CEDCs licences in Russia will run for a further five years

CEDC's licences in Russia will run for a further five years

Central European Distribution Corporation has secured the renewal of its licences for the production, storage and wholesale of spirits in Russia.

The US-based company, which operates primarily in Central and Eastern Europe and Russia, said late yesterday (13 July) that it has renewed and extended all 13 licences for all of its Russian facilities for a further five years. The licences had been up for renewal this year.

CEDC's CEO & president, William Carey, said: “Even though the wholesale channel still continues to work through this process, which we expect to be near completion early in the third quarter of 2011, we are pleased that the licensing process went as well for us as it did and that our cooperation with the Russian authorities for the regulation of alcohol has resulted in the timely acquisition of all of our licenses.”

Last month, CEDC confirmed to just-drinks that it is mulling the sale of one of its Russian facilities as part of a consolidation of its operations in the country.