The beer company Constellation Brands will invest between 5 and 5.5 billion dollars in Mexico in the fiscal period 2023-2026, mainly for the construction of its plant in Veracruz, with a view to expanding its beer business.

After the controversial suspension of the project in Mexicali, Baja California, based on a popular consultation carried out by the government of Andrés Manuel López, arguing alleged corruption in the face of water scarcity, the transnational company maintained that it trusts Mexico and updated its investment plans .

“The investment will support between 25 million and 30 million hectoliters of beer, additional total capacity and includes the construction of a new brewery in southeastern Mexico in the state of Veracruz, as well as continuous expansion and optimization at the sites. existing companies in Nava (Coahuila) and Obregón (Sonora), ”the transnational informed investors.

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The company has updated its plans to invest in the next capacity increase in Mexico, which will provide the long-term flexibility necessary to support the expected future growth of its portfolio of high-end Mexican beers.

The investment that Constellation Brands projected for the construction of the plant in Mexicali, which began in 2016, was of 1,400 million dollars and when the work was stopped, it had already invested 900 million dollars, with an advance of 70 percent.

The brewing company argued on that occasion that its operations complied with all the requirements established by law, prioritizing the care and availability of water for all.

Finally, the transnational reached an agreement with the federal government, with the result of investing in southern Mexico, where there are sufficient natural resources for the operation of the plant.

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For its part, the company reported that it continues to work with government officials in Mexico to determine the next steps for the suspended construction projects of the Mexicali Brewery and seek various ways to recover capitalized costs and additional expenses incurred to establish the brewery, without this implying a guarantee of recoveries.

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