Mattel to expand its toy production in Mexico

Mattel MAT $22,42 +2% Buy Walt Disney DIS$137.48 -2,63% Buy "Children's World" DSKY$89.56 +2,35% Buy

The management of the American toy manufacturer Mattel has decided to increase production at its plant in Mexico in order to optimize the supply chain. It is reported by Reuters.

“Producing close to our main customer without the need to transport from Asia improves our competitiveness and is also more financially beneficial in terms of logistics costs,” said Gabriel Galvan, Managing Director of Mattel Latin America.

According to statements, Mattel plans to double its investment   in the plant in Mexico over the next five years.

Follow the news of the companies in the telegram channel "Catalog of RBC Investments"

Investment is the investment of money to generate income or to preserve capital. There are financial investments (purchase of securities) and real ones (investments in industry, construction, and so on). In a broad sense, investments are divided into many subspecies: private or public, speculative or venture, and others. More