£42M investment in tortilla factory to create 120 jobs
The world’s biggest tortilla manufacturer, Gruma, will invest £42M in expanding its facility in Coventry.
The facility makes wraps, flatbreads and a range of Mexican tortilla chips and salsa dips for all the major UK supermarkets. It also supplies foodservice.
The announcement was one of many deals agreed with Mexico as part of David Cameron’s trade mission to Mexico on June 20.
The trip was designed to boost Britain’s business links with one of the world’s emerging economic powers.
Cameron set a target of doubling bilateral trade and investment with Mexico from £2.1bn in 2010 to £4.2bn by 2015.
Emerging economies
The Prime Minister regards building trade links with emerging economies such as Mexico as an important part of his strategy to restore growth in the UK.
Meanwhile earlier this week, Paul Grimwood, chairman and ceo of Nestlé UK, highlighted the shared vision between the industry and government announced last December to deliver 20% growth in the sector by 2020.
Speaking at a parliamentary reception at the House of Commons on Monday [June 25] organised by the Food and Drink Federation, Grimwood, who is also the federation’s vice president, said: “That’s ambitious. But we are confident with the entrepreneurial drive of our members and with the right policy framework from government that we can actually achieve that objective.
“We need to make sure that we deliver a strategy that drives that continued growth through the Food and Drink Export Action Plan.”
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