Saudi Arabia: Nestle to construct $73 million food plant
Nestle, the Swiss consumer goods giant, has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (MODON) to construct a food manufacturing plant via a 270 million SAR ($72.9 million) investment. The new plant will cover a site of 117,000 sq m in Jeddah and will fulfil local demand, as well as […]
South Africa: Nestle to sell Cremora business to Lactalis
Nestle, the Swiss consumer goods giant, has announced plans to sell its Cremora business to the South African subsidiary of French dairy giant Lactalis, as part of a strategic realignment of its operations. Cremora is a creamer brand produced in Babelegi and Potchefstroom, South Africa, as well as in Harare, Zimbabwe. Lactalis will acquire both […]
Portugal: Nestle to invest €30 million in hot cereal drinks line
Nestle, the Swiss consumer goods giant, has announced an investment of €30 million (£25.4 million) to increase capacity for hot cereal drinks production at its Avanca factory in Portugal. The investment will be used to install advanced machinery to improve operational efficiency and help meet the growing demand for nutritious beverages. The Avanca plant, situated […]
India: Nestle and Dr Reddy’s announce joint venture for nutraceutical brands
The Indian arm of consumer goods giant Nestle and Indian multinational pharmaceutical company Dr Reddy’s have formed a joint venture to offer new nutraceutical brands to consumers in India and other agreed territories. The joint venture will establish its headquarters in Hyderabad, and select brands will be licenced by both parties. Nestle Group will license […]
Switzerland: Nestle sells dairy, juice business to Grupo Gloria
Nestle, the Swiss consumer goods giant, has announced plans to exit the dairy and juice sector in Ecuador through a deal with Gloria Foods, a subsidiary of the Peruvian business conglomerate Gloria Group, for Ecuajugos. According to Gloria Foods, the deal includes a factory and distribution centre in Cayambe, the local brands La Vaquita, Yogu […]
Australia: Nestle to invest A$32 million to upgrade Smithtown factory
Nestle, the Swiss consumer goods giant, has announced an investment of A$32 million ($20.8 million) to upgrade its manufacturing line for powdered drink concentrates in Smithtown, Australia, bringing total investment in the site to A$80 million ($52.7 million) over the last decade. In a statement, the company said the investment would be used to introduce […]
Switzerland: Nestle invests in Purina pet food factory
Consumer goods major Nestle has announced the commissioning of a new Purina pet food plant at its existing site in Buk in north-western Hungary. According to the company, the factory, which is the result of a 55 billion HUF ($152.3 million) investment, will add two additional automated production lines, increase capacity by over 50,000 tons […]
Switzerland: Nestle to close dairy plant in Nicaragua
Global FMCG giant Nestle has announced plans to close a dairy plant in Nicaragua due to “current global dynamics for efficient and productive operations”. Located in the northern part of Nicaragua, the Matagalpa facility specializes in the production of dairy products under the Prolacsa brand. In a statement, Juan Gabriel Reyes, CEO and president of […]
France: Nestle sells plant to Italpizza
Italpizza, the Italian frozen pizza firm, has completed the acquisition of a Nestle pizza facility in Caudry, northern France. The company is said to be planning to invest more than €12 million ($13 million) as part of a comprehensive modernization of the facility, which was closed down after an E. coli outbreak in 2022 reportedly led […]
France: Nestle in talks to sell baby food brands
Consumer goods giant Nestle has entered into exclusive negotiations with private equity fund FnB to sell its baby food brands in France, according to Just Food and FoodBev reports. The deal would see the company transfer its line of NaturNes baby pots, Babicao and Babivanille flavoured cereal powders, and P’tit yogurts, which are produced in […]