Belarusian privately-owned joint venture Syabar Brewing Company is planning to launch exports of trademark beer in 2007, chairman of the company's supervisory board Sergey Levin told a news conference.
As formerly reported by Interfax, the company started to produce Syabar beer this summer. The Annual capacity of the brewery is 12 million decalitres of beer.
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.
In January-July 2007 the company produced 3.4 million decalitres of beer, or 81.6% up on the year.