Nestle to build 2 new factories in Mexico

[unhappycamper]

http://hosted.ap.org/dynamic/stories/E/EU_SWITZERLAND_NESTLE_MEXICO?SITE=VANOV&SECTION=BUSINESS&TEMPLATE=DEFAULT

Nestle to build 2 new factories in Mexico
Jan 24, 6:55 AM EST

GENEVA (AP) -- Swiss-based food and drinks company Nestle SA says it will build two new factories in Mexico and invest $1 billion in the country over five years.

Nestle said Friday that it will build an infant nutrition factory in Ocotlan, in western Jalisco state, and a pet food facility in Silao in the central state of Guanajuato.

The company says it also will expand and upgrade a cereal factory in Lagos de Moreno, also located in Guanajuato state. CEO Paul Bulcke says the investment will lead directly to the creation of 700 jobs.

Bulcke says the decision reflects Nestle's "long-term vision in a market with high growth potential." The company says Mexico is its sixth-biggest global market.

[democratisphere]

1. Won't be long till Americans will be crossing the US/Mexican Border looking for work.

[Warpy]

2. I have no problem with a Swiss company investing in Mexico

especially since that's where cacao came from. Guanajuato is one of the poorer states and they can well use the jobs.

This makes a great deal of sense. Mexico's economy is doing a bit better these days and more people can afford to buy the products there.

This is good news for Mexico.