Cuauhtemoc Moctezuma Heineken to enter 2018 with increased production capacity
Amid strong demand growth in Mexico and overseas, Cuauhtemoc Moctezuma Heineken, readies an expansion at its brewery in Tecate, Baja California aimed to increase output capacity by 25%, along with the opening of a new production facility in Meoqui, Chihuahua, its seventh plant in the country.
For the Meoqui facility, Heineken invested US$ 7.35 billion to build a brewery with a 5-million hectoliter a year capacity, expandable up to 10 million, to meet demand in Mexico and the United States, Marco Mascarua, Vice president of Corporate Affairs, told Mexican state-owned news outlet Notimex.
In addition to the Meoqui site, Heineken plans to invest US$ 2 billion in expansions at existing breweries in Mexico between 2015 and 2019.
Mexico is one of the most important operations for Heineken, in 2016 Mexican operations contributed with 16% of volume, 12% of revenues and 15% of total profits for the Dutch company. In recent years Cuauhtemoc Moctezuma Heineken has grown at an annual rate of 4% in volume, 8% in revenues and 16% in profits.