ARG: Quinsa plans beer, soft drink investment
Latin American brewer Quinsa is reportedly planning to build a new plant in the Argentinian region of Tucuman.
Quinsa, in which InBev owns a 91% stake, also plans to boost capacity at its plant in Buenos Aires to increase production of soft drinks.
Local newspaper El Cronista said yesterday (4 October) that Quinsa has also earmarked US$8m for investment into flavoured waters through its joint venture with French giant Nestlé.
Officials for AmBev, the Latin American unit of InBev, could not be reached for comment as just-drinks went to press.
In August, InBev raised its stake in Quinsa to 91.18%. The company dominates beer markets in Argentina, Uruguay, Paraguay and Bolivia as well as holding the local PepsiCo franchise.
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