14 April, 2006

Russia: Novgorod-based Volga Brewery launches EUR 4.5 million project

The Investment in a project to set up a new line to produce beer in PET-bottles at Volga Brewery based in Nizhny Novgorod, amounted to 4.5 million euros, the company announced on April 12 , according to Interfax .

The new line was launched in April 2006 and is currently working at full capacity, the Volga press service told Interfax. The line replaced older equipment that could not handle the required volumes of production.

The new line has production capacity of 18,000 bottles per hour. The equipment was delivered by Germany's Krones. The line's projected production capacity is four times greater than the capabilities of the first line for PET-bottles at the brewery, which was installed in 2002. Volga Brewery has production capacity of 0.8 million hectoliters per year. Heineken NV signed a deal on the purchase of the plant on August 10, 2004.

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