Unilever Plc will build a manufacturing plant in the northern Mexican border state Nuevo Leon as part of a $400 million investment in the country over the next three years, the company said on Tuesday.
The plant, which will be located in Salinas Victoria on the outskirts of Monterrey, will manufacture beauty and personal care products, Unilever said.
New Jobs
The investment will bring in 1,200 new direct and indirect jobs, the company added.
Unilever already operates four plants in the country, which is a key centre for exports to other nations, the company said.
The newest plant is set to open in 2024, Unilever said.
In recent months, major producers from Mattel Inc to BMW have opted to invest in Mexico as part of a boom in 'nearshoring' or bringing supply chains closer to their final destination.
New CEO
Last month Unilever appointed Hein Schumacher to replace Alan Jope as chief executive from 1 July in a move that was welcomed by board member and activist shareholder Nelson Peltz.
Schumacher, 51, joined Unilever in October last year as non-executive director and is currently the chief of Dutch dairy business FrieslandCampina.
His appointment marks the first time Unilever has given the top job to a non-Unilever executive since it poached Paul Polman from Nestlé in 2008.
Unilever, One of the biggest consumer companies in the world with more than 400 brands ranging from detergent to ice cream, said in September said that Jope planned to retire at the end of 2023.
Read More: Unilever Names Dutch Dairy Boss Schumacher As CEO
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