January 27, 2014

Nestle to invest US$1 billion in new factories in Mexico

Nestle will invest US$1 billion to build two new factories, including an infant nutrition plant in Mexico - sixth largest global market for the company.

The five-year investment will fund a new infant nutrition factory in Ocotlán, in western Mexico's Jalisco state, and a pet-food factory in the city of Silao, in the central Mexican 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.

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.