Nestle has unveiled a plan to invest MXN700m ($52.9m) over the next six years, in a bid to increase milk production in Mexico.
Of the total MXN700m ($52.9m), the company will spend MXN400m ($30.2m) to finance production and infrastructure while another MXN300m ($22.6m) will be invested in providing technical assistance in the milk and whey supply chains.
The planned investment is part of Nestlé's ongoing efforts to build close links with dairy farmers around the world in order to better understand the practical problems that affect their businesses and, ultimately, Nestlé's over the long term.
Nestle is Mexico's third-largest milk buyer. The company has been buying milk directly from dairy farmers in Mexico since 1935.
Nestlé works with over 400,000 dairy farmers around the world as part of its Farmer Connect direct sourcing program.
