A unit of Belgium-based Anheuser-Busch InBev, Grupo Modelo will invest around $325m in two plants in the southeastern state of Yucatán.

The company that produces the popular Corona beer will use the money to construct an aluminum beer-can factory along with a brewery.

Grupo Modelo said that it will begin construction in the second half of the year and will start operations by early 2017.

Grupo Modelo CEO Ricardo Tadeu was quoted by La Prensa as saying: "Mexico offers great, long-term growth potential for our industry. We at Grupo Modelo, you can count on this, will remain strongly committed to this country."

The new aluminum-beer can facility will have a production capacity of 1 billion units annually for different brands of the company and the brewery will produce 500 million liters.

The Wall Street Journal quoted the Mexican economy minister Ildefonso Guajardo as saying that the new plants would increase the country’s annual beer production to 10 billion liters.

Mexico is said to be the world’s sixth-largest beer producer. It recorded more than $1.6bn worth of exports in 2014.

One of the biggest breweries in Mexico, Grupo Modelo controls about 63% of the country’s beer market.

Apart from Corona, the unit also produces the Modelo and Pacífico labels.

Meanwhile, Heineken which is considered to be the company’s biggest rival has also announced investments worth $470m in the construction of its seventh brewery in Mexico.