Today.Az » Business » President of Baltika company: "About $20 mln will be invested into modernization of the Baku-Castel brewery"
15 May 2008 [16:47] - Today.Az
Baltika is a leader of the import segment of market in Azerbaijan.
The due announcement was made by President of Baltika Breweries Anton Artemyev.
He said in 2007 Baltika invested about $300,000 to commercial and freezing facilities, as well as marketing programs in Azerbaijan.
"The whole line of Baltika's brand, as well as Nevskoye and licensed brand Kronenbourg 1664 was presented in Azerbaijan", said Artemyev.
"By having its own production in the Trans-Caucasus region, Baltika will be able to lower its logistics costs and consequently to develop new export routes," Artemyev concluded.
It should be noted Denmark's largest brewer, Carlsberg AS, said its Eastern European venture Baltika Breweries has signed an agreement with Brasseries Internationales Holding to buy the Baku-Castel brewery in Azerbaijan for an undisclosed sum.
/Day.Az/
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