# Heineken to invest $300 million in Brazil to expand premium beer portfolio
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-05-05
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Heineken invests $300 million in Brazil for beer portfolio
Meta Description: Heineken NV to invest 1.5 billion reais ($300.8 million) in Brazil to boost production capacity for Amstel, Devassa, and Heineken brands.
URL: https://financedigest.com/heineken-to-invest-300-million-in-brazil-to-expand-premium-beer-portfoliohtml

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# Heineken to invest $300 million in Brazil to expand premium beer portfolio

SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais ($300.8 million) in Brazil as part of an expansion plan for its premium and single malt beer portfolios.

Brazilian beer drinkers are among the world’s biggest consumers of Heineken, according to the company.

The planned investment aims to boost the brewer’s production capacity for its Amstel, Devassa and namesake Heineken brands, spread across two plants in northeast Brazil, the company said in a statement.

Heineken said spending on its Igarassu plant will triple its capacity for making Amstel and Devassa, while also increasing its returnable packaging [lines by 45%](https://www.financedigest.com/gas-insulated-transmission-line-market-expand-at-a-healthy-cagr-of-4-5-over-2021-2031.html "Gas Insulated Transmission Line Market Expand At A Healthy CAGR of 4.5% Over 2021-2031").

The company’s Alagoinhas brewery is seen [expanding its capacity to produce Heineken by 60% with the new investment](https://www.financedigest.com/pfizer-to-invest-more-than-2-5-billion-to-expand-european-manufacturing.html "Pfizer to invest more than .5 billion to expand European manufacturing").

The spending plan will also help make water use at the Igarassu brewery more efficient, including a goal to reduce water consumption there by 30% over the [next three years](https://www.financedigest.com/suedzucker-expects-to-raise-its-sugar-prices-again-next-year.html "Suedzucker expects to raise its sugar prices again next year"), the company said.

($1 = 4.9864 reais)

(Reporting by Paula Arend Laier; Writing by Carolina Pulice; Editing by David Alire Garcia and Bill Berkrot)


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