BRAZIL: Ambev confirms new Brazilian plant plans

By just-drinks.com editorial team | 9 October 2007

Companhia de Bebidas das Americas (AmBev) has confirmed that it is seeking to build a new plant in north Brazil.

Speaking to just-drinks today (9 October) a spokesperson for the Brazilian brewer declared that, while the company is mulling which northern state to build the facility in, it was hoping to capitalise on growing demand in the region. The spokesperson declined to give further details, or a timescale for a decision.

The spokesperson said: "We are indeed looking to open a new plant, but we are still considering where in north Brazil that will be."

In August, AmBev reported a strong second quarter with consolidated EBITDA reaching BRL1.848bn (US$958m), a rise of 16.5% on the back of another solid performance by it Brazilian division. Net revenue reached BRL4.5bn, up 12.1%, the company said.

The InBev-owned Latin American brewer said that its subsidiary Qunisa - as well as its Canadian operations - performed well, with EBITDA up 23.5% and 12.9% respectively.

Sectors: Beer & cider

Companies: AmBev