Constellation plant in Mexico may spur $2.6 bln in investment, official says [Financial Post (Toronto, Ontario, Canada)]
Constellation Brands, Inc. (STZ)
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Source: Financial Post
over water stymied plans for a plant on the northern border, could spark $2.6 billion in investment, a government official said. The plant in the Gulf coast state is part of a previously announced $5 billion to $5.5 billion investment in Mexico through 2026 by the U.S. maker of beer, wine and spirits. Best sites to order face masks in Canada 2022 Advertisement Constellation Brands plans to initially invest $1.3 billion in the brewery, Enrique Nachon, Veracruz's economic and port development minister, said in an interview late on Monday. Advertisement Article content Veracruz hopes the company could double that sum, by either upping production once the plant is completed or investing locally in bottling and infrastructure to export goods, Nachon added. “We're pushing for both these investments to stay in Veracruz, that is, $2.6 billion through 2026,” he told Reuters, adding that the state government has been in regular contact with the company. The brewery's construct
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News
- Constellation Brands, Inc. (NYSE: STZ) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $300.00 price target on the stock.MarketBeat
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- Constellation Brands, Inc. (NYSE: STZ) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $300.00 price target on the stock.MarketBeat
STZ
Earnings
- 1/8/24 - Beat
STZ
Sec Filings
- 3/11/24 - Form 3
- 3/11/24 - Form 8-K
- 3/5/24 - Form 4
- STZ's page on the SEC website