Swiss food and beverage giant Nestle intends to invest about US$ 100 million to upgrade its 17 plants in Mexico this year, a Nestle Mexico official said in an interview with Forbes Mexico.
The investment includes improved equipment, factory expansions, increased use of renewable energy sources, and efforts to reduce emissions, Nestle told the news outlet.
Juan Carlos Pardo, Nestle’s director of Corporative Affairs said Mexico’s location and logistical strengths contributed to the Swiss firm’s decision to invest in the country’s plants.
The company’s half-year results, released on July 27, noted that “Mexico had good growth,” but no further details were provided.
Last October, Nestle opened a US$ 245 million plant in Jalisco, Mexico, as part of an effort to triple production of infant formula in the country. Back on the day, the firm said was its largest investment in infant nutrition globally during the last decade.