UzCarlsberg brewery to increase production capacity in Uzbekistan
Tashkent, Uzbekistan, Feb. 27
By Demir Azizov- Trend:
"Carlsberg Uzbekistan" brewery ("UzCarlsberg", a wholly-owned subsidiary of "Carlsberg Group") plans to increase its production capacity by one million dekaliters of beer per year in 2015 (compared to 13 million dekaliters at the moment), the Food Industry Association of Uzbekistan told Trend.
The project of modernizing and upgrading the enterprise worth $6 million will be financed by Carlsberg Group.
It was previously reported that Baltic Beverages Holding (BBH) and Uzbek Sarbast Plus created "Sarbast Plus" joint venture in 2006.
The foreign partner's share in the joint venture was 75.1 percent, while the Uzbek side's share - 24.9 percent.
"Sarbast Plus" joint venture put into operation a brewery worth $54.9 million in Tashkent in July 2007 and a design capacity of 10 million dekaliters of beer a year.
Carlsberg Group acquired BBH's assets in 2008 and became a full owner of all BBH assets, including Sarbast Plus.
The Carlsberg Group bought the share of Uzbek partner Sarbast Plus in July 2009. Currently, the company is fully owned by Carlsberg Group. At present, the investor's total investment volume in the project amounted to over $ 100 million.
UzCarlsberg produced seven brands of beer - four brands of "Sarbast" premium segment beer, "Tuborg Green", three brands of "Baltika" licensed beer as well as the soft drink - "Bread edge" kvass.
Edited by CN