MEXICO CITY (Reuters) -Beer maker Heineken will invest $2.75 billion in different projects in Mexico, the company's CEO in the country said on Wednesday.

Oriol Bonaclocha said during Mexican President Claudia Sheinbaum's morning press conference that the investment will include the construction of a new factory in the country's southeast.

The new plant in the state of Yucatan will have an initial production capacity of 4 million hectoliters and that amount is expected be doubled in the future depending on the company's needs, Bonaclocha explained.

"We do not plan to close any factories, this is an expansion," he added.