Nestle to invest $1 billion in Mexico over three years, president says
A logo of food giant Nestle is seen in a building in Orbe · Reuters

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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)