Nestlé Groups operating unit Nespresso has announced an investment of $170 million to expand its Romont production center in Switzerland. The fresh funding helps to meet increasing consumer demand for its high-quality premium coffees.
- The construction of the second production hall is set to start in middle of 2021.
- The expansion will augment the capacity of 10 new production lines dedicated to producing Nespresso coffees for the Vertuo and Professional ranges.
- It will create 300 new direct jobs in the next 10 years while increasing third party employment and local and regional business development.
The prominent deals and investments by Nestlé are mentioned below:
June 2020: Nestlés wholly owned subsidiary Nestlé Health Science (NHSc), has agreed to acquire a majority stake in America based Vital Proteins, is a lifestyle and wellness platform offering supplements, beverages, and food products.
May 2020: Nestlé announced donation of ventilators to Côte dIvoire in fight against COVID-19 pandemic. Ivorian Government has taken series of preventive measures to minimize the spread of the coronavirus. The donation included two ventilators, complementing the 18 ordered by the government in addition to the four already available in this West African country of 25 million inhabitants.
May 2020: Nestlé announced a series of investments totalling USD 103 million that will further strengthen its footprint in China and continue to enhance its product portfolio with innovative and premium products.
April 2020: Nestlé Purina PetCare is a subsidiary of global food processing company Nestlé, has acquired natural pet food brand Lilys Kitchen. The UK based Lilys Kitchen is a leading producer of premium wet and dry natural foods for dogs and cats. Even after deal Lily’s Kitchen will continue to be run as a stand-alone business from its base in London, UK.
February 2020: Nestlé announced that its subsidiary Nestlé Mexico plans to invest US$700 million in building a new coffee processing plant in Veracruz and modernising 16 sites in Mexico. The fresh investment will generate 400 direct and 4000 indirect jobs in the country.
July 2019, Nestlé had announced a collaboration with an innovative blockchain platform provider OpenSC, that allows consumers to track their food right back to the farm. With this collaboration, Nestlé becomes the first major food and beverage company to pilot open blockchain technology.
Nestlé is the worlds largest, most diversified food and beverages company. Established over 150 years ago, Nestlé employs more than 300,000 worldwide. Nestlé is dedicated to advancing nutrition, health, and wellness in a way that is sustainable and responsible and the company is a leader in many of the fastest growing food and beverages categories including coffee, petcare, bottled water and infant formula. Nestlé has some of the world’s most recognisable brands, with household names like Nescafé, global icons like Perrier and local favourites like NaturNes and Milo.
Nestlés strengths include global reach, an attractive product portfolio, powerful brands, industry-leading R&D and talented workforce.
Nestlé has added substantial shareholder value with dividends increasing in each of the past 24 years and is on path of achieving mid single-digit organic growth by 2020.