Nestlé plans to continue investing in Mexico
After a change in leadership within the company, with Fausto Costa becoming its new president, Nestlé is defining its investment plan for the next six years, which could include investments in new factories and expansions, according to a report by Forbes Mexico.
“It is important to note that despite the uncertainty that many see in relation to an electoral scenario or the renegotiation of the North American Free Trade Agreement (NAFTA), we do not change the vision and we continue to bet on the future of Mexico, in investing and keeping with our plans, we believe that we have a fairly solid economy with a lot of opportunity for economic and social development,” Costa said in the report.
The company announced it will have at least one new plant in the Mexican market, while they are still contemplating on future factories and expansions in any of the areas where it has presence: coffee, chocolate, pet food, and infant formulas.
“We are working on the plan for the next sexennium. The total investment in the country in the last five years has been of US$1 billion, which was announced in 2014. We have expanded our factories in the country; inaugurated three new plants in this period; and, with the objective to continue investing, we are discussing with the parent company the investment plan for the next years in Mexico,” Costa added.
The company used part of their US$1 billion investment to improve the productivity of its plant in the state of Toluca, which is its largest plant in the world for production of soluble coffee. Similarly, in 2015, it opened a pet food factory in Silao, Guanajuato, and started operations in Ocotlán, Jalisco, for the company’s most important child nutrition plant on the planet.
Moreover, Nestlé has also developed its Nescafé Plan, in which US$10.6 million have been invested in the country, as well as there has been 29 million more productive coffee plants distributed and 83,000 training sessions in sustainable production practices with Nestlé Mexico agricultural technicians have been awarded.