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.)
Price: 394.42, Change: +3.94, Percent Change: +1.01
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.