Friday, July 26, 2024

Spirits company Diageo to invest US $500 million in new tequila plant

The British beverage firm and tequila producer Diageo has announced a US $500-million investment in a new tequila plant in Jalisco. Construction of the facility, Diageo’s third in the state, will begin this year in La Barca, situated in the eastern Ciénega region.

The company said in a press release that the new plant will use environmentally friendly technology and create more than 1,000 jobs, while expanding Diageo’s capacity to supply tequila to the local and international market. Diageo has a 20% market share in Mexico, and tequila makes up 8% of the company’s net sales worldwide, mostly driven by the North American market.

“This is the most significant investment we have made in Latin America and the Caribbean in the last 10 years,” said Álvaro Cárdenas, regional president of Diageo.

The company said that since its acquisition of Don Julio Tequila in 2015, it has continued to invest in Jalisco, creating jobs and starting a program for female entrepreneurs. In 2019, it completed another tequila facility at  “El Charcón” in Atotonilco El Alto. The company is also the owner of Tequila Casamigos, a brand created by actor George Clooney and other partners.

Tequila is differentiated from other agave-based liquors by the fact that it is made from blue agave and produced only in a special geographic area that includes Jalisco and parts of other states.

With reports from Expansión

Have something to say? Paid Subscribers get all access to make & read comments.
The front pages of newspapers showing El Mayo Zambada's face with headlines in Spanish.

El Mayo Zambada: Who is the elusive Sinaloan drug trafficker recently arrested in Texas?

0
While his colleague El Chapo drew global attention with prison escapes and a flashy lifestyle, El Mayo avoided the spotlight — and arrest — for decades.
Héctor Melesio Cuén Ojeda, 68, was an accomplished businessman and influential politician in Sinaloa.

Héctor Melesio Cuén Ojeda, former mayor of Culiacán, is murdered

0
The federal deputy-elect and former mayor of Culiacán, Sinaloa, was attacked hours after leaders of the Sinaloa Cartel were detained in Texas.
A massive sinkhole opened up along Guadalajara's main boulevard on Thursday morning

Huge sinkhole causes chaos in Guadalajara

0
A 10-meter-wide sinkhole had traffic stopped throughout Guadalajara on Thursday, and authorities expect repairs to take at least 10 days.