Heineken announced it will invest $2.75 billion in various projects across Mexico by 2028, the company’s Mexican CEO, Oriol Bonaclocha, said Wednesday.
The funds will support the construction of a new brewery in Yucatan, located in southeastern Mexico.
The new plant will initially produce 4 million hectoliters of beer annually, with plans to potentially double this capacity based on demand. Bonaclocha emphasized that this investment is an expansion effort and does not involve closing any existing factories.
This announcement follows Grupo Modelo’s recent commitment to invest over $3.6 billion in Mexico, despite concerns about water shortages affecting the country’s industries. Water resource management has been a key challenge for beer makers in Mexico.
For example, nearly three years ago, Constellation Brands halted building a brewery in Mexicali to protect local water supplies and relocated the project to Veracruz.
Heineken’s investment highlights ongoing growth and confidence in Mexico’s beer market amid environmental challenges.
YOU MAY ALSO LIKE:
