Ambev will invest $400 mn in Brazil

Ambev announced that will invest more than R$2 billion ($400 million) in Brazil in the coming months. The funds will go to a malt area in the Southeast, a brewery in the North and a can factory. The company says that the new industrial units will help to release the growth of the premium portfolio, its main expansion line. In 2019 Ambev earned R$12.2 billion ($2.4 billion), an increase of 7.4% compared to 2018.

Source: Folha