Showing posts with label heineken. Show all posts
Showing posts with label heineken. Show all posts

Wednesday, March 11, 2015

Heineken announces Chihuahua brewery

New Heineken brewery for Meoqui.
New brewery for Meoqui.
News

 

An announcement today by the beer maker Heineken means economic diversification for the Chihuahua municipality of Meoqui: the state’s fourth largest producer of milk will become the largest producer of beer.

Cuauhtémoc Moctezuma Heineken announced the investment of 7.5 billion pesos, or US $480 million, to build a new plant in the municipality located in the center of the state, about 60 kilometers from the city of Chihuahua.
 
It’s not the first time Meoqui has celebrated the arrival of a brewery. Cuauhtémoc Moctezuma, before it became part of Heineken in 2010, began the process of building there in 2007 but later abandoned the project, even after the state put up 100 million pesos to develop infrastructure.

The new brewery will produce 5 million hectoliters annually for the domestic and United States markets, employ 500 people and bring to 27 the number of plants it operates in Mexico. It is the biggest single investment ever made in the state of Chihuahua, said Gov. César Duarte Jáquez.

Company CEO Marc Brusain said Chihuahua was selected for its geographic location, the quality of the water and the level of law enforcement.

Today’s announcement was made at Los Pinos, the official home of President Peña Nieto, in conjunction with the company’s 125th anniversary.


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Heineken is the world’s third largest brewer. Its most popular brands in Mexico are Sol, Indio and Tecate.

In January competitor Grupo Modelo, maker of Corona among other brands, announced plans to build a new brewery in Mérida, Yucatán. Its initial production will total 5 million hectoliters.
A hectoliter is the equivalent of about 122 million 12-bottle cases.

Source: Milenio (sp), Tiempo (sp)
 
- See more at: http://mexiconewsdaily.com/news/heineken-announces-chihuahua-brewery/#sthash.ArHCExTV.dpuf

Thursday, February 19, 2015

Heineken Completes Sale of Mexican Packaging Unit

laht.com

BRUSSELS – Dutch brewer Heineken said Wednesday that it has completed the sale of its Mexican packaging unit Empaque to U.S.-based Crown Holdings for approximately $1.2 billion.

Heineken, which announced the conclusion of the divestment after receiving regulatory approval from Mexico’s CFC anti-trust commission, also said it will use up to 750 million euros ($850 billion) of the proceeds for a share-buyback program.

That program will be executed periodically by intermediaries through open-market purchases and is expected to be concluded during 2015.

“Empaque was acquired as part of the FEMSA Cerveza acquisition, which was mainly paid for in shares,” Heineken CEO Jean-Francois van Boxmeer said.

Monterrey, Mexico-based Empaque posted gross revenues of 515 million euros ($587 million at the current exchange rate) in 2014, while its earnings before interest, taxes, depreciation and amortization, or EBITDA, totaled 113 million euros ($129 million) and its earnings before interest and taxes, or EBIT, amounted to 91 million euros ($104 million), Heineken said.

The Dutch company said it expects to record a post-tax book gain of approximately 375 million euros ($428 million) from the divestment of its Mexican packaging unit.