SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
6-K
REPORT
OF
FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For
the
month of November 2007
.
FOMENTO
ECONÓMICO MEXICANO, S.A.B.
DE
C.V.
(Exact
name of Registrant as specified in its charter)
Mexican
Economic Development, Inc.
(Translation
of Registrant’s name into English)
United
Mexican States
(Jurisdiction
of incorporation or organization)
General
Anaya No. 601 Pte.
Colonia
Bella Vista
Monterrey,
Nuevo León 64410
México
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F x Form
40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as
permitted
by Regulation S-T Rule 101(b)(1): _______
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as
permitted
by Regulation S-T Rule 101(b)(7): _______
Indicate
by check mark whether by furnishing the information contained in
this
Form,
the
registrant is also thereby furnishing the information to the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes x
No
If
"Yes"
is marked, indicate below the file number assigned to the registrant
in
connection
with Rule 12g3-2(b): 82-_____________
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant
has duly caused this report to be signed on its behalf of the
undersigned,
thereunto duly authorized.
FOMENTO
ECONÓMICO MEXICANO, S.A. DE C.V.
|
By:
/s/ Javier Astaburuauga
Javier
Astaburuauga
Chief
Financial Officer
|
Date:
November 7, 2007
 |
FEMSA
to Invest US$ 392 Million
in
New Brewing Plant and Glass Bottle Facility
Monterrey,
Mexico, November 7, 2007—
Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV:
FEMSAUBD) announced a US$ 392 million investment for the construction
of
two new plants in Meoqui, in the northern state of Chihuahua
in Mexico:
US$ 275 million for a brewery and US$ 117 million for a glass
bottle
facility. In a first stage, the new brewery will have annual
production
capacity of 5 million hectoliters, an increase of 15% over FEMSA
Cerveza’s
current capacity in Mexico. The first stage of the glass bottle
plant will
have installed capacity of 700 million bottles per year, an increase
of
54% over current levels. The investment will be made during 2008
and 2009,
and both plants are expected to begin operations in 2010.
In
a second stage to be launched to the extent required based on
the
evolution of our own demand trends, we anticipate the ability
to make an
additional investment of approximately US$ 315 million for incremental
capacity of 5 million hectoliters per year for the brewery and
a doubling
of capacity in the glass bottle facility, reaching an installed
capacity
of 1,400 million glass bottles per year. These projects will
allow our
Mexico and export beer operations to continue to grow at a rapid
pace
going forward.
The
new, state-of-the-art beer and glass bottle operations will create
1,350
direct new jobs and we estimate that it will create approximately
4,000
indirect jobs, while approximately 1,500 workers will take part
in the
construction.
###
FEMSA
is the leading beverage company in Latin America. It controls
an
integrated beverage platform that comprises Coca-Cola FEMSA,
the largest
Coca-Cola bottler in the region; FEMSA Cerveza, one of the leading
brewers
in Mexico and important beer exporter to the United States; and
Oxxo, the
largest and fastest growing convenience store chain in Mexico
with over
5,200 stores.
|