Nestlé to invest US$ 154 million to build coffee-processing plant in Veracruz

Nestlé to invest US$ 154 million to build coffee-processing plant in Veracruz

Warning: foreach() argument must be of type array|object, bool given in /home/mexiconow/public_html/sites/mexiconow/wp-content/themes/mexiconowwpnew/single.php on line 254

Swiss food and drinks producer Nestlé plans to invest US$154 million in a coffee-processing plant in Veracruz, company officials announced at a meeting with president Andres Manuel Lopez Obrador.

The new facility will feature next-generation technology to reduce the amount of water and energy to process 20,000 tons of beans a year.

The project will initially create 250 direct jobs with the potential to increase to 1,200 when fully operational, said Fausto Costa, executive president of Nestlé Mexico

Nestlé said in a statement that it annually purchases roughly US$94 million in coffee beans from more than 10,000 growers in Veracruz.

This is the first major investment announced by a foreign company since Lopez Obrador took office on December 1st.

MexicoNow

Related

- Nestlé to increase production capacity by 30% at cereal plant in Jalisco

- Nestlé invests US$ 5.2 million to upgrade dairy factory in Jalisco

- Nestlé plans a US$ 100 million upgrade to its 17 Mexican facilities

- Nestlé opens US$ 245 million plant in Jalisco; will triple infant formula output

×