BRAZIL: Schincariol plans brewery investment - report

By just-drinks.com editorial team | 20 March 2007

Brazilian brewer Schincariol brewer is reportedly investing some US$30m to boost capacity at its plant in the town of Alagoinhas by 25%.

A report in Brazilian business daily Valor Economico said yesterday (19 March) that the project would lift the brewer's spending in the north-east of the country to BRL200m (US$96.3m).

After the investment, the Alagoinhas brewery, in the Brazilian state of Bahia, will be Schincariol's second-largest brewery in Brazil, the report said.

Last month, Schincariol appointed Fernando Terni as its CEO. Terni joined the brewer from Nokia, where he spent last five years heading up the mobile phone company's Brazilian operations.

In January, Schincariol bought local craft brewer Baden Baden for an undisclosed sum.

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