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Constellation Brands Plans New Brewery in Southeastern Mexico, Report Says

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  • Mexican President Andres Manuel Lopez Obrador and Constellation Brands, which makes Corona beer for U.S. distribution, are expected to announce the construction of a new brewery in southeastern Mexico, the Wall Street Journal reports.
  • The exact location of the plant in southeastern Mexico has yet to be announced.

Mexican President Andres Manuel Lopez Obrador and Constellation Brands, which makes Corona beer for U.S. distribution, are expected to announce the construction of a new brewery in southeastern Mexico, the Wall Street Journal reports.

The new brewery could be announced as early as next week and includes an investment of $1.3 billion, a source told the Journal. The exact location of the plant in southeastern Mexico has yet to be announced.

Constellation told CNBC in a statement that talks with the Mexican government have been "productive and remain ongoing." The company added it's been working with local and federal partners "on plans to meet our long-term brewery capacity needs in the southeastern part of the country where there is ample water supply and a capable workforce."

Constellation had nearly completed construction of a new brewery in 2020 in the Mexican border city of Mexicali when residents voted against the new plant and the government forced the company to shut it down, according to the report.

Read more about the new brewery in the Wall Street Journal.

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