Petro Poroshenko's Roshen confectionery company has stopped factories in Kiev and Boryspil because of the war, Roshen CEO and co-owner Vyacheslav Moskalevskyy told Forbes.
The Roshen factory in Kiev mainly produces cakes, which are difficult to sell due to the unstable operation of brand stores. The factory in Boryspil was closed because it is located on the outskirts of the city in the Kiev direction. The company is also trying to "empty as much as possible" a nearby warehouse in Yagotina, just south of the areas where Russian troops are stationed.
The factories in Vinnitsa and Kremenchug are working, but not at full capacity because of the severe drop in demand.
"No one needs anything. This week we resumed exports to the West. There is nothing going to the CIS countries and Israel. We have only one sales channel left - to European countries," Moskalevsky said.
The company paid February salaries to its employees, "but it's still not clear what will be done with payments in March," said Moskalevsky. He assumes there will be a cut in wages.
According to Moskalevsky, Roshen is trying to deal with demand and for now is going to focus on the production of cookies and waffles.
"The damage hasn't been assessed yet - it's not over yet," the Roshen CEO said.