Three Companies Announce $7.35 Billion USD in Investments in Mexico

Cisco Systems, Nestlé and PepsiCo informed President Enrique Peña Nieto of their planned investments in Mexico, which together total $7.35 billion USD.

In separate speeches, President Peña Nieto thanked the companies for their confidence in Mexico. “I think that in the context of Mexico’s participation in the World Economic Forum in Davos, it is very encouraging to see the enthusiasm elicited by our country because of the structural changes it is implementing, the platform being built to boost economic growth and the social development of our country,” he declared.

He hailed the fact that the structural changes and public policy Mexico has adopted to boost economic growth also encourage productive investment for our country, “And that they will contribute to the economic development of our nation, and especially to creating jobs for Mexicans.”

President and CEO of PepsiCo Indra Nooyi announced that over the next few years, Pepsico will assign an investment of five billion dollars to areas of innovation, infrastructure, agriculture and community care, which is expected to generate approximately four thousand jobs.

“This investment demonstrates our confidence in your presidency and your cabinet, Mr. President, and I hope that we will be able to grow in Mexico, with Mexico and for Mexico,” she told the president.

For his part, CEO of Cisco Systems John Chambers announced that this company will invest $1,35 billion USD in Mexico, which will create approximately 900 jobs for Mexico in the field of manufacturing, sales, maintenance and informatics and telecommunications equipment consultancy.

“Cisco can be your partner in achieving the economic goals you have set,” he told President Peña Nieto.

Nestlé CEO Paul Bulcke announced that this company, with operations in Mexico since 1930, will invest a billion dollars in the country, with the aim of increasing its production and infrastructure capacity.

He said that a large portion of the investment will be assigned to the construction of two new factories: a children’s food factory in Ocotlán, Jalisco, and a pet food facility in Silao, Guanajuato. They will also expand their cereal factory in Lagos de Moreno, Jalisco, which, together with other facilities, will have greater capacity and technology.

That will allow us to create 700 direct jobs, plus 3,500 indirect jobs,” he explained.

“He declared that although they have invested steadily in Mexico, they have not built completely new factories since 1992. Mexico is Nestlé’s second largest market in Latin America and its sixth largest worldwide.