In the frame of its big expansion plan estimated 1 billion dollars, Nestle will invest 390 million dollars in Mexico over the next three years.
This fact was announced by Peter Brabeck, CEO Nestle, at the World Economic Forum in Davos.
It is known that the majority of the funds will be invested in the
Nescafe instant coffee plant in Toluca near Mexico City. The aim is to increase coffee processing capacity by 40% and make this factory the biggest coffee processing plant in the world.
Also, Nestle will invest in cutting-edge technology to increase the nutritional value of its milk products such as Nido and Svelty. In addition, investment will be used to strengthen Mexico’s regional supply position in Latin America where it exports brands such as Nesquik, Coffee-Mate and Maggi.