Bulgarian brewer Kamenitza has announced plans to invest BGN18m ($13m) in its breweries in Plovdiv and Haskova this year and set aside BGN14m ($10m) to invest in them next year.

With the new investments, the company aims to upgrade and optimise the production process and introduce innovations that relate to the company’s overall growth agenda.

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Kamenitza said it will expand its PET line capacity and install a new type of pasteuriser at the bottling line for glass bottles in Haskovo.

The company has planned a capital investment of BGN68m ($48m) for the past four years, including this year.

Kamenitza is part of StarBev Group, which is controlled by private equity firm CVC Capital Partners.

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