Project start: 2005
About the Company:
In mid-2005, A1 Group acquired more than 97% of PivoIndustry Primorya (PIP) from Wimm-Bill-Dann and Sun Interbrew. PIP’s capacity was just 700,000 decaliters. The brewer produced cheap local brands and the pan-Russian Zhigulevskoye brand. In early 2005, PIP was on the verge of bankruptcy and production had stopped.
Investment Idea of the Project:
Creation of an industry leader in the Far East of Russia market.
Role of the Investor:
Crisis measures were taken: the financial situation was stabilized, new management was recruited, production was launched, and the business was restructured. International Finance Corporation (IFC) became our partner in this project and provided a loan of Euro 7,5 million for the plant’s long-term development and invested another US$ 5,3 million into the share capital. At the moment the plant is being reconstructed, this will lead to increase of capacity, which will reach 1.8 million hectoliters per annum.
About the Company:
In mid-2005, A1 Group acquired more than 97% of PivoIndustry Primorya (PIP) from Wimm-Bill-Dann and Sun Interbrew. PIP’s capacity was just 700,000 decaliters. The brewer produced cheap local brands and the pan-Russian Zhigulevskoye brand. In early 2005, PIP was on the verge of bankruptcy and production had stopped.
Investment Idea of the Project:
Creation of an industry leader in the Far East of Russia market.
Role of the Investor:
Crisis measures were taken: the financial situation was stabilized, new management was recruited, production was launched, and the business was restructured. International Finance Corporation (IFC) became our partner in this project and provided a loan of Euro 7,5 million for the plant’s long-term development and invested another US$ 5,3 million into the share capital. At the moment the plant is being reconstructed, this will lead to increase of capacity, which will reach 1.8 million hectoliters per annum.
| Information is available by phone: +7 (495) 967-0000 |