AmBev has announced that its total investment in Peru for 2003 and 2004 will total US$80m. The Brazilian brewer began building a new plant in the suburbs of the Peruvian capital Lima earlier this year. It is expected to begin production in the second quarter of 2004.

The investment underlines AmBev's commitment to its internationalisation strategy. AmBev is currently present in most South and Latin American countries.

The beer produced in the plant will be earmarked for the Peruvian market and the markets of the neighbouring countries, according to the company.