Moskovskaya Vodka owner Amber Beverage Group (ABG) has completed the first phase of its ‘state-of-the-art’ warehouse project in Riga, Latvia.
In April this year, ABG issued €30 million (US$33.2m) worth of bonds to fund its automated, high-bay warehouse project.
The warehouse is being built in partnership with AI Engineering specialists, with ABG investing more than €33m (US$39.5m) in the project.
ABG said the project is ahead of schedule with the first phase being completed a month earlier than planned.
The foundations of the site have nearly been completed, which means that work can now begin on creating the warehouse building for the automated pallet racking system and the conveyer system area, ABG said.
The new facility will increase warehouse capacity by around 30%, from 25,000 pallets to 35,000 pallets.
The completion of the first phase of the project was marked with a ceremony led by Arturs Evarts, ABG board member; Sandris Apsītis, chairman of the board of Aimasa, the main construction partner; and Lada Kaļiņina, general manager for the Baltic division of Jungheinrich, which is providing €15m worth of technology.
Evarts said: “This facility will serve as the company’s global logistics hub, enhancing services for partners and customers across over 160 countries through advanced automation and driving efficiencies. The initiative reflects our commitment to cutting-edge technology and streamlined operations in the realm of international logistics.”
He added that the project “marks a cornerstone for the group’s long-term productivity and competitive advantage, fortifying our regional standing and providing a secure foundation for expanded international operations and sustained business growth in the years ahead”.
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Author: Nicola Carruthers