MEXICO: Modelo looks to build brewery - report
Grupo Modelo has completed the acquisition of a plot of land in the central Mexican state of Coahuila. The brewer may be looking to build a new brewery on the 334-hectare plot in Nava municipality.
Latin America News Digest reported yesterday (5 October) that sources from the planning and social development departments of the Coahuila state confirmed that representatives of Grupo Modelo were in the state last week to sign the final documents on the acquisition.
The company allegedly paid US$2m to buy the plot and other neighbouring plots, owned by an unnamed mining company and other individuals, the digest said. Grupo Modelo has not commented on the issue yet.
Modelo is mulling the location of a brewery to be responsible for exports to the North American market and possible exports to Europe. The plant's construction will require a US$50m investment and is expected to last two years, according to sources close to the company. Up to 2,000 direct jobs and around 6,000 indirect jobs will be created through the construction
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