Switzerland: Nestle invests in new plants in Latin America

Swiss FMCG multinational FMCG Nestle has laid out plans to open new plants in Latin America.

According to Reuters, the manufacturer is working with government officials in the four countries that are members of the Pacific Alliance – Chile, Mexico, Peru and Colombia – with the particular aim of creating employment for younger workers.

In an interview with Reuters, Laurent Freixe, VP of the Americas zone at Nestle, said : “Our vision of corporate responsibility is that to make it sustainable we have to do it in a way that is embedded in our business model. Integrating young people can help us shape our company in a moment of digital revolution”.

Nestle has also invested R$20 million ($6 million) in the expansion of its Technology and Quality Centre in the state of Sao Paulo, in Brazil, which is expected to start operating in November.

Brazil is Nestle’s fourth largest global market and the firm has 31 factories in the country.

Source: ESM