Russia: Heineken seeks 20% market share

Heineken Russia plans to control at least 20 percent of the country's beer market by 2009 after modernizing a Siberian unit, Vedomosti reported April 3.

The company invested 755 million rubles ($29 million) from October 2004 to March 2007 in a brewery in Novosibirsk and plans to spend 545 million rubles more on the plant by the end of 2008, the newspaper said Monday, citing Alexei Chernyayev, director for operations.

04 April, 2007