25 Oct '07
Metro Cash&Carry has celebrated opening of its 600th store in Novosibirsk, having invested ?20m in its set up, the company's spokesperson has reported.
It is the first store Metro has opened in Novosibirsk, the 36th in Russia and the 600th all over the world. To set up the store, Metro Cash&Carry invested ?20m in the turnkey project. The total area of the store amounts to 5 hectares, trading premises occupy more than 7,000 square meters.
“Today the Novosibirsk region’s economy and infrastructure are well developed and have a high potential for trading business,” Metro’s Regional Director Andrea Martinelli said at the ceremony.
Metro plans to collaborate with local manufacturers to support them. It is projected that local factories will provide the store with up to 40% of meat and milk products.