Category Archives: Companies

Maker of Corona to invest $1 billion in Mexico

Forbes – Constellation Brands, the company that distributes Corona, Modelo Negra, and Modelo Especial in the U.S. announced plans to invest more than $1 billion to expand production in Coahuila from 10 to 25 million hectoliters a year, a move aimed at increasing its share in the U.S. beer market from 7 percent to 14 percent.

Homebuilder Javer testing investor appetite

Bloomberg – The first Mexican homebuilder to offer new shares since 2004 is testing investor appetite for an industry that imploded in $2.6 billion of defaults just two years ago. Servicios Corporativos Javer plans to raise as much as 3.5 billion pesos ($227 million) in an initial public offering after dodging the meltdown with a strategy of building housing developments in urban areas instead of far-flung suburbs.