One of Russia's biggest cosmetics industries Natura Siberica will open a plant in Tallinn in October, intending to make natural cosmetics out of plants grown in the Estonian Saaremaa island, LETA/Postimees writes.
"We intend to send the first products to Estonian and foreign markets in October this year," the company's owner Andrei Trubnikov told Postimees. "By producing in Estonia, we can reduce the price of our cosmetics sold in Europe by a fifth, which will certainly increase trust towards us."
Trubnikov's Estonian-registered company Eurobio Lab invests up to 5 mln euros of money borrowed from banks in the plant developed in the former Coca-Cola plant in Tallinn's Mustamäe city district. Trubnikov plans that when the plant is working at full capacity, it will have a hundred employees and nearly 40 mln euros of annual turnover, which would form a tenth of the volume of his current business.
Trubnikov is also looking for land in the Saaremaa island to grow ecologically clean herbs and studies the nature of Saaremaa to create an Estonian cosmetic products series. "Estonia has a very good reputation in Russia and elsewhere in the world, which is why we hope to be a success with Estonian products," he said.
Andrei Trubnikov owns the company Pervoye Reshenie, which issues 30 brands of cosmetics. His brands include Retsepty Babushki Agafi, Organic Garden, Eco Hysteria etc. The brand and company Natura Siberica started out in 2007.
The company has four plants in Russia and stores in Moscow, St Petersburg and Rostov by Don. The company's turnover is nearly 53 million euros a year and export volume nearly 400,000 euros.