Nestlé: to invest in first Russian infant formula plant.
(CercleFinance.com) - Swiss food group Nestlé said on Thursday that it plans to invest 30 million Swiss francs (about 26 million euros) in its first infant formula plant in Russia to offer a greater variety of infant nutrition to consumers.
The plant will be part of the existing Vologda site, north of Moscow, where Nestlé has been present for 14 years.
Nestlé said the investment matches its 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.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The plant will be part of the existing Vologda site, north of Moscow, where Nestlé has been present for 14 years.
Nestlé said the investment matches its 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.
Copyright (c) 2017 CercleFinance.com. All rights reserved.