You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia's Tuzla brewery to invest 2 mln euro in 2020 - report

Bosnia's Tuzla brewery to invest 2 mln euro in 2020 - report Beer

SARAJEVO (Bosnia and Herzegovina), January 15 (SeeNews) - Bosnia's Tuzla brewery [SAJ:PITZ] plans to invest more than 4 million marka ($2.3 million/2.0 million euro) this year, aiming to increase production by 20% and expand exports, local media reported on Wednesday.

The main focus this year will be on automation and optimitisation of some production lines, along with increasing the production capacity, business news portal quoted the CEO of Tuzla brewery, Fahrudin Salihovic, as saying in an interview. 

"One of the investments planned for 2020 is the expansion of production capacities by replacing the existing fermenters and upgrading the new ones," Salihovic said.  

Tuzla brewery plans to continue exporting its products and conquer new markets abroad in 2020. 

"In January, we plan to start exports to the American market and to continue the collaboration with our distributors in Turkey and Italy," he also said. 

In 2019, Tuzla brewery invested some 5.6 million marka - 3.8 million marka in production and 1.8 million marka in the company's vehicle fleet, said. 

The company's shares last traded on the Sarajevo Stock Exchange (SASE) on December 6, closing unchanged at 8 marka.

(1 euro = 1.95583 marka)