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. Last Updated: 07/27/2016

Russia Tea Factory Plan

COLOMBO, Sri Lanka () -- A Russian company, one of the biggest buyers of Sri Lankan tea, plans to set up a factory on the island to pack the leaves itself and export the product to thirsty drinkers back home.

May Company already ships 90 12-meter containers of Sri Lankan tea a month to Russia, other former Soviet and East European states, import manager Serge Garmash said.

"Today we're the biggest Russian buyer of tea," Garmash said in an interview. "Among all importers, we're one of the biggest single buyers here."

An agreement to set up the factory would be signed with the Board of Investment this month, Garmash said.