20 October, 2006

Russia: Baltika aims to increase share on Russian beer market to 40%

Baltika Breweries is planning to acquire a roughly 40% share of the Russian beer market, Grigory Kharenko, Baltika manager for work with investors, said at a conference, Interfax communicated October 18.

The company currently has a 36% share on the beer market and the company's strategic goal is to increase that figure to 40%, he said.

Baltika, which was founded in 1990 and is one of Russia's largest beer producers, has breweries in St. Petersburg, Tula, Rostov-on-Don, Samara and Khabarovsk. Baltic Beverages Holding owns more than 80% of shares in Baltika.

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