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International Internet Magazine. Baltic States news & analytics Sunday, 09.08.2020, 23:25

Amber Beverage Group to invest up to EUR 30 mln in warehouse in Riga

BC, Riga, 21.05.2020.Print version
Amber Beverage Group plans to build a warehouse near the territory of the Riga port, investing up to EUR 30 million in the project, the company's representatives said, cites LETA.

Amber Beverage Group financial director Jekaterina Stuge said that Amber Beverage Group has established ABG Real Estate company who will deal with development of the project. The decision was made already before the Covid-19 crisis in order to make logistics processes more efficient, optimizing costs, and the Covid-19 crisis has proved that this decision has been right.

The territory will cover 8.9 hectares, and the new project will merge three current Amber Beverage Group's warehouses in Riga.

The project should be completed in two to three years.

Amber Beverage Group (ABG) is a leading producer, distributor, logistics provider and retailer of beverages. It operates internationally from its head office in Luxembourg and through its production and distribution companies in Russia, Mexico, the UK, Austria, Australia and the Baltics, its historical home.

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