MEXICO CITY, Jan 15 (Reuters) – Mexico’s Economy Minister Marcelo Ebrard said on Thursday that poultry producer Pilgrim’s will invest $1.3 billion in the country in the next five years. • The investment will allow Mexico to reduce its current chicken imports by 35%, the minister said. • Pilgrim’s Mexico new investment will generate additional […]
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Pilgrim’s to invest $1.3 billion in Mexico by 2030
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MEXICO CITY, Jan 15 (Reuters) – Mexico’s Economy Minister Marcelo Ebrard said on Thursday that poultry producer Pilgrim’s will invest $1.3 billion in the country in the next five years.
• The investment will allow Mexico to reduce its current chicken imports by 35%, the minister said.
• Pilgrim’s Mexico new investment will generate additional production of about 373,000 metric tons an 4,000 direct jobs
• Pilgrim’s, which has operated in Mexico for nearly four decades, is reaffirming its commitment to the country, its CEO Fabio Sandri said.
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• “Pilgrim’s already has assets in Mexico and is making this new investment because it has done well and because it knows that investing in Mexico is safe,” Mexican President Claudia Sheinbaum said during a morning press conference.
(Reporting by Raul Cortes, Natalia Siniawski and Aida Pelaez-Fernandez; Editing by Gabriel Araujo)