Nestle to Invest $220 Million in New Beverage Factory in Indonesia
May 20 2021 - 5:17AM
Dow Jones News
By Giulia Petroni
Nestle SA said Thursday that it will invest $220 million to
build a new factory producing liquid milk Bear Brand and
ready-to-drink beverages Milo and Nescafe in Indonesia.
The Swiss food-and-beverage giant said the Bandaraya factory, to
be located in the province of Central Java, will be ready for
commercial distribution in 2023.
About 200 new jobs will be created in the region, Nestle
said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 20, 2021 05:02 ET (09:02 GMT)
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