CZECH: Budejovicky Budvar doubles investment in 2011
Czech brewer Budejovicky Budvar is on-track to invest CZK400m (US$21m) in its business in 2011, twice as much as in 2010.
According to the company's spokesperson, Petr Samec, half of this investment has been used to buy an extra 1m cases in order to expand distribution of beer. The move will help the group to increase supplies of beer in several key markets, including Germany, Austria, Slovenia and Slovakia, Samec told just-drinks today (16 November).
The company’s second biggest investment this year, of CZK140m, has been on the extension of a bottling line. By the end of November, Budvar will also put into operation a racking line, worth around CZK4m, that will be able to fill 300 five-litre kegs per hour.
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