Nestlé has announced a significant investment package of $1 billion to enhance its operations in Mexico over the next two years.
The Swiss food manufacturing leader is set to expand production capacity at various plants located in Veracruz, Guanajuato, Querétaro, and the State of Mexico. This strategic move aims to bolster its manufacturing capabilities in the region.
Furthermore, the company is constructing a new distribution center aimed at transforming its Mexican operations into a centralized export hub. As a result, Nestlé currently supplies its products to approximately 70 countries from Mexico.
According to Nestlé, around 50% of this investment will be directed towards increasing coffee production capacity within Mexico. Furthermore, 25% of the funding will go toward enhancing pet food production, while the remaining 25% will be allocated to expanding the output of dairy and culinary products, in addition to the new distribution center.
Steve Presley, CEO of Nestlé’s Americas division, stated, “Nestlé Mexico has established itself as the fourth most important market for Nestlé worldwide; it is also the second in which the company invests the most, a testament to the commitment and trust we have in this country.”
In January 2020, Nestlé announced an investment of $700 million in its facilities in Mexico.
Having been established in Mexico for over 94 years, the company employs more than 13,000 people in the country.
Nestlé markets global brands, including Nescafé, Nesquik, and Carnation, while also promoting local favorites such as Abuelita and Carlos V.
According to Nestlé’s 2023 annual report, the company generated SFr3.94 billion ($4.34 billion) in sales in Mexico, reflecting a notable increase of 13.9% in Swiss francs and 6.8% in local currency.
