ROMANIA: Ursus producer invested 7 million euros in its plants in 2016 | Progresiv

Ursus Breweries, the largest player in the local beer market, invested 7 million euros last year in the refurbishment of its three production units fromTimisoara,Buzau andBrasov, according to the company's recently published sustainability report.

At the end of March, Ursus Breweries officially became part of Japanese group Asahi, who completed the acquisition of SABMiller's former business operations and brands owned in Central and Eastern Europe, which include businesses in the Czech Republic, Slovakia, Poland, Hungary and Romania . Thus, 2016 was practically the last year that Ursus Breweries activated under giant SABMiller’s umbrella.

"We will further develop what Ursus Breweries has already built in Romania: a solid production base, a strong portfolio of brands, including both symbolic brands with a strong Romanian tradition, as well as important international brands and an extraordinary local team. We will continue to make every effort to become the most admired beer company in Romania" said Igor Tikhonov, President of Ursus Breweries, at the time of the official takeover.

According to the latest reports, Ursus Breweries ended 2015 with a turnover of 1.58 billion lei (355 million euros) and a profit of 44 million lei (about 10 million euros). The producer owns brands such as Ursus, Timisoreana, Ciucas, Grolsch, Peroni or Redd's.

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