French group Castel is eyeing further development in Algeria having invested close to €100m in the country's soft drinks and beer segments in less than two years, French newspaper La Tribune reports.

According to the report, nearly half of the investment went on the construction of a soft drinks plant at Tlelat, near Oran, trading under the name of the Société des Boissons de l'Ouest (SBO).

In May 2003, The French group also launched Société des Nouvelles Brasseries d'Oran (SNB) brewery and followed this up by spending almost €20m on a 67% stake in local brewer, L'Algérienne Bavaroise, based in Annaba.

This was preceded by Castel taking control of the Skikda Bottling Company and becoming a Coca-Cola bottler for the Algerian market.

Castel has indicated that more investment could follow if the market warrants  it - through extending production capacity of the Algérienne Bavaroise and the possible acquisition of  public sector-run  plants.