Unilever announced on Thursday it would invest 5.5 billion Mexican pesos ($275.2 million) to expand the production capacity of its four manufacturing facilities in the country over the next three years.
The factories are located in Lerma and Tultitlan, Morelos and Mexico City, according to a report in Mexican journal, Milenio.
Reginaldo Ecclissato, president of Unilever Mexico and North Latin America, told media the investment would help increase export capacity to approximately 20 billion pesos ($1 billion) over three years to the United States, Canada, the Caribbean, Central and South America, as well as some European countries.
In addition to boosting exports and growing and developing Unilever’s brands, he said the move would also help develop small and medium-sized companies in the country, generating more than 3,000 jobs.
Ecclissato also highlighted Unilever’s previous investments in Mexico of four billion pesos ($200 million) from 2018 to 2020. This new announcement reiterates the company’s commitment to economic development and sustainable growth in Mexico, he added.