Nestle has opened a new plant to manufacture a range of infant formula products in Mexico.
The site, in Ocotlan, a city in southern of Mexico, will supply the domestic market and see 40% of its production exported to Latin America, the Caribbean and “other regions around the world”, Nestle said.
Go deeper with GlobalData
Infant formula made at the plant will be sold under brands including Good Start, Nidal and Nestogeno. Nestle said the factory will “triple” its current production capacity in Mexico. The site has created 250 new direct jobs.
“The opening … is a major global milestone for our company. It uses the most advanced technology for manufacturing the highest quality child nutrition products, such as NAN, Good Care, Good Start, Nidal and Nestogeno,” Heiko Schipper, the global CEO for the business’ Nestle Nutrition arm, said.
Nestle’s nutrition arm generated CHF5.17bn in sales in the first half of 2016, a year-on-year increase of 1.3%, a slowdown from the 4.3% growth the business booked in the first six months of 2015. Speaking after Nestle reported its first-half results in August, CFO Francois-Xavier Roger pointed to issues in China and the US.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
