Latest news with #OriolBonaclocha
CTV News
11-06-2025
- Business
- CTV News
Heineken to invest over US$2.7B in Mexico through 2028
MEXICO CITY — Beer maker Heineken will invest US$2.75 billion in different projects in Mexico, the company's CEO in the country said on Wednesday. Oriol Bonaclocha said during Mexican President Claudia Sheinbaum's morning press conference that the investment will include the construction of a new factory in the country's southeast. The new plant in the state of Yucatan will have an initial production capacity of 4 million hectoliters and that amount is expected to be doubled in the future depending on the company's needs, Bonaclocha said. 'We do not plan to close any factories, this is an expansion,' he added. In April, Grupo Modelo, the producer of Corona and other Mexican beer brands, announced it would invest more than $3.6 billion in Mexico, despite concerns over water shortages in the country. The relationship between beer makers and other industries like agriculture has been a longstanding issue in Mexico. Almost three years ago, the construction of a Constellation Brands brewery in Mexicali was halted to protect local water resources and moved to Veracruz in eastern Mexico. (Reporting by Raul Cortes and Aida Pelaez-Fernandez. Editing by Chizu Nomiyama and Mark Potter)
France 24
11-06-2025
- Automotive
- France 24
Brewer Heineken unveils $2.75 bn investment in Mexico
The pledge follows similar moves by companies such as Walmart, Netflix, and Spanish bank Santander, despite tensions with Trump's adminstration over his import tariffs. Heineken will use the investment to fund a new plant and other projects through the end of 2028, its Mexico CEO Oriol Bonaclocha said during President Claudia Sheinbaum's morning news conference. The new factory in the southeastern state of Yucatan will generate around 3,000 direct and indirect jobs, Bonaclocha said. The plan is "a clear sign of confidence in Mexico," Yucatan state governor Joaquin Diaz said. In April, rival brewer Grupo Modelo, which makes Corona beer, announced an investment of more than $3.6 billion in Mexico to modernize its plants. Mexico's economy is considered one of those most vulnerable to Trump's tariffs due to the close trade relations between the two countries. At the same time, Mexico has benefited from tariff relief thanks to a three-way North American free trade agreement that also includes Canada. Sheinbaum is seeking an agreement with Trump to end remaining tariffs, notably on automobiles, steel and aluminum.
Reuters
11-06-2025
- Business
- Reuters
Heineken will invest over $2.7 bln in Mexico through 2028
MEXICO CITY, June 11 (Reuters) - Beer maker Heineken will invest $2.75 bln in different projects in Mexico, the company's CEO in the country said on Wednesday. Oriol Bonaclocha said during the president's morning press conference that the investment will include the construction of a new factory in the country's southeast.
