Heineken to invest about 110 million pounds in Brazilian plants - statement

FILE PHOTO: Heineken logo is seen at the company's building in Sao Paulo, Brazil April 30, 2019. REUTERS/Amanda Perobelli - Copyright AMANDA PEROBELLI(Reuters)

By Reuters

Published on 30/05/2019 - 17:34•Updated 09/12/2019 - 11:07

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SAOPAULO (Reuters) – Heineken NV will invest 550 million reais (110.06 million pounds) to renovate four of its plants in Brazil, the company said in a statement.

Heineken will renovate plants in the cities of Araraquara, Itu and Jacarei, and a microbrewery in Campos de Jordao, all in Brazil’s most populated state, Sao Paulo. The company will also open a new distribution centre in the state.

Newspaper Folha de S. Paulo reported the investment earlier on Thursday.

(Reporting by Alberto Alerigi; Writing by Tatiana Bautzer; Editing by Susan Thomas)

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