InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

Expansion of AB InBev in Chile is 70% complete

InvestChile - January,14,2020

The complete project is scheduled for inauguration within the next three months and will allow the company to triple production.

CERVEZA FOOD INDUSTRY

The symbolic start of work on the expansion of AB InBev’s plant in Quilicura took place in August 2018. To date, the project is 70% complete.

“Currently, the can packaging part is ready and we are making modifications to the draft beer and glass line,” indicated the general manager of AB InBev Chile, Luis Vives.

With this level of progress, “we should be in a position to inaugurate everything within three months,” he said.

Some of the pending work has to do with technology adjustments, among other smaller items, so the company has decided to complement the investment involved, raising it from US$100 million to US$130 million.

Although the main objective of the expansion is to triple the plant’s production capacity in order to compete strongly in the local market, it is also designed to substitute imports and produce almost all the company’s brands locally. “There are two brands that we have already begun to substitute. One is Becker, where production is one hundred percent local, using one hundred percent renewable energy, and the other is Cusqueña, all of which we used to bring from Peru but are not only importing a part.”

Together with the expansion, an effluent treatment plant will also be inaugurated in the coming months, allowing water to be reused for other internal processes.

Social crisis

Like almost all consumption, beer was affected in the first weeks of the crisis, impacting sales. According to Vives, this did not affect the mood for investment and growth.

“We believe in Chile and that is why we decided, after the outbreak [of the crisis], to make this additional investment of US$30 million. That is an important sign for Chile and the local economy.” The company also decided to raise the minimum wage for all its workers to 500,000 pesos gross, among other benefits, and launched an employability plan with various municipal districts, including Quilicura.

To find out more about investment opportunities in food industry in Chile, see this article.

Source: Pulso

Learn more about this topic here

Topics: Food Industry

InvestChile

InvestChile

We are the government agency responsible for promoting Chile in the global market as a destination for FDI.

Previous Post

Chilean start-up NotCo to appear in episode of The Age of AI

Next Post

Spanish firm submits million-dollar energy project for evaluation

NEWSLETTER

Subscribe to our newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Our Newsletter

You can also subscribe here to our monthly Investment Review Newsletter

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More