Baltika Breweries
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Native name | Балтика |
|---|---|
| Type | Limited liability company |
| Industry | Beverages |
| Founded | 1990 |
| Headquarters | Saint Petersburg, Russia |
Key people | Denis Sherstennikov (President) |
| Revenue | RUB 89.3 billion (2012) |
| RUB 6.3 billion (2012) | |
Number of employees | approx. 9000 |
| Parent | Baltic Beverages Holding (part) |
| Website | www |
Baltika Brewery (Russian: Пивоваренная компания "Балтика") is the second largest brewing company in Europe[1] and the leader of the Russian beer market with over 38% market share. It is headquartered in St. Petersburg and part owned by the Baltic Beverages Holding.
The Baltika brand was one of the two Russian brands (together with Lukoil) included in the Financial Times Top100 Most Valuable Global Brands list in 2007. However, Baltika was not included on the list in 2009. Baltika is one of the top three brands in the Interbrand Best Global Brands 2012 report.
History[edit]
Baltika Breweries launched production in St. Petersburg in 1990. It was co-founded by Afghan-born Naif Achakzai and Nikita Kefirov. After privatization in 1992, the company was reorganized into an open joint stock company. In 1993 Baltic Beverages Holding Brewing Concern became the company's largest shareholder. In 1998, the name of the enterprise was changed to Open Joint Stock Company Baltika Breweries. 2000 saw the opening of the largest Soufflet Malting Plant in Russia built by Baltika in St. Petersburg, together with the French company "Groupe Soufflet", which invested approximately $35 million in the project and received 70% ownership of the plant. Baltika covered the rest of the expenses and received 30% of the shares.
The company listed on the Rts stock exchange in September 2001; by January 2002 it had reached a market capitalization of $1.3 billion.[2]
At the end of 2006, Baltika merged with three Russian breweries, Vena, Pikra, and Yarpivo, and in 2007 they became one legal entity.[3]
In April 2008, Baltic Beverages Holding bought a stake in Baltika.
Following the stake bought in Baltika by Baltic Beverages Holding, Baltika delisted from the Moscow stock exchange in October 2012.[4]
Capacity[edit]
Baltika's monthly production capacity is over 5.2 million litres. The company portfolio includes more than 30 beer brands and nine non-beer brands available in 98% of the points of sale around Russia. According to company data, in 2012 its products were exported to over 60 countries around the world, including countries of Western Europe, North America and the Asia-Pacific region.
Company structure[edit]
The company employs approximately 9000 people. In 2012 Baltika sold 34.6 million hectolitres of beer. Total sales abroad amounted to 2.8 million hectolitres including licensed production. This is 7.5% of the total company sales. This figure also includes sales of the company's brands in the licensed markets. Baltika's brands are produced under the license in Ukraine, Kazakhstan, and Azerbaijan. Baltika No. 3 is the only Russian beer produced under contract in Germany.[citation needed]
According to Russian accounting standards, Baltika's revenue in 2012 amounted to approx. RUB 89.3 billion; net profit was RUB 6.3 billion. Year-end 2012 Baltika's share in the Russian beer market was 38.2% (according to AC Nielsen). The volume of total tax deductions to all budget levels and non-budget funds amounted to RUB 60.2 billion in 2012.[citation needed]
Owners and management[edit]
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The Scandinavian brewing concern Baltic Beverages Holding continues to own Baltika through Carlsberg.[5]
Production sites[edit]
The company has several production sites:
- Headquarters and Baltika – St Petersburg brewery
- Baltika-Baku brewery (Baku, Azerbaijan)
- Baltika-Voronezh brewery
- Baltika-Novosibirsk brewery
- Baltika-Rostov brewery
- Baltika-Samara brewery
- Baltika-Tula brewery
- Baltika-Khabarovsk brewery
- Baltika-Yaroslavl brewery
See also[edit]
References[edit]
- ^ "The Second Largest Brewery in Europe". www.panorama.com. Panorama. Archived from the original on 17 June 2016. Retrieved 28 July 2015.
- ^ ""Балтика" дороже всех". Газета "Коммерсантъ С-Петербург". 21 January 2002. p. 2. Retrieved 29 August 2017.
- ^ "The successful merger of Baltika, Vena, Yarpivo and Pikra companies made it possible to achieve high financial results in 2006". eng.baltika.ru/. Baltika. Retrieved 15 March 2007.
- ^ "Carlsberg says gets approval for Baltika delisting". Reuters. 2012. Retrieved 29 August 2017.
- ^ "About us -- History -- Baltika Breweries". Baltika Breweries. Retrieved 28 May 2021.