South American brewer Cervepar will modernise its glass facility in Paraguay.
The investment will increase the plant’s production capacity and allow Cervepar to export products to the European glass market.
To increase capacity, Cervepar will replace its current furnace, which requires a $40 million investment.
The new furnace will allow the facility to receive glass of different types and colours.
The investment will also enable Cervepar to export its Pilsen brand to Spain.
Cervepar presented its investment plan to the Minister of Industry and Commerce (MIC), Javier Giménez, and the Vice Minister of Industry, Lorena Méndez.
To receive different types of glass, including recycled glass, the MIC will work with the Ministry of the Environment to analyse the environmental impact and work with recyclers.
Cervepar hopes to implement these plans in the first half of 2024.
It said that the modernisation of its factory will activate the value chain of small recyclers.
Cervepar is part of the Anheuser-Busch InBev group, which has a portfolio of more than 200 brands and 150,000 employees globally.