Herdez endorses investment plan

Herdez endorses investment plan

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MEXICO — Grupo Herdez will maintain its investment project for Mexico, despite the change of party in the Government of the Republic, which will mean allocating US$31 million in 2019 for new business and expansion of its production capacity in the country.

Héctor Hernández Pons, chairman of the Board of Directors and general manager of Grupo Herdez, said that through the Consejo Mexicano de Negocios he has participated in meetings with President Andrés Manuel López Obrador.

"We already heard from the president and the team that they’re going to give the guarantees so that the investments continue to have the security that is required," said Hernández Pons during the recognition presentation of “Famous Brand” to Nutrisa by Instituto Nacional de la Propiedad Intelectual (IMPI).

Although the US$31 million of investment programmed for 2019 are lower by 5% compared to the US$33million injected into the company in 2018, Hernández Pons mentioned that a deceleration is not expected.

He made it clear that although, prior to the presidential election of Andrés Manuel López Obrador, Grupo Herdez announced that it would be more cautious about its investments in order to protect and preserve its assets towards the possibility of regime change, now that AMLO, has been declared president the company has decided to keep its growth plans.

Source: Canainca