Growth Rates of Baltic Beverage Plant Exceed Increase of Beer Sale Market in Azerbaijan

Business Materials 29 November 2008 16:04 (UTC +04:00)

Azerbaijan, Baku, 29 November /corr. Trend N.Ismaylova / The increase in sales of Baltic Beverage Plant in Azerbaijan as a result of the nine months of 2008 was 34% as compared to the same period of 2007, the company said on 29 November.

The amount of sales of the entire production of the company totaled 35.9mln hecaliters, which is 2.5% higher than the same period of the last year.

"Over the recent nine months, the company grew with the rates, which exceed the increase in the market. "The market share of Baltic increased by 0.3% and was 38%," the same source said.

The volume of export sales during this period grew by 19.4% as compared to the last year and composed 1.9mln hecaliters. Taking into account the licensed sales abroad, the increase in sales was 24.5% as compared to the last year.

Baku Castel Plant was opened in 2000. Then, its capacity was 6mln decaliters of beer per year, with the possibility of its increase up to 10mln.

The deal between Braesseries Internationales Holding Eastern Ltd and Baltic Beverage Plant on acquisition of Baku Castel beverage plant (Khirdalan Beer Plant) in Azerbaijan was completed in September 2008. The shares of Azerbaijani beer plant were acquired for $9.5mln. Baltic Beverage Plant intends to invest $20mln in the re-equipping of Baku Castel in Azerbaijan 2009.

Baltic Beverage Plant unites 11 breweries in nine regions of Russia. Basic owner of the company (85.6% of authorized capital) is Baltic Beverages Holding (BBH).

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