Overview
- Pilgrim’s Pride and Mexico’s Economy Secretary said the funds will begin rolling out this year and continue through 2030.
- The government projects the investment will generate more than 4,000 direct jobs.
- The company outlined regional allocations: $200 million for Durango and Coahuila, $150 million for Querétaro and Hidalgo, and $950 million focused in the south.
- Pilgrim’s expects to add more than 373,000 tons of annual output, lifting its Mexico operations by about 38%.
- Plans include modernizing plants, adding solar panels and a biogas facility, doubling capacity in Veracruz with a new processing plant, developing a site in the Isthmus of Tehuantepec, and expanding in Campeche and Yucatán.