Compania Cervecerias Unidas (CCU) is considering entering the Brazilian market, according to press reports. The Chilean beverage maker, which has brands in the beer, soft drink, juice, mineral water and wine markets, is thinking about branching out of Chile and Argentina.

Chilean newswire ValorFuturo yesterday quotes president of Quinenco, CCU's controlling shareholder in its story. "In the future there might be news on the matter," said Guillermo Luksic.

Last week, CCU posted a rise in Q4 sales volume. The brewer, Chile's largest, said that sales in the fourth quarter of 2003 climbed by 8.9% year-on-year. The company credited sales growth in almost all of its beverage products in Argentina and Chile.