RUSSIA: Tonutti Increase His Presence On Russian Market
1 January 2009

It is a brilliant start to 2009 for the Tonutti Group as it confronts the world crisis by deciding to invest another 22 million roubles in Russia to acquire 98% of the shares in KD, a Russian commercial company that ended 2008 with a turnover of 300 million roubles.

"This further investment creates and develops new opportunities for growth, giving a further impulse to customer service and infusing new energy into the Tonutti Group.

We are enthusiastic about the evolution of our company and the opportunity to unite the enormous capacity and experience of both companies to increase our strength in the Russian market, our customer support and our geographical coverage,” declared Carlo Tonutti, Chairman of the Tonutti Group.

"Innovation, research and investment are the solution to emerging first and stronger from the present economic situation." continued Carlo Tonutti who expects and hopes for a change of course in the present world economic situation after the first half of 2009 that will probably begin in North America and then spread to all the major world economies, particularly the emerging ones.

Copyright (C) 2012 by Tonutti Spa - All Rights Reserved All Images and Text contained in this site are protected by copyright law and are owned by Tonutti Spa