The Nigerian arm of consumer goods giant Nestle has announced an investment of 4.1 billion NGN ($11.4 million) to open a new beverage production plant in Ogun state, Nigeria.
The new plant will expand production of the brand’s Milo ready-to-drink range to an annual production capacity of approximately 8,000 tonnes, creating up to 100 new jobs. The new facility is described as being equipped with the latest technology and as adopting high safety and environmental standards.
Nestle has been present in Nigeria since 1961 with a range of brands that includes Maggi, Milo, Golden Morn, Nescafe and Nestle Pure Life. Milo is a drink made of milk, malt and cocoa that comes in 180ml cartons and that can be consumed hot or cold.
Commenting on the move, Nestle Nigeria managing director and CEO Mauricio Alarcon said: “The new Nestlé Milo RTD is complementing the existing range of offerings of our iconic Milo brand. It is conveniently packaged to offer the unique Milo taste and meet the nutrition needs of active children on the go. This is in line with the company’s commitments to enable healthier and happier lives. This new production plant is a true reflection of how Nestlé creates shared value for all, by providing good jobs, sourcing 80% of our inputs with local farmers and investing in the development of rural communities”.
Discover our latest reports