Russia: OAO Russky Solod, a subsidiary of Avangard Bank, launched a malting plant in Elevatorny community of Voronezh region. According to the bank’s press the new plant has a production capacity of 100 thousand tonnes per annum that will provide an output of 500 million litres of beer. They built the plant in two years and invested about US$ 40 million. The plant has an average area of 18 thousand m2.

Now Avangard Bank is financing the construction of three malt plants in Russia: in Moscow, Voronezh and Orlovsk regions. The plant in Voronovo community, Moscow region is already active. The bank has already started to work under building the third malt plant in Zmievka community, Orlovsk region. They has also decided to build the forth malt plant.

18 June, 2004