Банкеръ Weekly

Briefs

SIS INDUSTRIES TARGETS THE EUROPEAN MARKET

Vinprom Karnobat, owned by SIS Industries, plans to drastically increase exports, especially to the European market, the company's new CEO Kirko Kirkov announced at a press conference on January 12. The winery in which BGN6MN was invested last year with assistance under the EU's SAPARD programme, is technologially prepared for the challenge, its manager pointed out. Thanks to the investments, the enterprise's capacity was doubled and 6,000,000 litres of wine will be produced from the 2003 grapes crop, the Marketing Director Margaritta Metodieva specifies. With financing from SAPARD SIS Industries projects to increase its own vineyards to 10,000 dca by the end of 2006. This is part of the company's new strategy for expanding its market presence, Mr. Kirkov added.

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