Advertise with fastmoving.co.za
 
 

Nestle Nigeria invests $11.4m to open new beverage plant.
Nestle Nigeria invests $11.4m to open new beverage plant.

Nestle Nigeria invests $11.4m to open new beverage plant

FMCG SUPPLIER NEWS

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 

Related News

Food and beverages giant PepsiCo makes offer to acquire Pioneer Foods
19/07/2019 - 10:18
In a vote of confidence about SA’s long-term prospects, New York-based food and beverages giant PepsiCo has made an offer to buy Pioneer Food Group, which makes Sasko breads and Ceres juices, in a deal worth at least R25.4bn.

AB InBev offloads Australian unit for $11.3bn
19/07/2019 - 09:03
Anheuser-Busch InBev (AB InBev), which shelved plans to list its Asia Pacific business in Hong Kong, said it will sell Australian subsidiary Carlton & United Breweries (CUB) to Japan’s Asahi Group for about $11.3bn (R157bn).

SAFW competitions offers entry into fashion industry
19/07/2019 - 08:41
It opened the door for David Tlale to showcase his designs at New York Fashion Work, Mmuso Maxwell to supply his garments to retail giant Woolworths and Clinton Lotter to take his work to the UK. Now, South African Fashion Week (SAFW) is once again looking to grow the fashion and creative industry by opening it to emerging designers.

Amazon offers $10 to Prime Day shoppers for access to their data
18/07/2019 - 09:53
Amazon.com has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started recently: earn $10 of credit if you let Amazon track the websites you visit.

Johnson & Johnson certain it will prevail in baby powder and opioid lawsuits
17/07/2019 - 14:00
Johnson & Johnson (J&J) said that the healthcare conglomerate will come out on the winning side of thousands of legal claims over its baby powder and opioid products.