BRAZIL: AmBev to expand bottled water plant
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.
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