Sector News

Heineken to sell off production facility in Kaliningrad, Russia

October 3, 2017
Consumer Packaged Goods

Heineken has announced it plans to sell its production site in Kaliningrad, Russia, as it aims to raise RUB 250 million ($4.3 million).

Production at the site in the Russian enclave were reportedly stopped in January as a result of sustained inflation, unfavourable exchange rates, low consumer confidence and high price competition.

Heineken said in a statement: “We have a sober estimate of the economic situation in the country as a whole and in the region in particular.”

The site consists of warehouses and five plots of land with a total area of 7.2 hectares. Heineken said its aims to use the money from the sale to invest in other projects.


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