E-Malt.com News article: 2105

Latvian brewery, Kimmels Riga, has recently revealed that it plans to increase its turnover in 2004 by 7% to 10% to exceed LVL2m (US$3.75m). It also intends to export 1.6 million litres of beer to Great Britain in 2004. The company will start exporting beer to the UK in accordance with an official agreement it signed with “Baltic Food & Beverages Ltd.” at the beginning of January. Four brands, all in glass bottles: Kimmel Premium, Kimmel Rigas Originalais, Kimmel Stiprais and Kimmel Tumsais, will be exported. The beers to the UK will account for around 20% of the brewery’s production. Until now, only 1% of Kimmels Riga’s products had been for export.

Kimmels Riga registered a turnover of about LVL2 million in 2003, 7% higher than in 2002, when it posted a net turnover of LVL1.927m with losses of LVL0.944m. In 2003 Kimmels Riga controlled 4.2% of Latvia's beer market.


30 January, 2004