Belarus is expected to have its domestic market fully saturated with home-produced juices by July 2008, Vice Premier Ivan Bambiza said in a government report to the parliament.
"There will be two mighty plants built in Belarus to cover 100% of local consumption and even offer something for export," Bambiza said. The vice premier accentuated the point that Belarus currently imports 60% of juices.
Bambiza said he refers to plans of launching two juice factories in Minsk and Bobruisk.
Initially, the Bobruisk factory will focus on diluting concentrated juices. Besides, both factories will use locally available basic materials: apples, plums and berries.
One of the juice factories will be based in Minsk's Zhdanovichi suburb, with plans to produce up to 100 million equivalent cans of juice a year.
The other juice factory is owned by Detroit Belarus Juice Company. The Bobruisk juice maker was founded by the International Finance Corporation (20%) and Detroit Investments Ltd (80%).
The juice factory will be the second joint project implemented by Detroit Investments Ltd and the IFC in Belarus.
Bobruisk is home to the their first investment project - Brewery Syabar, the second biggest producer of beer in Belarus.
Initially, the Bobruisk juice factory is expected to produce 10 million dal of juice a year.