Dec 15 (Reuters) - Mexican corn miller and tortilla maker Gruma said on Monday it will invest $50 million over the next two years in a new plant in Russia.
The plant, which is near Moscow, will produce up to 31,500 tonnes of corn and wheat products a year and is due to begin operating by the end of 2015, Gruma said.
The new plant will allow Gruma to double its production inRussia, the company said. Gruma has been in Russia since 2011 and has seen its business there grow 15 percent a year.
Gruma SA de CV
Company's website: www.gruma.com
T: +52 81 8399 3300
Public company (NYSE: GMK)
Contact: Juan Antonio González Moreno, CEO
Gruma SA de CV was launched in 1949 and is engaged in the production, marketing, distribution, and sale of tortillas, corn flour and wheat flour.