Budweiser Budvar Brewery has been one of the most successful food processing enterprises in the Czech Republic in the long term. Founded in 1895 under the name of the "Czech Joint-Stock Brewery", it brewed its first batch on 7th October 1895. The brewery directly followed the historical tradition of brewing in the town of Ceske Budejovice (Budweis) dating back to the 13th century - therefore to the days of the town's origination when it was granted the brewing right. By the end of 1896, the brewery's overall production reached 51,100 hectolitres of beer. Since its founding, the "Czech Joint-Stock Brewery" focused on making top-quality beer, which soon became a sought after export commodity.