Claudia Sheinbaum announces multi-million dollar investment from Grupo Modelo
Grupo Modelo, which produces two of the world's most valuable brands, Corona and Modelo Especial, announced a $3.6 billion investment in Mexico to modernize its plants amid U.S. trade uncertainty.
The company revealed this investment for the next two years as part of President Claudia Sheinbaum's Plan Mexico, which seeks to place the national economy in the global top 10 and secure private investments totaling nearly $300 billion despite U.S. President Donald Trump's tariffs.
“Today, Madam President, we come to renew our commitment to the country. Grupo Modelo proudly announces that during the 2025-2027 period, we will invest more than $3.6 billion in the country, aligned with Plan Mexico,” stated Raúl Escalante, Vice President of Corporate Affairs at Grupo Modelo.
Beer is Mexico's largest agricultural export, valued at $6.163 billion in 2023, and Grupo Modelo alone accounts for 1% of the country's GDP, according to Escalante.
"We stand with Mexico like good friends, in the good times and the bad," the executive declared at Sheinbaum's morning press conference.
CT
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