Russia: Heineken-owned Volga Brewery reported an output of 810,000 hl in January-September 2006
The press-service of Nijegorodsk district has communicated that Heineken-owned Volga Brewery brewed 810,000 hl of beer during the first 9 months of 2006, The Russian Brewers Union released November 07. The amount of excise taxes which was directed to the district’s budget overcame RUR143.3 million.
Heineken envisaged to inject €60 million in the modernization of the Volga brewery - of which €30 million in 2006 - and to invest €37-38 million in the reconstruction and the modernization of basic capacities, as well the construction of the administrative complex, a warehouse and a heating unit. As a result of the reconstruction, the brewery should be able in 2006 to lift its beer output from 0.8 million hl to 2.2 million hl.
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