Domestic dairy firm Evrofarma has revealed plans to invest up to 5bn drachmas (US$13.3m) between 2002-2004, according to a report in the Naftemporiki newspaper.

The money will be focused on enabling the company to maintain its high growth rate and expand its distribution network. Production units will be upgraded and Evrofarma plans to build a distribution centre in the town of Alexandroupolis.

The company will fund the investment through a share capital increase operation of some 1.5bn drachmas.