Kuo invests US$US$91.3 million in Yucatan
YUCATAN – Mexican company Grupo Kuo, through its subsidiary Kekén, started up its pork processing plant in Sahe, Yucatan, which required an investment of US$91.3 million.
According to Fernando Senderos Mestre, Chairman of the Board of Directors of the company, this project confirms the confidence of the shareholders in the business model, through sustainable pig farming, which contributes to the creation of value for all its stakeholders.
The plant has a weekly processing capacity of more than 40,000 pigs, which will continue to position the domestic industry as a world leader in production.
It will also generate more than 1,500 direct jobs and 7,000 indirect jobs, bringing the total number of jobs in the pork business to more than 10,000.
Claudio Freixes, CEO of Kekén, said that the investment in Sahe means more jobs, confidence in the future and better opportunities for the communities in the state of Yucatan.
Source: El Economista