British consumer goods company Unilever will invest $30 billion pesos (US $1.5 billion) in Mexico over the next three years to increase production capacity.
Mexico’s Economy Minister Marcelo Ebrard made the announcement during President Claudia Sheinbaum’s Friday morning press conference.
“It’s important to recognize that these investment announcements are being made in an uncertain economic environment,” Ebrard said. “So beyond the [monetary] value, the fact that companies are investing in Mexico means they see a positive and promising future for Mexico.”
The Unilever investment includes an additional 8 billion pesos (US $407 million) to complete a new factory in the northern state of Nuevo León. The company set aside US $400 million in 2023 to start building the factory.
The factory will be located in the municipality of Salinas Victoria, Nuevo León, about 38…
