Mission Foods Mexico is set to enhance its snack production with the announcement of a new plant. This expansion aims to boost the company's capacity to meet growing consumer demand. The initiative signals a strategic move towards catering to evolving market trends and ensuring a stronger presence in the snack industry.
Mission Foods Mexico, a subsidiary of Gruma SAB de CV, has announced plans to invest 792 million pesos ($46.5 million) over the next five years to bolster its operations in Puebla, Mexico. The investment will involve the construction of a new snack plant in Puebla and the expansion of its existing tortilla, toast, and fried food plant in Huejotzingo. This strategic move is driven by the growing demand for Mission Foods' products in the Central, Bajio, and southern regions of Mexico.
Once completed, the investment will provide Mission Foods with an installed capacity to produce 70,200 tonnes of products annually. Additionally, the expansion initiative is expected to create 440 direct jobs in Puebla, with 55% of these positions anticipated to be filled by female personnel. This investment underscores Mission Foods' commitment to meeting the evolving needs of consumers in Mexico while contributing to job creation and economic growth in the region.
Mission Foods Mexico, a subsidiary of Gruma SAB de CV, is set to embark on a substantial investment journey, with plans to inject 792 million pesos ($46.5 million) over the next five years into its operations in Puebla, Mexico. This investment will include the construction of a new snack plant in Puebla, as well as the expansion of its existing Huejotzingo facility, which produces tortillas, toast, and fried food.
The decision to invest stems from the increasing demand for Mission Foods' products in key regions of Mexico, including the Central, Bajio, and southern areas. Once completed, the investment will bolster the company's production capacity, allowing it to churn out 70,200 tonnes of products annually.
Moreover, this initiative is not only about expanding operations but also about fostering employment opportunities in the region. The investment is expected to create 440 direct jobs in Puebla, with a notable emphasis on gender diversity, as 55% of these positions are slated to be filled by female personnel.
Nader Badii Gonzalez, Director of Mission Foods Mexico, highlighted the company's commitment to the state of Puebla, emphasizing its track record of job creation and its dedication to fostering economic growth in the region.
This announcement follows closely on the heels of another significant expansion initiative unveiled earlier in 2024. Mission Foods revealed plans to invest $87.5 million over the next six to eight years in building a production plant in Hunucma, Yucatan, Mexico. This facility will focus on producing tortillas, toast, and packaged snacks, with an eye toward exporting products to the southeast region of the United States and Caribbean countries like the Dominican Republic.
Source: Food business news