Nestlé said Monday that it plans to spend an additional $1 billion on its operations in Mexico in the coming years.
The Swiss food giant said that the newly announced spending would be allocated between 2028 and 2030. The investment — announced during a meeting between top Nestlé executives and Mexican officials, including President Claudia Sheinbaum — follows an earlier $1 billion initiative in Mexico for the years 2025 through 2027, which was announced early last year.
Nestlé said the 2028 to 2030 spending would include modernizing facilities, adding technology, strengthening its production capabilities, and developing “more efficient and sustainable processes.” Officials did not disclose specific projects or locations for those years.
Projects funded by the initial $1 billion investment, the company noted, include expansions of a Maggi plant outside Mexico City and a Nescafé plant in Veracruz, as well as the Purina Experience Center in Guanajuato.
“This new phase reflects our confidence in the country’s potential and our commitment to continue growing alongside Mexico,” Nestlé Mexico CEO Fausto Costa said in a statement. “We want to strengthen our production capabilities, support Mexican agriculture, and continue generating opportunities through an increasingly robust, competitive, and sustainable value chain. Because when Mexico grows, we all grow.”
