Grupo Modelo Building $520 Million Brewery in Northern Mexico

Mexican brewer Grupo Modelo, which makes the top selling U.S. import Corona, announced this week it plans to build a $520 million brewery in Piedras Negras, Coahuila. The brewery, locoated in northern Mexico, will add 10 million hectoliters to Modelo's annual capacity when it is fully operational in 2010.

Anheuser-Busch has a 50 percent stake in Modelo. The company recently finished a $470 million expansion of its Oaxaca brewing operation, doubling the plant's capacity.