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Drinks

Brazil's Ambev To Invest $430m In New Beer Plants

Ambev SA plans to invest R$2 billion ($432 million) opening new plants in Brazil, where it faces tougher competition as Heineken NV has expanded aggressively.

The company said in a statement released on Sunday 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.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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