Nestlé further expands its Russian presence

- Last updated on GMT

Related tags: Russia

Nestlé has said it intends to build a new CHF60m (€43.15m) factory in Russia to produce a range of food products under its Maggi brand.

The site for the new factory is about 300km east of Moscow and it is thought it will employ about 500 people. The company said that the first phase of construction is due to be completed by the third quarter of 2011, at which point it is expected to be producing 30,000 tonnes of Maggi products for Russia and other CIS (Commonwealth of Independent States) countries.

CEO of Nestlé Russia Stefan De Loecker said: “We believe in Russia’s huge long-term potential, which is why we are continuing with Nestlé investments into the development of local production facilities. With the new factory in Vladimir region, Nestlé opens a new chapter of Maggi business and sets a new standard for technology in culinary production in Russia.”

The new plant will be the company’s fourteenth production facility in Russia.

Related topics: Business

Related news

Follow us

Products

View more

Webinars