Century Pacific Food Inc. said it has signed multiple deals to supply tuna, sardine and coconut milk products to Russia worth $12.57 million.
The agreements cover the delivery by Century Pacific of supply of tuna and sardine products to Magnit Food Retail Chain, Dalimo and LLC Dalpromryba, as well as coconut milk products to Panasia Impex Co. Ltd.
“Russia is an attractive market for us because of its large, increasingly affluent, and highly educated population,” said Gregory Banzon, Century Pacific chief operating officer.
Banzon noted that Russia has the sixth-largest economy in the world and a population of 146 million people.
“The multiple deals follow accreditation of CNPF’s various manufacturing plants, allowing the company to meet and service various requirements of established food brands and retailers in Russia,” Banzon said.
“The supply agreements will help us build a global consumer base for our flagship brand Century Tuna, which is already gaining traction abroad, and grow as well our emerging coconut milk business,” he added.