E-Malt.com News article: 1755

Mexico’s brewing giant, Grupo Modelo, the maker of the famous beer brand Corona, expects to register sales of around US$3.5 billion this year, says Jorge Siegrist Prado, a vice-president of the company, according to South American Business Information. Modelo is also considering opening new plants in Colima, Coahuila and Guanajuato; these in addition to the seven that are currently in operation. Prado notes that local governments and communities tend to welcome Modelo plants, as the company creates employment, respects the environment and helps in education. The company also plans to continue the rhythm of its export activities, especially with its Corona beer to the US. Corona is the third most exported beer in the world.

03 November, 2003