Heineken to pour $183 million into expansion in Brazil
SAO PAULO (Reuters) – Heineken NV (HEIN.AS) will invest 865 million reais ($183.14 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world’s two largest beer makers bubbles up.
The Dutch brewer will make the investment this year and next and focus on it Heineken and Amstel brands at the third-largest brewing facility in Parana state in Brazil, its most important market worldwide.
By Alberto Alerigi via Reuters