British craft beer brewer BrewDog is set to invest £5m in the expansion of its Ellon brewery later in October 2013.
It is also planning to expand its management team, brewery and bars in a move to increase its turnover to £19m in 2013 from £10.8m in 2012.
The company expects to create more than 50 new jobs in the next six months including key management positions.
Besides, the brewery will also open nine new bars in the next six months, including five UK sites, and international bars in Sao Paulo, New Delhi and Berlin.
BrewDog co-founder James Watt said that the media says the beer market is in decline, but it's just being redefined.
"Sales of craft beer are growing and will continue to grow, demonstrating the global thirst for beer with real soul. The craft beer revolution has exploded from its niche starting point to an international movement," Watt added.
