The Swiss giant is planning to increase the capacity of production plants in Veracruz, Guanajuato, Querétaro and the State of Mexico.

"We appreciate the trust placed in our country,” Mexico's President Sheinbaum posted on Tuesday about Nestlé's planned investment in Mexico.

Nestlé (NSE:NEST) plans to invest $1 billion in Mexico over the next three years to expand production across multiple product lines, according to Mexican President Claudia Sheinbaum. She announced the investment

Nestlé's new beverage factory and distribution center is now nestled in Glendale. The city of Glendale hopes this facility will help brew even more economic development. FOX 10's Lauren Clark has more.