FDBusiness.com

Nestlé Invests SFr30 Million in Infant Formula Plant in Russia

 Breaking News

Nestlé Invests SFr30 Million in Infant Formula Plant in Russia

Nestlé Invests SFr30 Million in Infant Formula Plant in Russia
October 13
11:47 2017

Nestlé has laid the foundation stone for its first infant formula plant in Russia. The investment of SFr30 million (RUB1.8 billion, €26 million) means Nestlé can offer a greater variety of infant nutrition to consumers. The plant will be part of the existing Vologda site, where Nestlé has successfully operated for 14 years. It will strengthen Nestlé’s leading position in the Russian infant formula market, and support export to neighboring countries.

“The factory in Vologda is a strategic plant for Nestlé in Russia and CIS, the only factory producing Nestlé infant formula in the Russia and Eurasia region. This new factory will allow us to strengthen our leading position in the Russian infant formula market by developing our ability to supply both the domestic and the export markets,” comments Martial Rolland, chief executive of Nestlé in Russia and Eurasia.

The investment is in line with Nestlé’s strategy to increasingly focus capital spending on the high-growth food and beverage categories of coffee, petcare, infant nutrition and bottled water. The factory will be operational by 2019. It will use proven state-of-the-art equipment to meet the highest quality standards. It will also apply Nestlé’s principles on reducing environmental impact, aiming for zero waste.

In the last 20 years, Nestlé Russia has invested around SFr2 billion into the development of local production. The company owns eight factories in Russia.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements