SOURCE: Manila Bulletin
MANILA, Philippines – Nestlé SA said it will add two “major” plants in the Philippines in the next ten years to further expand its production capacity in the country.
Nestlé Philippines chairman John Miller was quoted at the groundbreaking ceremony for the P4.3 billion new factory in Tanauan, Batangas to be made over the next two years.
Miller also said that 2010 has been a “good year, with sales likely reach P95 billion.
The new factory in Batangas is expected to be completed in March 2012. It is situated on a 27-hectare site and will produce Coffee-Mate Non-Dairy Creamer and Bear Brand Powdered Milk Drink.
Miller said that with continued growth in demand for the two brands, both of which are market category leaders, the factory will increase much-needed manufacturing capability. The domestic market demand in 2010 for Bear Brand and Coffee-Mate is projected to grow by 19% and 8%, respectively, with Bear Brand exports under the brand name Everyday seen to grow by 38%.
“In 2011, Nestlé will celebrate one hundred years in the Philippines. One hundred years of service to the Filipino consumer is a great source of pride within our company and it is fitting that most of the Tanauan factory’s construction will take place during Nestlé Philippines’ centennial, signifying our continuing commitment to the country. Our investments, in line with our corporate thrust of Creating Shared Value (CSV) for all stakeholders in society, give us the confidence to look forward to the next 100 years of nurturing Filipino families by offering Nutritious, Health and Wellness products,” Mr. Miller said.
The Tanauan factory, which will contribute to the growth of the domestic economy, will initially provide direct employment for a new work force of 170, while creating many other jobs in businesses supplying the facility with raw materials and services.
Apart from the new factory’s construction, Nestlé is also continuing to invest in its four existing facilities in Cagayan de Oro, Cabuyao, Lipa and Pulilan, especially in technology and equipment to enable the company to meet increasing demand for its products.
Source URL: http://www.mb.com.ph/articles/289138/nestl-planning-2-major-plants-here-next-10-years
No comments:
Post a Comment