Heineken has announced it will invest BRL 1.5 billion (approx. $299.43 million) in Brazil as part of an expansion plan for its premium and single malt beer portfolios.
The planned investment is intended to boost the brewer’s production capacity for its Amstel, Devassa and namesake Heineken brands, spread across two plants in northeast Brazil, according to Reuters.
Heineken says that spending on its Igarassu plant will triple its capacity for making Amstel and Devassa, while increasing its returnable packaging lines by 45%. The company says the new investment will expand its Alagoinhas brewery’s capacity to produce Heineken by 60%.
The spending plan will also help make water use at the Igassaru brewery more efficient, with the goal to reduce water consumption at the plant by 30% over the next three years.
The beer giant says that Brazilian beer drinkers are among the world’s biggest consumers of Heineken.
By Phoebe Fraser
The drive toward more sustainable food systems requires a multisolution approach that harnesses the power of new technologies like AI to uncover new opportunities, says Florian Schattenmann, Cargill’s CTO and VP of R&D and Innovation.
Outgoing Symrise chief executive Heinz-Jürgen Bertram is retiring after 21 years with the company, handing over the CEO role to Jean-Yves Parisot. Parisot, who will officially step into the new role on 31 March, joined Symrise in 2014 and has been a member of the executive committee since 2016.
The report states that Danone is looking to sell its Russian business to Vamin Tatarstan, a Russian dairy company owned by businessman Mintimer Mingazov. The news comes seven months after Russian President Vladimir Putin ordered the seizure of the French company’s local operations.