AB InBev-owned Grupo Modelo will invest nearly MXN 14 billion ($754 million) to construct a new bottling plant in the Mexican state of Hidalgo, Reuters reports.
The Mexican beer producer, which owns brands such as Corona and Victoria, will build the site in the city of Apan, with production estimated to begin in early 2019.
Construction will start this year and, when complete, the plant will have an initial annual capacity of 12 million hectoliters, which will eventually be doubled.
Forbes reported that that the facility will create at least 1,200 direct jobs, creating the world’s second-largest brewery.
Founded in 1925, Grupo Modelo has 16 brands and a presence in 180 countries. The group merged with AB InBev in 2012.
In 2015 it announced the $182.7 million construction of a new aluminium can production facility in eastern Mexico.
© FoodBev Media Ltd 2022
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry. Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial
Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. Read about how we use cookies or how you may control them in our updated privacy policy and cookie policy. If you continue to use this site, you consent to our use of cookies. Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information.