Herdez increases investment for this year by 47%
Grupo Herdez is going to invest US$ 33 million during 2018, that is 47% more than last year, when it spent US$23.7 million, according to reports from Grecia Dominguez Leyva, Investor Relations and Corporate Affairs manager for the Company. These resources will be allocated for maintenance of their facilities, the strengthening of the frozen business and working capital. This way, the company expects to close the year with sales adding up to US$ 1.15 billion. Grupo Herdez’s turnover reached US$ 1.05 billion in 2017, and the expected sales growth for this year is between 7 and 9%, compared to reports from 2017.