Unilever to invest in Mexico
is to invest $230 million (€239m) in its Mexico operations this
year, a proportion of which will be spent to upgrade and increase
production capacity.
Anglo-Dutch consumer products giant Unilever has confirmed that it is to invest $230 million (€239m) in its Mexico operations this year, a proportion of which will be spent to upgrade and increase production capacity.
Company president Niall FitzGerald said in a news release: "Unilever will target in Mexico $30 million in direct investment and $200 million to boost its brands this year.
"We hope that our activity grows by double digits each year in the next five years," he added. "Our aim is to establish a long-term commitment with Mexico."
Currently Unilever has five plants and 5,000 employees in Mexico. Its main food products include a range of condiments and ice cream.
Last year the firm saw worldwide sales exceed $46 billion.
