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Sep 27, 2007 15:14 EEST
September 27 (SeeNews) - Dutch Heineken's Zagorka Brewery in Bulgaria said on Thursday it plans to invest some 15 million euro ($21.2 million) in 2008 to boost its capacity.
“Zagorka plans a capacity increase under an ambitious investment programme […] in 2008 will be invested some 15 million euro, twice as much as in 2007, “ the company said in a statement.
Zagorka plans to build a new storage facility, to increase the volume of its fermentation tanks by buying four new units and to upgrade its labeling line.
Zagorka retained its leading position in the southeast European country with sales of over 1.26 million hectolitres in the first eight months of the year, up 15.5% on the year. Its market share on the Bulgarian beer market is over 30%.
The company posted a 3.9 million euro pre-tax profit for the first half of the year. No comparative figures were immediately available.
Heineken sells the Zagorka, Amstel, Heineken, Murphy's, Kaiser, Ariana and Stolichno beer brands.
(1 euro = 1.95583 Bulgarian levs)
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