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Corona distributor plans $1 billion Mexico plant

Friday, March 20, 2015

Constellation Brands, the company that distributes Corona, Modelo Negra, and Modelo Especial in the U.S. announced plans to invest more than one billion dollars to expand production at its facility in Coahuila Mexico from 10 to 25 million hectoliters a year, a move that the company expects to help it increase its share in the U.S. beer market from 7 percent to 14 percent.

The investment in the Coahuila factory is expected to top US$1 billion.

Source: Forbes