Cyprus Mail
BusinessInternational

Heineken to expand Mexico operations with $90 mln plant

heineken

Heineken (HEIN.AS) will build a 1.8 billion peso, or $90 million, can manufacturing plant in the northern Mexican state of Chihuahua near its brewery in the town of Mequoi, the company said on Monday.

The plant, Heineken’s seventh in the country, will bring around 120 direct jobs after opening and around 150 during the construction phase, it said in a press release.

The beermaker said it had seen increased demand for cans in the country, as other national alcoholic drink producers like Becle (CUERVO.MX), Jose Cuervo’s parent company, say they are struggling to obtain glass to bottle their spirits.

Around 40 per cent of beer in Mexico is currently made in cans, while the rest is made in glass bottles, according to the National Chamber of Beer and Malted Drinks.

Related Posts

Rakesh Jhunjhunwala, ‘India’s Warren Buffet’, dies at 62

Reuters News Service

Game development platform strikes cloud service partnership

Kyriacos Nicolaou

Google Fiber plans 5-state growth spurt, biggest since 2015

Reuters News Service

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

Reuters News Service

Ukraine in default according to Fitch and S&P

Reuters News Service

Moscow warns of end to Russia-US relations if assets seized

Reuters News Service