Nestle to invest $390 mln in Mexico coffee plant

MEXICO CITY, Jan 30 (BestGrowthStock) – Nestle (NESN.VX: ), the
world’s biggest food group, said on Saturday it will invest 5
billion pesos ($390 million) in Mexico over the next three
years to increase coffee processing capacity, part of a $1
billion expansion plan.

“The majority of these 5 billion pesos will be invested in
the Nescafe instant coffee processing plant,” Nestle said in a
statement, adding that the investment would increase capacity
by 40 percent at the factory in Toluca near Mexico City.

Mexico, a major world coffee producer, has struggled to
improve the quality of its beans in recent years but is
positioning itself as a processor of coffee to serve U.S. and
European markets.

Nestle said it planned to invest $1 billion in Mexico
between 2008 and 2012.

Stock Market Today
(Reporting by Adriana Barrera)

Nestle to invest $390 mln in Mexico coffee plant