Modelo turns eighty

Modern Brewery Age,  Oct 31, 2005  

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Grupo Modelo recently celebrated its eightieth anniversary. The company is now the seventh largest beer company in the world, brewing eleven brands, including Corona Extra. In the US market, one out of every three imported beers sold is a Modelo brand, and Grupo Modelo also exports its brands to over 150 countries.

"Competition reminds us of what is uppermost in our minds," Carlos Fernandez, chairman and CEO of Grupo Modelo, "our consumers and their needs. Our expansion into international markets has served our company as a catalyst for better practices within our company."

Fernandez said that the company is focused on its core business and maintains control by brewing all its beers in its seven breweries in Mexico. "The Modelo brands have characteristics that distinguish them in Mexico and all over the world," said Mr. Fernandez. "We are committed to continue offering the best beers for at least another eighty years. We are empowered to give results not only on the next quarter or even the next year, we are looking at the next generation."

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