Kazakhstan: BBH’s Ak-Nar brewery announces boost in sales
Ak-Nar brewery from Kazakhstan which is part of the Baltic Beverage Holding, increased its beer output 62.6 % year-on-year to 26.9 million liters in the first half of 2005, the company reported on August 24.
An Ak-Nar representative said "At the beginning of July, the company's share on the market was 18.8 per cent." The brewer stated that US$30 million would be invested in production in 2005. Earlier the compnay said that it plans to increase production 70 %to 67.347 million liters in 2005.
This brewery merged at the end of 2003 with Irbis to form an enterprise called Ak-Nar. As a result, Kanon became the owner of4%, the Kazakh corporation Tsesna 6% and %and the Baltic Beverage Holding 90 % of the company's capital.
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