Russia's leading premium sparkling wine producer Abrau-Durso may raise revenues by 30 percent in 2011 year-on-year to 3.5 billion rubles, the company's sole owner Boris Titov said on Saturday.
"Next year, we plan to boost the output up to 30 million bottles. At the moment our capacities enable to produce 22 million bottles a year," Titov said on sidelines of a wine festival.
This year, Abrau-Durso's sparkling wine production will amount to 16.5 million bottles, he said. After company reaches 30 million annual output it plans to stop raising production volumes of sparkling wine.
"We can afford this volume in Russia for our prices, then we will develop still wine in our production site in Gelendzhik and will launch production of premium and sub premium still wines, most likely in 2013," said Titov.
The company also mulls to invest in leasing vacant vineyards in South Russia's village of Abrau Durso.
