Coca-Cola Hellenic Bottling Company is planning to invest in its Serbian mineral water subsidiary Vlasinka.

Speaking to just-drinks today (23 July) a spokesperson for CCHBC said: "During 2007 CCHBC will invest EUR3-4m (US$4.1-5.5m) into new production capacity."

The company, which acquired Vlasinka two years ago for EUR21.5m, said that it has "invested more than EUR3m into production facilities and equipment to bring them up to Coca-Cola standards."

CCHBC is one of the world's largest bottlers of Coke products and has operations in 28 countries. Its shares are listed on the Athens Stock Exchange, with secondary listings in London and Australia.