Constellation Brands has announced plans to build a brewery in southeastern Mexico, following the closure of a nearly completed $1.4 billion plant near the US-Mexico border, according to the Wall Street Journal.
WSJ also reported that the investment could be worth around $1.3 billion.
A spokesperson for Constellation Brands told FoodBev: “Over the past several months, based on the request of the Mexican government, we’ve been working with federal and state government officials on plans to meet our long-term brewery capacity needs in the southeastern part of the country where there is ample water supply and a capable workforce”.
While the exact location of the brewery is still unknown, Constellation commented that “discussions have been productive and remain ongoing”. However, sources suggest that the company was planning an important investment in the Gulf state of Veracruz.
In early 2020, the US brewer had to abandon an almost completed brewery on the border city of Mexicali after local residents voted against the project due to water usage concerns, recording a near $700 million loss from the closure.
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