AB InBev-owned Grupo Modelo will invest nearly MXN 14 billion ($754 million) to construct a new bottling plant in the Mexican state of Hidalgo, Reuters reports.
The Mexican beer producer, which owns brands such as Corona and Victoria, will build the site in the city of Apan, with production estimated to begin in early 2019.
Construction will start this year and, when complete, the plant will have an initial annual capacity of 12 million hectoliters, which will eventually be doubled.
Forbes reported that that the facility will create at least 1,200 direct jobs, creating the world’s second-largest brewery.
Founded in 1925, Grupo Modelo has 16 brands and a presence in 180 countries. The group merged with AB InBev in 2012.
In 2015 it announced the $182.7 million construction of a new aluminium can production facility in eastern Mexico.
Source: FoodBev
Campari Group has nominated Simon Hunt as its new chief executive officer, marking a significant leadership transition for the spirits company. Hunt, an industry veteran with over 30 years of experience, is set to take the helm following a thorough evaluation process conducted by the board of directors.
Unilever is reportedly planning to sell a number of its food brands, including Unox, Conimex and The Vegetarian Butcher, which have a combined sales value of €1 billion (US$1.05 billion). The corporation’s CEO Hein Schumacher told Dutch financial daily the FD that sales were planned as part of a streamlining operation for its food businesses.
The multiyear collaborations aim to enable farmers in Poland, Hungary and the UK to adopt regenerative farming practices, such as crop rotation, minimal tillage and cover crops. Participating farmers will be able to receive training and invest in new methods while building know-how and confidence as barriers to adoption are reduced.
