FDBusiness.com

Nestlé to Invest $70 Million in a New Factory in North Vietnam

 Breaking News
  • Ardgowan Unveils Plans For Inverclyde Distillery Ardgowan Distillery has revealed ambitious designs for its new £12 million distillery which is being built on the Ardgowan Estate near Inverkip, 30 miles west of Glasgow. The plans showcase the flagship building which has just secured revised planning consent from Inverclyde Council. The striking new design, by Michael Laird Architects, brings a number of improvements [...]...
  • HKScan Launches Exports of Finnish Poultry Products to Sweden HKScan, the Nordic food and meat group, has started exporting Finnish poultry products to Sweden. They will initially be sold through the largest retailer ICA’s outlets under the Karinäs®(Kariniemen®) brand. The launch gives Swedish consumers access to a new innovation: high welfare farm-born poultry that is hatched on the farm where it is raised. This new concept is [...]...
  • Almonds Retain Top Spot For Nut Introductions in Europe According to Innova Market Research’s latest Global New Product Introductions Report, almonds retain the number one spot for nut introductions in Europe. With a 47% share of global almond product introductions, the region leads globally for the eleventh year running. Europe as a whole saw a total of 5,017 new introductions with almonds – a [...]...
  • Arla Foods UK Launches New Standards Model to Bring Sustainable Change to Dairy Farming With ongoing volatility in the global milk markets, increasing consumer misunderstanding of the sector, polarised levels of support for UK dairy farmers and a new post-Brexit Agriculture Bill the challenges for dairy farmers are mounting. Farmer-owned co-operative Arla Foods has launched ‘Arla UK 360’ – a new standard in UK dairy farming. The Arla UK 360 [...]...
  • €172 Million to Promote EU Agri-food Products In and Outside the EU The European Commission will provide funding of €172.5 million from the EU agricultural budget to promote EU agri-food products in Europe and across the world. 79 campaigns, covering a wide range of products such as dairy products, olives and olive oil, and fruit and vegetables, will be rolled out over the next three years. Agriculture and [...]...

Nestlé to Invest $70 Million in a New Factory in North Vietnam

Nestlé to Invest $70 Million in a New Factory in North Vietnam
March 22
14:45 2016

Nestlé Vietnam began construction of a new $70 million factory located in Hung Yen province, North Vietnam. The factory will be built on an area of 10 hectares to facilitate the company’s product innovations for the local consumption.

This new investment confirms Nestlé’s confidence in and long-term commitment to Vietnam. The new factory is part of Nestlé Vietnam’s strategy to further reinforce its leading position as a nutrition, health and wellness company. With the state-of-the-art infrastructure and technology, the new factory is not only dedicated to deliver the best product quality but also minimize the environment footprint and optimize natural resource usage.

The new factory will help Nestlé to further strengthen its supply chain to ensure freshness of its products to local consumers.  The factory is expected to create 300 new job opportunities for the local people by May 2017. The new facility will be Nestlé’s sixth factory in Vietnam and the second one in Hung Yen province.

For the last over 20 years, Nestlé’s investment in Vietnam has been increased significantly from $24 million in 1995 to $520 million in 2016.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
  • October 31, 2018Int'l exhibition for food products and equipment (Indagra Food)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements