date:Aug 18, 2014
to generate revenues of $215m from the Russia in 2014, reports RIA Novosti. Last week, the company also announced on social media site Twitter that it had stopped producing products for the Russian market.
During the same week, the company stated that it was slashing around 50 to 75 jobs from its processing facilities in Denmark.
Arla, which is based in Aarhus of Denmark, is the third largest dairy producer in Europe generating an annual turnover of about $8.7bn.