Tim Hortons expansion in the State of Mexico, Digi Mart USA News (Ocoyoacac, State of Mexico): The coffee chain Tim Hortons has reached 32 locations in the State of Mexico with the opening of its second unit in Ocoyoacac. The opening is part of an investment project of 1,100 million pesos that plans to reach 80 establishments and generate about 1,600 direct jobs in the state by 2028.
Laura González Hernández, secretary of Economic Development of the State of Mexico, reported that investments of 440 million pesos have been completed so far, and the branches already installed generate more than 450 jobs. She noted that the state concentrates 93,165 economic units in the food and beverage preparation sector, which employs 262,600 people and contributes approximately 37 billion pesos to state added value.
According to the official, the expansion plan covers the period from 2023 to 2028 and includes new units in municipalities such as Tlalnepantla, Naucalpan, Cuautitlán Izcalli, Tecámac, Ecatepec, Coacalco, Toluca, Metepec, Chalco, Huixquilucan and Nezahualcóyotl, with investments exceeding 10 million pesos per establishment. She said that of the 1,100 million pesos planned, 440 million have been materialized so far, along with the opening of 32 branches in that period, and that eight more will open in the State of Mexico during the rest of the year.
The official also stated that the food and beverage preparation sector represents 8.6% of the national added value of this activity, according to figures presented by the Secretariat of Economic Development. She added that the company operates about 235 branches nationwide, of which roughly 12% are located in the State of Mexico.
Juan José Gutiérrez, general director of Tim Hortons Mexico, said the state’s geographic location, road connections and concentration of consumers make it one of the main investment destinations for the chain. He also highlighted the importance of operating conditions and available services for establishing new commercial units.
He said the road and supply system, along with the population concentration, makes the state one of the most attractive places for investment in consumption in Mexico.
The chain said it expects to close the year with at least eight new branches in the State of Mexico. It also said that since beginning operations in Mexico in 2017, its purchases of supplies from local producers have risen from 30% in its early years to 75% at present.
