Nestle to invest $1 billion in Mexico over three years, president says

MEXICO CITY (Reuters) – Packaged food company Nestle will invest $1 billion in Mexico over the next three years to boost production of various products, Mexican President Claudia Sheinbaum said on Tuesday.

Sheinbaum made the announcement in a video on social media alongside Nestle executives.

(Reporting by Brendan O’Boyle; Editing by Aida Pelaez-Fernandez)