Nestle Percolates Mexico Investment

Multinational food company Nestle says it will invest MXP5bn ($390m) in Mexico over the next 3 years. It aims to strengthen its production capacity and infrastructure in that market, said CEO Paul Bulcke during the World Economic Forum meetings in Davos, according to a company statement. A major part of the MXP5bn will be invested in the Nescafe soluble coffee plant in Toluca. Nestle will increase the facility’s capacity by 40%, which will make it the biggest soluble coffee plant in the world.