Mexico: Grupo Modelo to build new brewing and bottling plant in Hidalgo
Mexican beer maker Grupo Modelo, plans to invest nearly 14 billion pesos ($754 million) to build a brewing and bottling plant in the city of Apan in the central state of Hidalgo, a state official with knowledge of the deal told Reuters.
Construction is scheduled to begin by the end of the year with operations kicking off in the first quarter of 2019, said the official, who asked not be named because he wasnt authorized to speak on the matter.
Grupo Modelo, which is owned by the worlds top brewer Anheuser-Busch InBev, makes and exports beers Corona, Modelo, and Pacifico, among others.
The new plant will have an initial annual capacity of 12 million hectolitres and will eventually ramp up to double that capacity, the official said.
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