Kamenitza to expand production capacity

23 October 2011 (Last Updated October 23rd, 2011 18:30)

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.

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.

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.