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Heineken to invest $180 mln in Volga brewery in 2008-2009

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NIZHNY NOVGOROD, March 20 (RIA Novosti) - Heineken, a leading global brewing company, plans to invest 117 million euros ($180 million) in Russia's Volga brewery in 2008-2009, the head of the Russian company said on Thursday.

"During the coming two years, we plan to build new bottling shops, a brewing complex, water treatment facilities, warehouses and a boiler," Giya Meskhi, general director of the Volga brewery said.

According to Meskhi, the investment will allow Heineken to boost its production capacity from the current 2.2 million to 5.2 million hectoliters.

The Volga brewery joined Heineken group of companies in August 2004 and launched large-scale modernization in 2005.

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