MEXICO CITY—Grupo Modelo, the Mexican unit of Anheuser-Busch InBev and brewer of Corona Extra and other export brands, plans to invest 14 billion Mexican pesos ($755 million) in the construction of a major brewery in central Mexico. The brewery in the state of Hidalgo is expected to start operating in March 2019 with annual capacity to produce about 320 million gallons of beer a year, or about nine million bottles of beer a day, Grupo Modelo Chief Executive Mauricio Leyva said Monday.

Source: Wall Street Journal November 27, 2017 21:48 UTC