Sumolis has reported its intention to invest in Brazil next year. The Portuguese soft drink and beer producer said on Monday that its investments for 2003 and 2004 will total €4.7m (US$5.9m).

The main areas that the company will concentrate on are industrial installations (€3.2m) and marketing (€1.5m). The investments will be financed by the Brazilian National Social and Economic Development Bank, investors and shareholders, Sumolis said.

Sumolis will also acquire a 50% stake in Brazilian Portugese fruit drinks manufacturer Brassumo.The manufacturer will open a new fruit juice producing plant near Rio de Janeiro in the first quarter of next year.