OREANDA-NEWS. May 27, 2010. Belarusian OAO Brest beer brewery plans to attract foreign direct investments (FDI) for further development of the company, Brest beer General Director Oleg Kisel told reporters.

“There are direct instructions from the owner about FDI. Any foreign company having a solid business plan may act as an investor,” he said.

According to Kisel, investments are required to upgrade the brewery, develop retail and logistical schemes.

Ukrainian Obolon brewery might become a potential investor. The Ukrainian company in April started production of its beer at OAO Brest beer facilities.

“We have started brewing Desant brands, and we may continue producing other brands or cooperate in other areas,” said ZAO Obolon shareholders' council chairman Sergei Boschanevich.

OAO Brest beer business plan envisages investments amounting to 20 million euros.

“So far investments have amounted to over 13 million euros. We require direct investments now, because we cannot borrow anymore, we need to repay. But we cannot fail to keep investing, because there are issues we need to tackle. I hope we will have such a partner,” Kisel said.

The capacity of the brewery increased to 4.5 million decaliters annually from 1.8 million decaliters as a result of the first two stages of reconstruction. The company was using a Priorbank loan amounting to 6 million euros and a budget loan of about 7 million euros.

In August 2010, the brewery will have repaid the Priorbank loan.

Brest beer was founded in 1967. In January-April, the company reduced beer output 4.7% on the year to 666,000 decaliters.