investment by Kraft Foods in the region, has already gained approval of the Bahrain Ministry of Industry and Commerce. It will also be one of the largest food and beverage manufacturing plants owned by a multinational company in the GCC.
Read the rest of the article at the following Link.