Wednesday, March 28, 2007

AmBev to invest $2.4 billion in Brazil over 5 years

(Reuters) - AmBev said it needed the record level of investment to expand its production capacity, especially in northeastern and central-western Brazil to take advantage of the country's accelerating economic growth and growing beverage market.

"It is the biggest investment announced by the company since Ambev's creation" nearly seven years ago, the statement said.


Read more at Reuters.com Business News

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