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Belgospischeprom’s companies increase investments in fixed assets by 78.2% in H1 2009

In H1 2009, companies of the Belgospischeprom Concern increased investments in the fixed assets by 78.2% as against the same period last year, Head of the Belgospischeprom Concern Ivan Danchenko told reporters on 31 July. 

In January-June 2009, Belgospischeprom’s companies invested Br214.95 billion in the fixed assets. They attracted foreign investments at the amount of $19.9 million. “The investments growth rates in the food industry are not reduced despite the financial crisis,” the specialist underscored. 

The investments are assigned for technical renovation and modernization of companies of the Belgospischeprom Concern. “For instance, Belsolod will invest around Br70 billion to expand the production of malt. It will be an up-to-date production facility that will use German technologies for brewing barley processing,” Ivan Danchenko said. The project will help Belsolod increase its export potential. Belsolod is going to export malt to Russia, Central Asia and Transcaucasia. “Austrian breweries also showed their interest in the Belarusian malt,” he added. 

In H1 2009, Belarusian breweries produced 16.6 million decalitres of beer, or 90.4% as against the same period last year.

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