Byelorussia : The malting plant “Belsolod” gets a refusal for the project to build a brewery on its site

The prepared business-project concerning the building of a new brewery with a designed yearly capacity of 4 million Hl of beer on the site of the joint stock company "Belsolod" which is the only producer of the malt in Byelorussia, did not pass the preliminary examination at the concern "Belgospishcheprom". The project was not supported also at the Byelorussian Ministry of Economy. The specialists considered the investments of approximately 25 million EUR as not sustainable.

The management of "Belsolod" made the project considering that the enterprise, having its malt house, "it is simply obliged to produce beer", and this will allow it to get rid of the surpluses of finished
production. However, government experts did not find the arguments of "Belsolod" convincing especially when the debts of the company are of about 40 billion. BYR

The Ivanovskiy malting plant has operated since 1989. In December 1995 it was transformed in the joint stock company "Belsolod". The capacity of the enterprise are of 65 thousand tonnes of malt per year. In the structure of joint-stock capital 57,4% actions belong to state, about 20% - to working collective, the rest - to other physical persons. The staff is of 425 workers.

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