BRAZIL: Sumolis to invest in Brazil next year
Sumolis has reported its intention to invest in Brazil next year. The Portuguese soft drink and beer producer said on Monday that its investments for 2003 and 2004 will total €4.7m (US$5.9m).
The main areas that the company will concentrate on are industrial installations (€3.2m) and marketing (€1.5m). The investments will be financed by the Brazilian National Social and Economic Development Bank, investors and shareholders, Sumolis said.
Sumolis will also acquire a 50% stake in Brazilian Portugese fruit drinks manufacturer Brassumo.The manufacturer will open a new fruit juice producing plant near Rio de Janeiro in the first quarter of next year.
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Analysis - Remy's Cognac "dead-cat bounce"
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- Whisky downturn slows Diageo's Scotch spend
- Beam Suntory, Edrington part ways in Travel Retail
- Pernod Ricard sees sales lift in Q1
- Smirnoff Ice gets India launch