BRAZIL: AmBev to inject US$140m into brewery expansion
AmBev wants to expand its Lages brewery
AmBev, Anheuser-Busch InBev's Brazilian subsidiary, is to invest US$140m in its Lages brewery in the south of Brazil.
The investment will equip the plant with a production line for returnable 30cl bottles and increase staff numbers from 500 to 600, AmBev said. The subsidiary signed a letter of intent for the investment with local authorities on 19 July.
The brewery supplies three distribution centres in Santa Catarina state, where last year AmBev sold 468m litres, the Brahma brewer said. The centres also supply southern Brazilian states Parana and Rio Grande do Sul.
AmBev's southern regional director, Andrew Stolf, described Santa Catarina as a “strategic state for AmBev”.
In March, AmBev promised to maintain a presence in Venezuela despite the closure of a brewery in the country.
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