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Stock impact report

Constellation plant in Mexico may spur $2.6 billion in investment, official says [Reuters]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: Reuters
plans for a plant on the northern border, could spark $2.6 billion in investment, a government official said. FILE PHOTO: A bottle of Modelo Especial beer, one of Constellation Brands Inc products, is shown in this illustration photograph taken in Encinitas, California, U.S. June 27, 2016. REUTERS/Mike Blake/File Photo 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. 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. 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 t Show less Read more
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