Nestlé has announced a new $1 billion investment in Mexico for 2028-2030, following a meeting at the National Palace between group CEO Philipp Navratil and President Claudia Sheinbaum. According to the president, the previous plan, also $1 billion for 2025-2027, has already been completed, bringing the company’s commitments announced during her term to $2 billion.
Coffee plays a major role: Mexico is Nestlé’s main coffee source worldwide. According to President Sheinbaum, the new phase includes 70,000 coffee plants and bringing in 2,000 producers from the state of Veracruz. The company’s Mexican sourcing program has so far distributed more than 72 million seedlings and provides agronomic support to over 2,000 farmers.
A full breakdown of the investment by plant and project has not yet been published.
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Source: Mexico News Daily