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Nestle expands Milo factory in Vietnam

Nestlé Vietnam has announced a $42m expansion of its Milo chocolate malt beverage factory in Southeast Vietnam.

The expansion will double the production capacity of the Binh An facility, a move designed to allow Nestle to meet growing consumer demand for Milo and for other ready-to-drink (RTD) products.

The investment is part of Nestlé Vietnam’s strategy to strengthen its presence in the growing nutritional beverage sector in the country.

Wayne England, Chairman and CEO of Nestlé Indochina, said the investment was a reflection of Nestlé’s confidence “about the opportunities in Vietnam due to its young and dynamic population, expanding consumer market, and favourable business environment. We have a long-term vision and a firm belief in the potential of the country.”

The Binh An expansion will also cater to new RTD products that will eventually be launched in the Vietnam market.

The company’s focus on the liquid beverages category follows its 2011 acquisition of Gannon’s milk and beverage processing facility in Dong Nai, which boosted Nestlé Vietnam’s presence in Vietnam’s beverage market.

Nestlé operates five factories in Vietnam with around 2,000 employees.

 

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