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 1.5K 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 Puerto Escondido Real Estate Market Trends in 2025 January 30, 2025 Why Huatulco is a Top Real Estate Investment... January 23, 2025 Coastal Living in the Yucatan: A Hidden Gem... December 19, 2024 What You Need to Know About Mexico’s Villa... December 9, 2024 Puerto Escondido Property Market Insights: Is Now the... December 6, 2024 Top 5 Reasons to Invest in Huatulco Real... December 5, 2024 3 Places To Buy Property In Mexico (And... December 2, 2024 Local Expert Insights into Puerto Escondido Real Estate... November 21, 2024 Major Expansion Project Announced for Port of Progreso November 19, 2024 The Pros and Cons of Buying Property in... November 15, 2024 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.