OREANDA-NEWS. December 1, 2011. Belarusian OJSC Olivaria brewery has invested Br10.591 billion (USD 1.209 mln at the NBB exchange rate) to improve production, logistics and sales, Olivaria’s General Director Mikhail Chechenev told reporters.

Furthermore, Olivaria plans to boost its production capacity in 2012, Chechenev said without mentioning any figures.

By accelerating its production capacity, the company hopes to intensify exports, Chechenev said.

The markets of Belarus’ closest neighbours have the greatest appeal for Olivaria, Chechenev said.

“If we had had more beer for sale, we would have sold much more this summer, both in Belarus and overseas markets”, Chechenev said.

Premium beer constitutes the bulk of Olivaria’s export products, the company director said.

At the moment, Olivaria has around 20 export contracts with foreign partners. In October 2011 the Belarusian brewery started shipping premium beer to Moldova.

Olivaria was founded in 1864 and transformed into a joint stock company in 1994. In December 2006, Sweden’s BBH acquired a 30% stake in Olivaria by purchasing an additional issue of shares for U.S. USD 18.5 million.

Olivaria became part of Carlsberg A/S in May 2008.