E.Tsantalis, the Greek wine and spirits producer, wants to invest €5.0m (US$6m) between 2004 and 2006 in an effort ot increase production.

Greek press reports said the winemaker would use the money specifically to modernise its technological equipment and expand its wine making factory in Rhodope, northern Greece.

In order to raise the money, the company is planning to seek a subsidy under the Agricultural Ministry's Development programme.

Tsantalis produces 18m bottles of wine a year in seven Greek regions.