Nestle to build 2 new factories in Mexico

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.


(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Who Pays?
    Maybe for the first time ever, Dori Monson proposes a tax

  • Hiring a Felon
    Who was going to house and hire Renata Abramson, a felon looking for a second chance?
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.