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Thursday, 28.03.2024, 16:25
Uzavas Alus brewery to invest more than EUR 2 mln in increasing production capacity
He said that
the company has announced a tender at the internet website of the Procurement
Monitoring Bureau on construction of auxiliary premises and brewing equipment
for about EUR 2.5 million. "The project should increase the production
capacity," said Pumpurs.
He said that the foundation stone should be laid in December, and the new equipment should be installed in March 2018.
Also, Uzavas Alus in the future plans to
build a cogeneration plant so that the company does not have to purchase
electricity for high prices.
In July this year Uzavas Alus announced that it plans
to invest about EUR 2 million in development. The company also plans to attract
co-financing from the EU structural funds.
In 2016 Uzavas Alus generated EUR 3.214
million in turnover, up 0.6% from a year ago, while the company’s profit was
EUR 18,519 in contrast to a loss a year ago, according to Firmas.lv business
database.
The company was founded in 1995 and its share capital
is EUR 298,802. The company belongs to Uldis Pumpurs (1%) and Oskars Pumpurs (99%).