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 Brazils 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.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .