AB InBev’s subsidiary Grupo Modelo opens US$ 450 million brewery in Yucatan
Grupo Modelo, a subsidiary of Belgium-based AB InBev, opened today its eighth brewery in Mexico, after just 12 months of construction work and a US$ 450 million investment.
Located in the municipality of Hunucma, Yucatan, Cerveceria Yucateca will add 7 million hectoliters a year, equivalent to 10% of InBev’s current output in Mexico.
With a 600-strong workforce, the facility plans to produce 220,000 canned and bottled beers hourly for a variety of five brands, Corona, Modelo, Victoria, Leon and Montejo. The company estimates a yearly production of 1.9 billion units.
Around 14% of the output, 266 million bottles and cans, will be shipped to nine countries, Canada, Puerto Rico, United Kingdom, Belgium, Guatemala, Colombia, Chile, France and the United States, while the rest will be destined for domestic consumption.
According to Camara de la Cerveza, the biggest Mexican brewers Chamber, the country’s capacity reached 105 million hectoliters in 2016, an 8.1% increase compared to the previous year, to overcome Germany as the fourth biggest producer worldwide, behind Brazil (136 million), United States (221 million) and China (448 million).