Nestle, the Swiss FMCG giant, has announced an investment of 30 million CHF ($30.8 million) to build a new infant formula plant in Russia.
According to a report in FoodBev, the new facility will be located at the firm’s existing Vologda site, where Nestle has been operating for 14 years.
The move is described as being in line with Nestle’s strategy to focus investment on high-growth categories including coffee, infant nutrition and bottled water.
Commenting on the move, Nestle Russia CEO Martial Rolland said: “This new factory will allow us to strengthen our leading position in the Russian infant formula market by developing our ability to supply both the domestic and the export markets”.
Nestle baby food factory manager Eddy Dauphin added: “Today we are happy to announce that we start construction of the infant formula site, which will allow us to double the capacity of our local production from 2019 onwards”.