Friday, March 24, 2023

Bavaria invests $413 million in new brewery

Local AB InBev brewer, Bavaria, has announced the construction of a new brewery in Colombia, in the northern region municipality of Palmar de Varela.

“We firmly believe in Colombia and in the great transformations that the private sector can generate for the benefit of the country,” said Bavaria president, Sergio Rincón. “With this new plant, Bavaria is investing long-term on a significant expansion of the industry.”

Located one hour from the Atlántico capital city of Barranquilla, the new brewery plans to begin its operation in mid-2024 and produce national beer brands including Águila, Poker and Club Colombia.

The investment being made by Bavaria amounts to roughly $413 million. More than 1,500 jobs are expected to be created during the construction phase. Once operational, the brewery is expected to generate 350 direct jobs and 7,000 indirect jobs.

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