Unilever (UL) will invest 30 billion Mexican pesos ($1.53 billion) in Mexico between 2025 and 2028 to increase its production capacity, including 8 billion pesos for a new factory in Nuevo Leon, Reuters reported Friday, citing a company statement.
The new plant will focus on producing beauty and personal care products.
The company expects the full investment to generate around 1,200 new jobs, according to the media outlet.
Unilever did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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