US brewing giant Anheuser-Busch is to launch Budweiser in Paraguay.

The brewer has teamed up with local drinks group Bebidas del Paraguay, which will import and distribute Bud throughout the Latin American country.

Budweiser sold through Bebidas del Paraguay will be brewed and packaged by the Argentina-based subsidiary of Compañía Cervecerías Unidas (CCU) in Santa Fe. CCU currently brews Budweiser and distributes the beer throughout Argentina.

Esteban Amoia, regional marketing manager, South America, at Anheuser-Busch International said: "Paraguay is an important beer market, as industry volume has grown more than 10 percent annually during the past two years. Budweiser already enjoys a strong brand image due to its past presence in the market and our research shows a growing interest in premium international beers." 

Bebidas del Paraguay is the beverage division of the Palermo Group, a company that also has business interests in finance, beef production, aviation, sports management and tobacco.