Vevey, Switzerland, 5 Jul – The Swiss multinational food products company Nestle plans to invest 150 million francs (US$141 million) in the next three years to build factories in Angola, Mozambique and the Democratic Republic of Congo, indicates an announcement posted on the group’s webpage.
The company indicated that while it plans to expand existing factories in equatorial Africa, it also aims to increase distribution capacity in the region by opening 13 distribution centres and more than doubling its workforce through the creation of 750 more jobs by 2012.
In Angola Nestle will invest 25 million Swiss francs to build a factory. The Angolan market has been supplied to date by group products made in Portugal and Brazil.
In Mozambique the factory will be built in the city of Beira, in the central province of Sofala. It aims to meet growing demand in Mozambique and neighbouring countries and represents a 30 million Swiss franc investment, which includes opening a new distribution centre in the city.
Besides building these factories via a subsidiary 100 percent controlled by Nestle EAR, set up in 2008 to manage the group’s business in 20 African countries, Nestle also plans to boost its investment in Kenya and Zimbabwe. (macauhub)