Nestle extends investments in Southeast Asia
2012-10-15 14:35:32
Nestle has opened a new USD 120 million manufacturing facility in Batangas province, which will create employment for nearly 150 people and aims to generate indirect jobs in the area. “The Philippines is a key market for Nestle in the Southeast Asia region, the broader Asia region and worldwide,” said Nandu Nandkishore, Zone Head for Asia, Oceania, Africa and Middle East. This new factory adds to the company’s recent investments in the region. Earlier this year, Nestle invested in its research and development centre in Singapore. Last year, it invested USD 246 million in a new factory in Dong Nai province in Vietnam and USD 105 million in its existing factories in Thailand. In the same year Nestle announced another USD 107 million investment in its factory in Karawang, Indonesia and USD 37.5 million in a new breakfast cereals factory in Malaysia.