Nestlé: announces several investments in China
(CercleFinance.com) - Nestlé today announced a series of investments to strengthen its footprint in China and improve its product portfolio.
The investments, in the Tianjin Economic and Technological Development Area (TEDA) exceed 100 million Swiss francs.
In view of the increasing number of pets in China, this investment includes a significant increase in the capacity of Nestlé's existing petfood factory in Tianjin. New production lines will offer pet owners quality products in categories such as veterinary diets and wet cat food, the Swiss agri-food giant said.
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