Russian Food Industry Seeks Urgent Renewal and Investment

MOSCOW, May 26, 2014 /PRNewswire/ --

Food ingredients finds a warm home in Moscow with the launch of Fi & Hi Russia in 2015 

UBM Live, the organisers of Fi Europe, have partnered with RESTEC to announce the launch of Food ingredients Russia, to be held 27-29 April 2015, in Moscow. Russia currently imports 98.3% of its food ingredients for food production, according to a report by the RBC. The report also states the Russian food ingredients market is worth around €2.47 billion with consumer interests now shifting towards higher quality, natural and environmentally friendly foods. Fi Russia, co-located with Health ingredients Russia and CPhI Russia, will provide a unique opportunity for the industry to further expand in this fast developing market by providing three leading specialised ingredient events, in one location.

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The scale of food processing and formulation solutions in Russia is not quite at the level of its Western rivals in terms of the production and processing of ingredients, leaving large gaps in the market for food ingredients suppliers to develop within this billion euro industry. The success of launching Fi & Hi Russia is certain. The event organisers, RESTEC, provides local market insight, together with the global market-leading organiser, UBM, brand owner of the Fi Global portfolio, guarantees that wherever they launch, the industry will follow. The Fi Global portfolio also holds a 310,000 member database of local and international buyers, providing each exhibitor with invaluable marketing power to target the ideal buyer for them. As with every show in the Food ingredients portfolio, Fi Russia will incorporate high level content and features such as co-located conferences, networking events and a match-making service to provide each exhibitor and attendee with a smooth and successful entry into the Russian market.

Mathias Baur, Portfolio Director, Food ingredients Global, UBM Live comments: "A number of positive factors have created the ideal environment to launch Fi Russia. The Fi Global team is dedicated to providing the highest level platform to help our clients develop their business strategies and Moscow provides the ideal location for this launch show. We are very excited to be working with RESTEC and are extremely optimistic about the future of the fair!"

Fi & Hi Russia will be held 27-29 April 2015 at the All-Russian Exhibition Centre (VVC) in Moscow and it co-located with CPhI Russia 2015.

About Food ingredients Global - the trusted route to market since 1986 

Food ingredients was launched in Utrecht, The Netherlands, in 1986. Its portfolio of live events, publications, extensive data, digital solutions and high-level conferences, are now established throughout the world and provide regional and global platforms for all stakeholders, in the food ingredients industry. Over 500,000 people have attended our shows over the years with billions of Euros worth of business created, as a result. With over 25 years of excellence, our events, digital solutions and supporting products, deliver a proven route to market, with a truly global audience. For more information about the Food ingredients Portfolio please visit: http://www.foodingredientsglobal.com/europe

About UBM 

UBM Live connects people, and creates opportunities for companies across five continents to develop new business, meet customers, launch new products, promote their brands and expand their markets. Through premiere brands such as Fi, NuW, MD&M, CPhI, IFSEC, TFM&A, Cruise Shipping Miami, the Concrete Show and many others, UBM Live exhibitions, conferences, awards programs, publications, websites, training and certification programs are an integral part of the marketing plans of companies across more than 20 industry sectors. UBM Live is a division of United Business Media (LSE: UBM.L, http://www.ubm.com), a leading global B2B media provider with 6,500 staff in 40 countries. Incorporated in 1918 as United Newspapers Limited, we live by the motto: "We explore, we exceed, you excel."

For more information about UBM Live, please visit: http://www.ubm.com.

About Restec 

Over the decades RESTEC® has been actively participating in the development and consolidation of the Russian exhibition market as an independent economic sector. Now RESTEC® Exhibition Company is one of the top three leaders of the Russia`s exhibition business. Being a member of the Russian Union of Exhibitions and Fairs (RUEF) since 1992, the International Tourism Trade Fairs Association (ITTFA) since 1994, the Global Association of the Exhibition Industry (UFI) since 1997 and since 2007, the Association of Organisers of Exhibitions Abroad and of National Group Participations in International Trade Fairs and Exhibitions (InterEXPO), RESTEC® was established in 1990.

SOURCE UBM Live