Creative Group Planning Joint Ventures In Georgia & Armenia.

Creative Group (CREA: N/R), a Kirovograd based producer of vegetable oil and oil-based products (spreads, margarine, mayonnaise, etc.) plans to create joint ventures in Georgia and Armenia in order to extend company’s presence on these markets, where currently, it exports vegetable oil, margarine and melted butter. Creative Group expects its sales in Georgia and Armenia to increase by 30% thanks to creation of joint ventures in these countries.