Unilever to Invest US$275 Million in Four Plants in Mexico

Unilever announces $275 million investment to expand production in Mexico.
Investment aims to increase exports and create over 3,000 jobs.

Unilever to invest 5.5 billion pesos in production expansion in Mexico. Photo: Karin Salomão/Exame

07/02/2021

Unilever, the multinational company, has announced an investment of 5.5 billion pesos (approximately 275 million dollars) to expand its production in its four plants in Mexico between 2021 and 2024. The investment aims to increase production and export to key trading partners such as the United States, Canada, the Caribbean, Central and South America, and some regions of Europe. The expansion includes the production of food brands and the ice cream category for North America, as well as increasing the capacity of factories for personal care and hygiene products.

Unilever expects this investment to boost exports, support small and medium-sized enterprises, and create over 3,000 direct and indirect jobs. The company emphasizes its commitment to social and environmental responsibility, utilizing recycled materials and 100% renewable energy. Unilever's investment demonstrates confidence in Mexico's location, free trade agreements, and the country's workforce.

The Secretary of Economy, Tatiana Clouthier, expresses gratitude for Unilever's contribution to improving health, employment opportunities, and the international perception of Mexico. In a similar vein, Mexican brewer Grupo Modelo has also announced an investment of 3 billion pesos (approximately 150 million dollars) to expand its bottle factory in Tierra Blanca, Veracruz, creating 300 direct jobs.

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.