Conagra Brands invests in Mexico plant [Yahoo! Finance]
ConAgra Brands, Inc. (CAG)
Last conagra brands, inc. earnings: 3/31 07:28 am
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Source: Yahoo! Finance
In a statement, the US-based frozen foods and snacks producer said the investment at the Irapuato, Guanajuato, site “reinforces” its “growth strategy” and capacity in Mexico, while responding to changing consumer demands. The funding will be used to extend production lines, with a particular focus on packaging technology, and to streamline processes and raise output, according to the statement. Just Food has asked Conagra Brands for more details on the investment's scope, the capacity impact, and the brands supported by the cash injection. Alberto Cavia, Conagra Brands CEO for the country, said in the statement that Mexico is a “key market” where the group employs over 800 people. The “expansion of our plant in Irapuato not only strengthens our production capabilities but also reflects our long-term commitment to sustainable growth, innovation, and the development of the food sector in Mexico”, Cavia added. The Irapuato site is described by the company as a “strategic pilla
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