Pascual Boing builds plant in Querétaro

Yesterday, the Pascual Workers' Cooperative began constructing its new complex in the Valle de Oro subdivision of San Juan del Río, located in the industrial market of Querétaro. The Mexican soft drink company plans to invest 200 million pesos for the start-up of its new plant, which is expected to create 100 direct jobs and 500 indirect jobs.

The Pascual Boing complex will be capable of storing up to 13,000 drums of fruit pulp from Mexican producers. According to the company, these facilities will play a fundamental role in the soft drink company's logistics strategy to generate local sales and become a general distribution center (CEDIS) for self-service stores nationwide.

Pascual Boing's investment in Querétaro is contributing to the expansion of the region's industrial market. According to SiiLA Market Analytics data, the demand for space in Querétaro has been consistently increasing over the past two years. Between 2020 and 2022, an average of 270.8 thousand square meters were added annually. During the same period, the average availability rate in Querétaro's industrial market was 4.7%, indicating a stable market with a high level of space occupancy. Gross absorption has increased, breaking a record in 2022, and net absorption has remained positive.

These statistics show that Querétaro's industrial market is growing, and the demand for space exceeds the outflows, even with high occupancy levels of newly incorporated spaces. During the announcement of the new complex, the President of the Board of Directors of Cooperativa de Trabajadores Pascual, Antonio Samaniego Villanueva, mentioned that despite the complex economic environment in the last three years, the company was able to consolidate its new project.

"We have gone through difficult situations such as the pandemic and war conflicts that hindered the arrival of production materials, putting us to the test. This year, we will have to operate projects like this one to achieve our expansion objectives," Samaniego explained.

The municipal president of San Juan del Rio, Roberto Cabrera, also stated that both the town and the state are becoming "a pole of industrial development," and Pascual Boing's investment is a "cornerstone for the growth [...] to come."

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