Mexico: Modelo expects 2006 exports to improve by 10%

Mexican brewer Modelo, maker of Corona beer, expects 2006 exports to grow more than 10 percent, Chairman and Chief Executive Carlos Fernandez said October 11, Reuters accordingly released October 11.

In the domestic market, Modelo's volume could increase as much as 4 percent, he added.

Fernandez said that sales volume in the third quarter could be moderately up compared with year-ago results. A comparative figure was not immediately available.

"We will be slightly up, with a rising trend, but growth will be moderate," Fernandez told journalists.

Modelo shares jumped 4 percent at 49.97 pesos October 11 in midday trading.

13 October, 2006