Spain's Alvisa to build wine and cognac plant in Stavropol territory by 2017
STAVROPOL. July 3 (Interfax) - Spain's Alvisa Group will build a plant to produce wine and cognac in the Mineralvodsky region of the Stavropol territory by 2017, the first deputy head of Stavropol government, Nikolai Velikdan, told journalists on Thursday.
Capex in the project will total 2 billion rubles, and investments will grow by 50% after the plant is commissioned.
The factory will be built using the company's own funds as well as borrowed funds. The lender, loan maturity and interest rate were not disclosed.
Velikdan said that design documentation was currently being prepared and that construction would take three years. Design capacity will be 100,000 decaliters per year. The plant will cover 18 hectares.
According to Velikdan, the region's government will meet on Monday and decided on transferring the section of land for construction from the agricultural category to the industrial category.
Construction will be take place using the company's own resource base. Currently, work has begun on forming new vineyards on 300 hectares of the territory's Alexandrovsky region. In addition, transferring LLC Yantar's farm to the factory is being considered. This plant is located in the territory's Sovetsky region and currently covers 2,000 hectares of land, 600 of which are used for wine production.
Alvisa has three alcohol production plants: CJSC Stavropol Wine and Cognac Plant, LLC Mineralovodskiy Wine Plant (Mineralnye Vody) and Spain's Alcoholes y Vinos S.A.
The group's LLC Torgoviy Dom ALVISA ships products to 78 Russian federal subjects.
Alvisa is an international vertically integrated company that specializes in the production and sale of alcoholic products. Its parent company is Alvisa Alcohol Group (Spain).