Ambev SA plans to invest R$2 billion ($432 million) opening new plants in Brazil, where it faces tougher competition as Heineken NV has expanded aggressively.
The company said in a statement released on Sunday that it will open a new brewing plant in Brazil's northern region, a malting factory in the southeast, a can producing unit and additional premium beer production lines.
Ambev said the investment represented part of its goal to grow its pure malt portfolio.
