Ultrapar announced that it plans to invests BRL 1.484 billion (USD 628.6 million/EUR 461.2 million) in 2014. The company has earmarked BRL 366 million for investments of its fuel distributor Ipiranga to maintain the growth pace of the distribution network and of the franchises AM/PM and Jet Oil, mainly in the central-western, northeastern and northern regions of Brazil. Also, BRL 121 million will be invested in expansion of the logistics infrastructure and BRL 400 million will be spent on maintenance of the operations, especially on the renewal of contracts of the distribution network and upgrade of stations.