Swiss food giant Nestle plans to build a $400 million plant in Ocotlan, a city in the western Mexican state of Jalisco, press reports said Tuesday.

The company, which currently has 14 plants and employs 16,000 people in Mexico, will create 350 jobs at the new facility, which will be one of the multinational's largest plants, the Reforma newspaper said.

Construction of the plant could start before the end of this year, the daily said, citing Nestle Mexico vice president for communications and corporate affairs Mario Vera.

Nestle, which opened its first plant in Mexico in 1935 and already has four plants in Jalisco, has invested $1 billion in the North American country in the past five years.

The Swiss food giant sells milk, ice cream, cereal and infant formula under different brands.