Nestle Indonesia Invests CHF99 Million to Boost Production Capacity

Date : 07/31/2019 @ 9:08AM
Source : Dow Jones News
Stock : Nestle S.a. (PC) (NSRGY)
Quote : 107.15  -3.76 (-3.39%) @ 9:28PM

Nestle Indonesia Invests CHF99 Million to Boost Production Capacity

Nestle S.a. (PC) (USOTC:NSRGY)
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   By Anthony Shevlin 
 

Nestle SA (NESN.EB) said Wednesday that its Indonesian business is investing in three different factories to increase production capacity.

The Swiss food-and-beverage giant said the 99 million Swiss francs ($99.9 million) investment will increase production capacity by 25%.

Nestle's factories in Indonesia currently produce Cerelac infant cereal, Milo chocolate malt drink, and Dancow and Lactogrow milk powder, as well as instant Nescafe soluble coffee and coffee mixes.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

July 31, 2019 03:53 ET (07:53 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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