Mexican dairy group Grupo Lala is investing more than US$30m in the construction of a new dairy processing plant in neighbouring Guatemala.
Lala chairman Eduardo Tricio Haro said the new facility will process milk, ice cream and other dairy products and create “around 3,000 jobs both direct and indirect”.
The plant is being built in the Michatoya industrial park in the municipality of Palín and is expected to start operations in the first quarter of 2018, Tricio Haro told a meeting of the Guatemala-Mexico Business Forum, attended by the presidents of Mexico and Guatemala – Enrique Peña Nieto and Jimmy Morales.
“Around 1,500 Guatemalan producers will provide us with the milk, and we will work with them to improve quality processes, productivity and sanitary control,” Tricio Haro said. “Our countries share common challenges. One of them is to expand opportunities for shared growth. With this investment, Lala wants to bring together the best traditions of cooperation and trust between our nations and strengthen mutual prosperity.”
Peña Nieto said Lala’s investment “stood out” as an example of Mexico’s plans to “promote trade and production” with Guatemala and other countries in the region.