Heineken makes $100 million investment in Mozambique
Heineken has officially opened its first brewery in Mozambique in a ceremony attended by the country’s President Filipe Nyusi.
The facility will produce the new Txilar brand beer using locally grown maize as well as other international brands such as Heineken, Amstel, Sagres and Strongbow.
The $100 million investment will strengthen the Dutch group’s presence in this fast-growing market (GDP growth 3.5% in 2018), where has had a sales and marketing office since 2016.
Located in the province of Maputo, Heineken Mozambique has a production capacity of 800,000 hectolitres of beer and employs 200 people, 96% of whom are Mozambican. Beer consumption in the country currently stands at 10.5 litres per capita.
In 2018 the Heineken group posted total revenue of €26.81 billion (+3.7%), while net profit dropped by 1.6% to €1.9 billion.
The Heineken brand saw 7.7% growth, its best performance in over a decade.