Constellation Brands invests $2bn in Mexico
on 17/06/15 at 9:17 amIndustry
The money will be used at its facility in Nava, Coahuila, increasing its production capacity from 10 million hectoliters to 25 million hectoliters by the end of 2017.
At a meeting with the President of Mexico, Enrique Peña Nieto, Rob Sands, president and CEO of Constellation Brands, said it was “proud to be in Mexico” and was “here to stay”.
“Our commitment and investments in our Mexican beer portfolio have resulted in record-breaking growth and accelerating US consumer demand that is far ahead of market trends”, said Sands.
“We are thrilled about the investments we are making in Mexico because we believe Mexican high-end beer will continue to grow and be a leading beer segment in the US for years to come.”