Home Business-newBusiness Gruma announces million-dollar investment in Yucatan

Gruma announces million-dollar investment in Yucatan

by Yucatan Times
0 comment

The investment will be made through the subsidiary Mission Foods México and will have an installed capacity of 56 thousand tons annually.

GRUMA was founded in 1949 and is engaged primarily in the production of corn flour and tortillas. With leading brands in most of its markets, GRUMA has operations in the United States, Mexico, Central America, Europe, Asia, and Oceania.

Gruma announced on Monday, January 15th, that it will invest 1.5 billion pesos in Yucatán for the construction of a new production plant to meet the growing demand for products in the southeast.

The investment will be made through the subsidiary Mission Foods México and will have an installed capacity of 56 thousand tons per year, which in addition to supplying the region will be destined for export to the United States and Caribbean countries such as the Dominican Republic, among others.

The company that produces tortillas, toast, and packaged snacks, indicated that the complex will be located in the municipality of Hunucmá and generate more than 800 direct jobs in the Yucatán Peninsula, of which 55 percent will be occupied by women.

A significant number of indirect jobs will be created during the construction of the new Mission plant.

According to Gruma, the operation of the new plant will integrate local supply chains for the provision of raw materials, packaging, and general services, which will generate valuable activities and additional jobs for the inhabitants of the area.

“On behalf of our President and General Director of Gruma, Mr. Juan González Moreno, we appreciate the support and accompaniment of the Governor of Yucatán, Mauricio Vila, and his team to carry out this productive project of Mission México and Gruma,” said Nader. Badii González, director of Mission Foods México.

Following the announcement, Gruma shares on the Mexican Stock Exchange (BMV) recorded a gain of 0.04 percent.

TYT Newsroom

You may also like

Our Company

Lorem ipsum dolor sit amet, consect etur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis.

Newsletter

Laest News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept