Mexican beer maker Grupo Modelo, a unit of global top brewer Anheuser-Busch InBev, said it plans to invest 14 billion pesos ($754 million) to build a brewing and bottling plant in the city of Apan in the central state of Hidalgo.
Construction is due to begin by the end of this year with operations kicking off in the first quarter of 2019 the company said at an event in Mexico City.
Grupo Modelo’s new plant will have an initial annual capacity of 12 million hectoliters, equivalent to the production of 9.25 million 355 milliliter bottles per day.
The firm, which already has 7 plants in Mexico, makes and exports Corona, Modelo, and Pacifico beer brands among others.