Carlsberg Breweries A/S it is to invest about EUR 30.7 million ($ 30 million) in upgrading production facilities at its two recently acquired brewing subsidiaries in Bulgaria, Shumensko Pivo and Pirinsko Pivo. Both breweries are being upgraded to prepare for the production of Carlsberg’s leading brands, Carlsberg and Tuborg, scheduled to start in summer 2003.

Carlsberg is reinforcing Pirinsko Pivo in the southwestern region of Bulgaria and plans to develop Shumensko Pivo as a premium national brand.

Carsberg holds 59.4% share in Shumensko Pivo, acquired in June and 67% participation in Pirinsko Pivo purchased in early August this year.

30 August, 2002