International beverage giant Constellation Brands announced Thursday it will pour $1.5 billion into building a massive brewery in Mexico near the California border to fuel the growth of its Mexican beer portfolio.
Constellation, which produces Modelo and Corona beer, says the brewery will be built to have a 10 million hectoliter production capacity, with the ability to scale to 20 million hectoliters. An additional $500 million will be spent on land, water rights, infrastructure and other requirements at the location which was chosen for its proximity to California, the company’s largest beer market. The project is targeted to be completed in the next four to five years. The first 5 million hectoliters is scheduled to be produced by the end of 2019.