Ferrero Will Invest $50 Million Dollars in Plant Expansion in Guanajuato
- Ferrero de México will invest around $50 million to expand its Guanajuato plant, including a new production line and warehouse.
- The expansion project aims to increase production capacity and meet export demands to Canada, the United States, and Central America.
Ferrero de México has announced plans to expand its plant in Guanajuato in the second half of 2023, with an investment of around $50 million. Out of this amount, $42 million will be allocated to the new production line, while the remaining $8 million will be invested in a new warehouse.
This investment is part of the company's overall investment plan of $75.3 million until 2024.The expansion project includes the addition of a new production line and a storage center spanning approximately 14,000 square meters on a 24,000 square meter site.
Ferrero de México's current plant produces 42,500 tons of chocolates annually, generating an annual revenue of 9.429 billion pesos. Approximately 40% of the plant's production is exported to Canada, the United States, and Central America.
