Brazil: Ambev planning 2 bln reais investment in new plants in Brazil
Ambev SA plans to invest 2 billion reais ($432 million) opening new plants in Brazil, where it faces tougher competition as Heineken NV has expanded aggressively, the Financial Post reported on March 9.
The company said in a statement released on March 8 that it will open a new brewing plant in Brazil’s northern region, a malting factory in the southeast, a can producing unit and additional premium beer production lines.
Ambev said the investment represented part of its goal to grow its pure malt portfolio.
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