February 17 (SeeNews) - Montenegrin alcoholic beverage manufacturer Noblewood Group will open a 25 million euro ($26.6 million) vodka production plant in the southern city of Niksic on March 21, the government said.
“The factory will produce about 30 million bottles of vodka per year, as the expected annual value of exports is 500 million euro,” the government said in a press release on Wednesday.
The company will employ 200 workers at the factory this year, rising staff numbers to 400 by 2025, according to a LinkedIn post by Noblewood Group.
Noblewood specialises in the manufacturing and distribution of strong spirits. It operates in Montenegro and Latvia.
($ = 0.9395 euro)