Constellation Brands, makers of Corona Beer sold in the United States, announced plans to invest $ 5.5 Billion in Mexico over the next four years. This includes a new $ 1.5 billion dollar brewery in Vera Cruz. Once operational it will provide the company with capacity never realized when a water dispute caused it to abandon a nearly completed brewery in 2020, located in Mexicali. Constellation booked a loss of $ 700 Million on the closed Plant. Additional funds from the investment plan includes upgrades and expansion of Constellation’s two other Mexican breweries located in Obregón and Nava, Mexico.
Copyright Gregg Smith – His latest book “American Beer History” is available on Amazon https://www.amazon.com/American-Beer-History-Mayflower-Microbreweries/dp/108155410X/ref=sr_1_2?dchild=1&keywords=American+Beer+History&qid=1625503750&sr=8-2