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RUSSIA: Ochakovo to invest $150m in new facilities

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Russian drinks group, Ochakovo, is to invest some US$150m in three new facilities to be opened during the first half of next year. During the first quarter of 2003, the company is to open a plant at Penza to be developed at a cost of US$100m. The company will also open a US$40m malting plant in the Lipetsk region. The development of these two facilities will be followed by the opening of a US$6m winery in Krasnodar which is scheduled for May or June.


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