Nestlé S.A.: Nestlé unveils one billion dollar Mexico investment
Nestlé S.A. / Nestlé unveils one billion dollar Mexico investment . Processed
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Nestlé is to invest one billion dollars in Mexico, building two new factories
in the country which is the sixth largest global market for the company.
The announcement was made by Nestlé CEO Paul Bulcke during the World Economic
Forum in the Swiss resort of Davos.
The five-year investment, will fund a new infant nutrition factory in Ocotlán,
in western Mexico's Jalisco state, and a petfood factory in the city of Silao,
in the central Mexian state of Guanajuato.
It will also be used to expand Nestlé's cereal factory in Lagos de Moreno,
also in Guanajuato state, with state-of-the-art technology, making it the
company's largest in the region.
"This investment is a striking example of our commitment to Mexico, and our
long-term vision in a market with high growth potential," Mr Bulcke said.
The investment would, he said, enable the creation of 700 direct and 3,500
indirect jobs, as well as bolstering the amount of raw materials purchased
The factories in Mexico, the second largest market in Latin America for
Nestlé, will also produce goods for the wider region.
Some 40% of the products made at the new infant nutrition factory in Ocotlán,
for example, will be exported to Latin America and the Caribbean.
Nestlé has been present in Mexico for eight decades and today offers a
portfolio of more than 80 brands and a range of 1,600 products.
Nestlé opens renovated Coffee-mate factory in Chiapas, Mexico
Tel: +41 21 924 2200
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Source: Nestlé S.A. via Globenewswire
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