Modelo Investing In Export Capacity But Is It Needed?

Carlos Fernandez, chief executive of Mexican brewer Grupo Modelo, which produces Corona beer, has told the Reuters Latin American Investment Summit that he expects the firm's sales in Mexico to contract at a slower rate than the overall economy. He also revealed that a new US$600mn plant in the northern state of Coahuila is expected to be operational in March 2010 and that the plant will primarily supply the US and Canadian markets. Finally, Fernandez revealed that the firm is continuing its legal challenge against Anheuser-Busch InBev and suggested that the claim has

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