Swiss Chocolatier to Invest $30 million in Mexico

One of the largest confectioners in the world, Barry Callebaut, will buy the industrial part of Grupo Turin's chocolate plant in Toluca, State of Mexico and will invest $US 30 million before 2015. After sealing the deal with Grupo Turin, Barry Callebaut's CEO, Jesus Carlos Valencia, said that the purpose of the strategic alliance is 'to increase production capacity by up to 20,000 tons per year, with the idea of improving market penetration in central Mexico.'