Home Depot (HD) plans to invest more than $1.3 billion in Mexico through 2028, Bloomberg reported Thursday, citing the Mexican Economy Ministry's Director for Strategy and Institutional Organization Ximena Escobedo at a press briefing.
Home Depot's target is to have 100% of products locally made, up from 85% now, the report added, citing President of Home Depot Mexico Jose Antonio Rodriguez Garza.
Home Depot didn't immediately respond to a request for comment by MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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