AmBev to crank up production

AmBev to crank up production

Brazilian beverages giant AmBev is to invest BRL152m (US$84m) to expand production at a bottled water plant in the country.

AmBev said yesterday (29 June) that it will use the funds to expand production at its Viamão-based Águas Claras do Sul unit by 30% this year, to 9.9m hectolitres of water.

The spend is part of a BRL2bn investment round that is intended to increase AmBev's total beverage output by at least 10%, said the group, which is a subsidiary of Anheuser-Busch InBev.

However, AmBev said that its investment plan is "conditional" on the Brazilian Government maintaining taxes at the current level.