Nestlé doubles its investment in Mexico to $2,000 million by 2030

Nestlé will double its investment in Mexico to $2,000 million by 2030. Coffee, animal food and 2,000 producers from Veracruz are part of the plan.

Nestlé will double its investment in Mexico, from $1,000 million to $2,000 million by 2030, President Claudia Sheinbaum announced on October 8, 2026, after welcoming the CEO of the Swiss company, Philipp Navratil, at Palacio Nacional.

It is the second capital expansion Nestlé has committed to in the current six-year term. La Jornada reported that the company will move from $1,000 million to $2,000 million over the six-year term, a figure the president shared after the meeting. The first tranche, $1,000 million for the 2025-2027 period, was announced in June 2025 and is about to conclude, according to La Crónica de Hoy. The additional resources will be allocated to different segments of the food industry, among them coffee and animal food. Nestlé has operated in Mexico since 1930, when it began importing products, and its first production plant opened five years later in Ocotlán, Jalisco. According to the company, Mexico ranks among its 10 largest markets by business volume, alongside Brazil.

From 2028 to 2030, the company plans to boost domestic production and local sourcing with 70,000 coffee plants and the incorporation of 2,000 producers from Veracruz, according to El Universal. The company runs 18 production plants in Mexico and employs 12,500 people in states such as Guanajuato, Jalisco, Chiapas and Veracruz; the country is its fifth most important market, according to corporate information compiled by El CEO. According to its own website, Nestlé buys nearly 20% of Mexico's national cocoa production. A plant in Veracruz whose construction began under the previous administration is about to be inaugurated. The company did not detail the breakdown of the additional $1,000 million by plant, state or project.

For a food operator or an agricultural producer, the figure leaves open the question of how much of that additional $1,000 million will reach local suppliers and under what purchasing conditions. The announcement included neither a disbursement schedule nor the amount allocated to each segment; both data points define whether the capital translates into contracts for the Mexican supply chain.

This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.

Nestlé doubles its investment in Mexico to $2,000 million by 2030

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