UK consumer goods giant Unilever to invest $1.5 bn in Mexico

Mexico City: British consumer goods giant Unilever said Friday that it would invest $1.5 billion in Mexico, which is wooing foreign companies in the f...

Mexico City: British consumer goods giant Unilever said Friday that it would invest $1.5 billion in Mexico, which is wooing foreign companies in the face of US President Donald Trump's trade war.

"This investment will create 1,200 new direct and indirect jobs in Mexico," Unilever's chief supply chain and operations officer Willem Uijen said at President Claudia Sheinbaum's daily news conference.

The announcement follows other major investment pledges by company executives invited to appear on stage with Sheinbaum at the presidential palace.

"It means they see a positive and promising future for Mexico," Economy Minister Marcelo Ebrard said.

In March, US retail giant Walmart said that it would invest more than $6 billion in Mexico this year, generating several thousand jobs.