Home Investing in Mexico Unilever Announces 5.5-Billion-Peso Investment in its 4 Mexican Plants Unilever Announces 5.5-Billion-Peso Investment in its 4 Mexican Plants by Brent May July 5, 2021 by Brent May 1.2K Unilever has announced plans to invest 5.5 billion pesos (US $277 million) in its four Mexican plants over the next three years. The company, which owns brands such as Knorr, Hellman’s, Dove and Holanda ice cream, plans to increase production of its food, hygiene and personal care products. The company also announced that it will begin exporting ice cream to all of North America. “This investment will allow us to grow the production and increase the exportation of our products by roughly 20 billion pesos [US $1 billion] over the next three years to our main commercial partners, which are the United States, Canada, the Caribbean, Central and South America and some European countries,” said Reginaldo Ecclissato, president of Unilever in Mexico and Northern Latin America. Economy Minister Tatiana Clouthier celebrated the announcement. “It speaks to importance of the USMCA [trade agreement] as a strategic point for exports,” Clouthier said. “Unilever directly provides work for more than 6,500 people, imagine what it is generating indirectly … investors have confidence in Mexico, its economy and the labor force.” The four Unilever plants are located in Mexico City, Morelos and México state. The British-based company said the new investment will lead to the creation of 3,000 new jobs, directly and indirectly. Source: Mexico News Daily 0 FacebookTwitterPinterestEmail Brent May Brent May is the GM and Founder of Mexico Living. He is highly motivated and strives for excellence in order to provide the best service possible for foreigners buying property in Mexico. He understands some of the frustrations people may have while searching for a property in paradise and has learned from his own experiences buying and living in Mexico. Brent and his wife are grateful for the opportunities they have and to be able to live in a place most people vacation in. Brent's extensive knowledge and experience in the buying process will leave you at ease while buying property in Mexico. previous post Ikea will Open Second Store in Puebla City Next Year next post Playa Sisal You may also like What Sets Puerto Escondido Apart from Other Markets March 15, 2024 Investing in Real Estate in Huatulco: Short &... March 1, 2024 How to Secure Your Piece of Mexico’s Economic... February 21, 2024 Huatulco and the Oaxaca Coast: A Top Emerging... February 1, 2024 How To Promote Your Vacation Rental Property in... August 30, 2023 How to make your investment property guest friendly July 26, 2023 How Puerto Escondido is Redefining Design Trends July 19, 2023 What To Do in Mazatlàn June 21, 2023 Camino Real Zaashila Huatulco Invested 60 Million Pesos March 31, 2023 Mexico Real Estate 2022 Market Report and Looking... February 22, 2023 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ