Coca Cola, Constellation Brands and PepsiCo invest in Mexico

Three food & beverage giants have recently announced major investments in Mexico.

In April this year, Coca Cola inaugurated the Jugos del Valle Santa Clara plant in the municipality of Lagos de Moreno (state of Jalisco), which will also be used to develop the milk-based product business. The plant involved an investment of $105 million and will create more than 3,700 jobs. The multinational has been operating in Mexico for more than 90 years and generates 1.4% of GDP at a national level.

Likewise, the US company Constellation Brands has announced that it plans to invest around US $750 million in Mexico during 2020. For 2019 it has allocated US $886 million to capital expenditures, including US $720 million for the beer industry, mainly for expansion of the Nava brewery and the start-up of a glass production plant in Coahuila. The remaining US $166 million will serve to improve existing operating facilities and replace existing equipment.

In 2019 and 2020 PepsiCo plans to invest US $4 billion through its Mexican branch in the state of Guanajuato (northeast of Mexico City) together with its partner Grupo Gepp. Part of the investment will go towards a $109 million new plant which should be operating at full capacity by 2025, generating around 1,000 new jobs.