Nestlé to invest $2 billion in Mexico through 2030

Nestlé plans to double its planned investment in Mexico, raising its commitment from $1 billion to $2 billion through 2030. Mexican President Claudia Sheinbaum announced the program after meeting on October 8, 2026, with Philipp Navratil, executive director of Nestlé, at the National Palace.

The fresh capital marks the company's second major commitment under Sheinbaum's administration. Nestlé had presented a $1 billion investment plan in June 2025 for the 2025 to 2027 period to expand its manufacturing facilities, an allocation that has already been completed according to the president.

Between 2028 and 2030, Nestlé will boost domestic output and local coffee sourcing by distributing 70,000 coffee plants and integrating 2,000 growers in the state of Veracruz.

Mexico represents Nestlé's fifth-largest market globally, where it markets more than 80 brands. The group operates 18 production plants across states including Guanajuato, Jalisco, Chiapas, and Veracruz, employing 12,500 people, and buys nearly 20% of domestic cocoa output.