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22 October 2001

Carlsberg and the EBRD

The Danish brewery Carlsberg and the European Bank for Reconstruction and Development (EBRD) are going to invest the modernization of the brewery Wien, situated in St. Petersburg, Russia, with up to USD 27 million. It is planned to double the capacity of the brewery in the middle of the year 2002 to 24 million hectolitres. Compared with the year 1999 the sales increased by 56% to 6.34 million hectolitres in the previous year, including an increase of the sales of beer by 72% to 5.08 million hectolitres. Thus the enterprise has been able to increase its beer market share in St. Petersburg from 9% to 15%, and in Moscow from 1% to 5%. Wien produces eight types of beer and non-alcoholic, carbonated drinks. 60% of the production are sold in St..

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