The Russian beer maker and restaurateur Tinkoff is planning to increase its market share of the Russian beer market to 3% from 0.5% by end 2004.
The company said it will open a new brewery and two restaurants with their own microbreweries to achieve its aims.
Tinkoff will start production in autumn at the brewery with a capacity of 2m hectolitres.
Last year, Tinkoff sold 90,782 hectoliters of bottled beer and 4,500 hectolitres from its microbreweries.