To expand frozen foods business Nestlé announced to invest more than $100 million to expand the companys production facility in Jonesboro, Arkansas, the USA. The expansions include a new line to produce Hot Pockets® brand sandwiches.
- The company plans to hire at least 100 new employees over two years, as well as renovate and add 90,000 square feet to its facility.
- Nestlé USA is the largest food and beverage company in the United States.
Nestlé Jonesboro currently produce frozen foods for the Stouffers®, Lean Cuisine®, DiGiorno®, Tombstone®, and Sweet Earth® brands.
The prominent investments and deals by Nestlé are featured below:
Dec 2020: To expand renewable energy assets Nestlé announce to invest in Taygete I, a 2,000-acre solar project owned and developed by 7X Energy in Pecos County, Texas, the USA. The company will purchase 100% of the renewable electricity attributes generated by the projects energy production, estimated to be 750,000 megawatt hours per year for 15 years.
Nov 2020: The global food processing company Nestlé agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co., Ltd. As per agreement Nestlé will retain its ready-to-drink (RTD) Nescafé coffee business and distribute the products across most of the Greater China Region.
Nov 2020: The leading food and beverage company Nestlé announced to acquire a majority stake in the healthy recipe box and prepared frozen meals company, Mindful Chef. The deal strengthen Nestlés market presence in food and direct-to-consumer offerings in the UK and Ireland
Sep 2020: The leading food processing company Nestlé Professional had signed a long-term contract with Dawn Foods for co-branding in the EMENA Region (Europe, Middle East & North Africa).
Sep 2020: To boost organic farming in China, the global sustainable food company Nestle announced that its subsidiary Nestlé China plans to invest $57 million for sustainable agriculture in the country.
Aug 2020: The luxury coffee maker Nespresso an operating unit of Nestle Group has announced investment in the Democratic Republic of Congo’s coffee business. The Reviving Origins program aims to restore coffee production in regions where it is under threat, bringing back to life some of the rarest fine coffees.
July 2020: The global food giant Nestlé announced that it partnered with the Ministry of Water and Forests of Côte d’Ivoire to protect and restore the Cavally forest reserve and enhance the resilience of local communities.
July 2020: 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.
May 2020: The worlds leading food company 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: The global food processing company 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.
February 2020: The worlds leading food processing firm 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.
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.
Nestlé has a global footprint with products sold in 190 countries. Nestlé focuses on expanding its presence in high-growth regions. Emerging markets represent more than 40% of sales. In most of the emerging markets, Nestlé has been present for many decades and our brands enjoy a high level of trust and are rightly viewed as local.