Russian footwear manufacturer Uralobuv invested over $2 million during 2001 in Italian footwear production machinery. The company’s total volume of shoes produced last year came to over 2.8 million pairs and with the help of the new investments is scheduled to increase by 10-12% in 2002.

Uralobuv also distributes footwear in Russia and has 11 retail outlets, a figure it plans to increase to 24 in 2002. Footwear production in Russia was up 15.5% in January-February 2002 compared with 2001, according to local reports.

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