RUSSIA: Baltika plans brewery in Samara
The announcement follows the signing of an agreement between Baltika and the Samara regional government leasing the land for the brewery for 49 years. Production at the outset will be about 1 million hls rising to 3 million hls depending on demand.
Baltika's project in Khabarovsk in eastern Russia is also set for completion by the end of 2002. Initial production there will be in the region of 150 million litres, rising to 300 million litres, with surplus production destined for export to China.
Meanwhile, it has also been reported that Baltika, which is 75% owned by Baltic Beverage Holdings, has suspended the financing of a refurbishment of the Krinitsa brewery in Belarus. Baltika says the project will be frozen until the Belarus government reassigns controlling stake in Krinitsa to Baltika.
Baltika has written to its shareholders approving the guiding principles for a proposed merger with the Pikra, Vena and Yarpivo brewing companies in Russia....
Baltika has posted an impressive rise in H1 net profit....
Baltika has posted a healthy rise in H1 net profits....
Scottish & Newcastle will "vigorously defend" any accusations of illegal and unethical behaviour in its Russian holdings....
Baltika has begun supplying beer direct to Ireland....
Baltika has failed in a bid to gain sufficient support from minority shareholders for its proposed acquisition of the Pikra brewery for US$67.5m....
Baltic Beverage Holdings plans to begin consolidating its Russian assets with the brewer Pikra, a press report said today....
Baltika Brewery has posted its Q1 figures....
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