Belarusian privately-owned joint venture Syabar Brewing Company, located in the city of Bobruisk, in Mogilev Region, plans to increase monthly beer output capacities by 82% to 1 million decaliters, the chairman of the supervisory council of the brewery, Sergei Levin, told a press conference on Wednesday.
“We plan to produce more than 12 million deciliters of beer a year. We’ll finish the last U.S. $10 million phase of reconstruction this July. We used foreign investment, loans and our own funds. We reinvest all our profit in production,” said Levin.
New European equipment has been installed in all departments of the company. For instance, Danish carbon dioxide recuperation system and tanks, and a German malt feeding line were installed.
Syabar plans to install a new carbon dioxide collection system as part of the energy-saving plan to gather, recycle and use again the already used carbon dioxide. Syabar now buys carbon dioxide from Russia. As a result, the company “will be able even to sell its carbon dioxide to someone in Belarus,” Levin said.
Syabar Brewery CJSC JV (previously known as Belarusian Brewery CJSC JV) was registered in February 2004. The company was set up by Detroit-Belarus Brewing Company LLC (DBB Company), whose founders are American investment group Detroit Investment Ltd. and the International Finance Corporation, and Dednovo OJSC (Bobruisk, Mogilev Region).
As formerly reported by Interfax, in June 2005 the IFC agreed to contribute $3 million to Detroit-Belarus Brewing Company’s authorised stock and grant a $7 million loan to Belarusian Brewery CJSC. Detroit-Belarus Brewing Company and Belarusian Brewery CJSC participated in the privatisation of Dednovo OJSC.
The company has $8.2 million in statutory capital and over $23 million in assets.