Thursday , November 21 2024
Home / SNB & CHF / Nestlé invests CHF99 million in factory expansion in Indonesia

Nestlé invests CHF99 million in factory expansion in Indonesia

Summary:
The ground breaking ceremony of Nestlé’s fourth production plant in Indonesia in 2013. The Swiss food giant has announced plans to invest CHF99 million (around 0 million) to expand three factories in Indonesia. The goal is to increase Nestlé’s production capacity in the country by 25%, according to a company announcement on Wednesday. The recipients of the funds will be three production plants in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung). The main product lines that will receive a boost include beverage items like Milo chocolate drink, Nescafé ready-to-drink coffee and Bear brand milk, as well as Maggi food seasoning. “Through this investment, we hope to increase the quality of raw materials

Topics:
Swissinfo considers the following as important: , , , , ,

This could be interesting, too:

Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI

Ryan McMaken writes A Free-Market Guide to Trump’s Immigration Crackdown

Wanjiru Njoya writes Post-Election Prospects for Ending DEI

Swiss Customs writes Octobre 2024 : la chimie-pharma détermine le record à l’export

Nestlé invests CHF99 million in factory expansion in Indonesia

The ground breaking ceremony of Nestlé’s fourth production plant in Indonesia in 2013.

The Swiss food giant has announced plans to invest CHF99 million (around $100 million) to expand three factories in Indonesia.

The goal is to increase Nestlé’s production capacity in the country by 25%, according to a company announcement on Wednesday.

The recipients of the funds will be three production plants in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung). The main product lines that will receive a boost include beverage items like Milo chocolate drink, Nescafé ready-to-drink coffee and Bear brand milk, as well as Maggi food seasoning.

“Through this investment, we hope to increase the quality of raw materials as well as the productivity of farmers who supply to us,” said Dharnesh Gordhon, President Director of Nestlé Indonesia, in a press release.

Nestlé’s half-yearly report released last Friday stated that sales in Indonesia showed double-digit growth. The company has been operating in the south-east Asian country for 48 years.


Tags: ,,,
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

Leave a Reply

Your email address will not be published. Required fields are marked *