Lala invests US$51.1 million to expand its capacity

MEXICO - Grupo Lala, one of the largest dairy producers in the country, reported that during the first half of this year it invested US$51.1 million in innovation projects and expansion of installed capacity, such as high-tech equipment and vehicles.

Eduardo Tricio's company said in a statement that the purpose of this capital injection is to consolidate its sustainability model. In its financial statement for the first quarter of the year, Lala detailed that it allocated US$28.2 million to property, plant, and equipment, and another US$21 million in vehicle, machinery, and equipment leases.

These expenses total US$49.4 million pesos, which represents approximately 3.6% of first quarter 2024 sales. In the press release, Lala emphasized that during its 75-year history it has maintained a constant commitment to innovation, seeking to offer increasingly healthier products.

The company has a network of more than 6,000 transportation units to distribute its products to more than half a million points of sale throughout the country, including convenience stores, mini-supermarkets, department stores, bakeries and restaurants, among others.

The company's installed capacity has enabled Fundación Lala to benefit approximately 440,000 people throughout Mexico, especially children living in poverty.

In the first quarter of the year, the group's net sales increased 4.3% to US$1.3 billion pesos, and its EBITDA reached US$139 million pesos, an increase of 11.6% compared to the same period of the previous year.

Grupo Lala operates 25 production plants and 164 distribution centers in Mexico, Brazil and the United States.