Nestle Nigeria invests $11.4m to open new beverage plant
By NewsDesk - Feb 21st 2018, 16:22
Nestlé Nigeria has opened a new beverage production plant in Ogun state, Nigeria, following an NGN 4.1 billion ($11.4 million) investment.
The new plant is an extension of the brand’s existing Agbara facility and will expand production of the brand’s Milo ready-to-drink (RTD) range, as demand for the product has risen in the country.
Milo RTD is a chocolate and malt drink which can be consumed hot or cold.
The product was first released in Nigeria in October 2017 and has proved a popular option with consumers.
The facility will produce 180ml cartons of the drink, and Nestlé says the new plant will have an annual production capacity of approximately 8,000 tonnes and will create up to 100 new jobs.
Mauricio Alarcon, managing director, and CEO Nestlé Nigeria 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.”© FoodBev Media Ltd 2017
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