Daily Management Review

Cisco Has ‘$4 billion’ Worth Expansion Plan


09/28/2016


Mexican government released the news of Cisco’s plans in the country.



Cisco Systems Inc. is known in the U.S. for making “networking equipments”, whereby the company now has plans of expanding in Mexico which would cost over “$4 billion” between the period of “2016 and 2018”, informed the government of Mexico on Tuesday, the 27th September 2016.
 
According to the statement issued by the government, the chief executive officer of Cisco, Chuck Robbins, broke the news in a “meeting with Mexican President”, Enrique Pena Nieto.
 
Furthermore, Reuters inform that:
“The expansion would boost output in Mexico of products ranging from routers, servers, switches and wireless access points, as well as spur the creation of 270 jobs and 77 indirect jobs, the government said”.
 
Nevertheless, what was unclear is the amount of money announced, as mentioned earlier, has already been used in the “company's plans for the country”.
 





References:
http://www.reuters.com/







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