MEXICO: Nestle commits to six-year investment in Mexican dairy
Nestle looks to lift Mexican milk production
Nestle today (19 September) unveiled a plan to invest MXN700m (US$52.9m) over the next six years to increase milk production in Mexico.
Nestle is Mexico's third-largest milk buyer. The company said it will spend MXN400m to finance production and infrastructure. Another MXN300m will be invested in providing "technical assistance" in the milk and whey supply chains, Nestle added.
The Swiss food group said the move was part of its global drive to form closer ties with farmers in a bid to "understand the practical problems" that impact their business - and ultimately Nestle's own business - over the long term.
Nestlé Mexico announces six-year investment to increase milk output
Nestlé Mexico has announced plans to invest 700 million pesos (CHF 50m) over the next six years to increase milk production in the country.
The planned investment is part of Nestlé's ongoing efforts to build close links with dairy farmers around the world in order to better understand the practical problems that affect their businesses and, ultimately, Nestlé's over the long term.
Under the commitments announced, Nestlé Mexico will invest 400 million pesos to finance production and infrastructure.
Another 300 million pesos will be invested in providing technical assistance in the milk and whey supply chains in Mexico. Whey is a lactose and protein by-product from the cheese-making process.
Mexico is one of around 30 countries globally where Nestlé buys milk directly from producers. Nestlé Mexico is the country's third biggest milk buyer. The company has been buying milk directly from dairy farmers in Mexico since 1935.
Nestlé works with over 400,000 dairy farmers around the world as part of its Farmer Connect direct sourcing programme.
Read more about Nestlé's work with dairy farmers around the world.
Original source: Nestle
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