Mexico City, Mexico — The Ministry of Economy says U.S.-based company Pilgrim’s is set to invest $1.3 billion USD in its Mexico production facilities. Pilgrim’s, a global chicken producer, will invest the money in Mexico between 2026 and 2030.
The large injection is part of the Mexico Plan, generating more than 4,000 direct and 16,000 indirect jobs in the states of Veracruz, Yucatán, Campeche, Durango, Querétaro, San Luis Potosí and Hidalgo.
Economy Secretary Marcelo Ebrard said Thursday that the investment plan over next five years will consists of $200 million to Durango and Coahuila, $150 million to Querétaro, San Luis Potosí and Hidalgo and $950 million to Veracruz, Campeche and Yucatán.
President Claudia Sheinbaum Pardo highlighted that Pilgrim’s $1.3 billion investment demonstrates that investing in Mexico is safe and contributes to the Mexico Plan and food self-sufficiency.
“This investment they’re making, because it’s essentially for the domestic market, is because they’ve been successful and because they know that investing in Mexico is safe and allows them to continue growing.
“Obviously we want to guarantee food self-sufficiency and sovereignty, which is a broader concept, with these companies and also with local production with the work done by small producers through not only grain production but also livestock production.
“So, it’s both sides: industrialized agricultural production and the small producers who we want to be able to make a good living from their production. Therefore, it certainly contributes to the Mexico Plan and to the country’s food self-sufficiency,” she said Thursday during the morning announcement.
Casaubon explained that Pilgrim’s has been in Mexico more than 38 years and its investment contributes to the goal of increasing food self-sufficiency. With this five-year investment plan, Mexico will reduce its chicken imports by 35 percent.
Pilgrim’s Mexico president José de Jesús Muñoz Velasco explained that this investment will increase production by more than 373,000 tons. To achieve this, the chicken hatchery and feed plant will be expanded, new fattening farms and a new poultry processing plant will be built, current production farms will be relocated and the hatchery processing plant will be modernized.
He says Pilgrim’s currently has 12,600 employees across Mexico and generates 50,000 indirect jobs through its partner farmers, logistics and supply chain, which deliver food to 30 million Mexican consumers.
Pilgrim’s Pride Corporation’s Global CEO, Fabio Sandri, commented that Pilgrim’s growth is carried out responsibly and with a long-term vision for the benefit of Mexican families and the communities where they have a presence.
The company is headquartered in Greeley, Colorado, with operations in 12 U.S. states, as well as in Mexico and Puerto Rico. Pilgrim’s works with more than 4,000 family farms in the U.S. and Mexico.
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