date:May 09, 2014
Juice Producers is cited as saying, noting Nidan's share slipping to 9 percent in 2011 and 6.9 percent the following year.
Coca-Cola is said to explain the wind-up of Nidan operations by a juice market contraction in Russia falling 5 percent last year.
Since Nidan's results came in below market average, the company decided to streamline its juice business on the basis of a more efficient Multon, Coca-Cola's spokesman Vladimir Kravtsov is quoted as saying.