Nestlé to Invest US$1 Billion in Mexico from 2025 to 2027

Nestlé will invest US$1 billion in productive projects in Mexico between 2025 and 2027. The financing is part of the projects included in Plan México, a development strategy promoted by the federal government.  

The announcement was made by Steve Presley, CEO, Nestlé Americas, and Fausto Costa, Executive President, Nestlé Mexico, during an official meeting at the National Palace, attended by President Claudia Sheinbaum and Marcelo Ebrard, Minister of Economy. The investment program includes expanding production line capacity at Nestlé Mexico’s plants in Veracruz, Guanajuato, Queretaro, and the State of Mexico, as well as developing a new distribution center. These actions aim to consolidate Nestlé Mexico as an export hub.  

In addition to infrastructure investment, the company will continue supporting the development of Mexico’s agricultural sector through programs designed to transform farming communities by providing technical assistance, training, and promoting sustainable agricultural practices. For instance, the NESCAFÉ Plan will invest approximately MX$20.5 billion (US$997.1 million) by 2030 to help Mexican coffee growers transition to regenerative agriculture. The program aims to ensure that 20% of its coffee supply comes from regenerative farming methods by 2025 and 50% by 2030.  

Similarly, the Nestlé Cocoa Plan, an initiative implemented since 2013, seeks to reactivate the country’s cocoa sector, ensure the sustainable production of the crop, protect the environment, and improve the quality of life for cocoa farmers. The project operates in Tabasco, Veracruz, and Chiapas, involving more than 3,500 producers. By 2023, the program had renewed 2,000ha of unproductive cocoa plantations by propagating improved cocoa varieties.  

Presley emphasized that Mexico has become Nestlé’s fourth most important market worldwide and the second in terms of investment. Moreover, he highlighted that agricultural product purchases during the agreed period are expected to reach US$2.04 billion, thereby supporting local farmers and contributing to the country’s socioeconomic growth.  

Costa stated that these projects aim to benefit local communities. “Every investment in our operations is designed to positively impact the economic development and prosperity of the states where we operate, as well as to strengthen our value chain and create shared value for communities and the environment,” he said.  

President Sheinbaum pointed out that this announcement is part of Plan México, a comprehensive strategy aimed at positioning the country as a regional leader in economic development, social equity, and other key areas. On Jan. 13, she unveiled the first draft of the plan, which includes a portfolio of US$277 billion in national and foreign investments across 2,000 projects. These cover key sectors such as textiles, automotive, pharmaceuticals, aerospace, agribusiness, and electromobility.  

Nestlé Mexico has been operating in the country for 94 years. It currently employs more than 13,000 people directly and half a million within its value chain. Moreover, 45.6% of its workforce is composed of women. During President López Obrador’s administration, Nestlé’s investments in Mexico totaled US$1.5 billion.