Word: chumak
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Dates: during 2000-2009
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...investors say that may be an unduly bleak view. Nine years ago, two Swedish businessmen, Johan Boden and Carl Sturen, invested about $5 million to start up a company in the farming town of Kakhovka aimed at making use of Ukraine's rich agriculture, including its tomatoes. Their firm, Chumak, named after Cossack salt merchants, is now a leading national brand, making a range of more than 30 types of ketchup, pickled vegetables, spaghetti sauce and other condiments for the Ukrainian and Russian markets. Sales last year grew by more than 50% to $60 million, and the firm is held...
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