Nestle to invest $390 million in Mexico
February 1, 2010
by Eric Schroeder
VEVEY, SWITZERLAND — Nestle S.A. on Jan. 30 said it will invest 5 billion pesos ($390 million) in Mexico during the next three years to strengthen its coffee production capacity and infrastructure.
Nestle, which plans to invest $1 billion in Mexico between 2008 and 2012, intends to use a significant portion of the investment for its Nescafe soluble coffee plant in Toluca, Mexico. The company plans to increase the Toluca facility’s capacity by 40%, which would make it the largest soluble coffee plant in the world. In addition, the company will install a coffee waste boiler at the plant and will replace artificial lighting systems with solar light.
Nestle said the investment also will be used for technology to increase the nutritional value of its milk products such as Nido and Svelty, as well as for strengthening its regional supply position in Latin America, where its exports such brands as Nesquik, Coffee-Mate and Maggi.