Nestlé to invest additional US $1B in Mexico before 2030
Swiss food and beverage multinational Nestlé plans to increase its announced investment in Mexico from US $1 billion to $2 billion during President Claudia Sheinbaum’s administration. The post Nestlé to invest additional US $1B in Mexico before 2030 appeared first on Mexico News Daily
Nestlé, the global Swiss food and beverage corporation, is set to double its reported investment in Mexico before the end of President Claudia Sheinbaum's term in 2030, Sheinbaum announced on Thursday after a meeting with Nestlé CEO Philipp Navratil at the National Palace. Sheinbaum stated that during 2028-2030, the company will expand national production and local supply by introducing 70,000 coffee plants and incorporating 2,000 producers from Veracruz.
This investment increase comes shortly after Sheinbaum's second meeting with Nestlé executives in October 2026, following a similar discussion with Nestlé executives in January 2025. During her October 9 press conference, Sheinbaum confirmed that the prior $1 billion investment has already been executed, funding the expansion of production lines in Veracruz, Guanajuato, Querétaro, and México state, along with the construction of a new US $180 million distribution center in Zumpango, México state, aimed at transforming Mexico into an export hub for Nestlé.
In 2025, Mexico ranked as Nestlé's fourth-largest market worldwide and its second-most-attractive market for investment.
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