Vevey, 25 April 2008 - Nestlé today inaugurated a Nestlé Nutrition facility in Konolfingen (Switzerland) in the presence of Swiss Economic Affairs Minister Doris Leuthard. The plant will produce new-generation probiotic infant formula under the NAN brand and enable Nestlé Nutrition to meet the growing needs of consumers in over 90 countries.
The inauguration marks the first stage in a series of investments totalling around CHF 180 million over the next three years, strengthening Konolfingen's position as a global manufacturing site for highly-specialised infant formula and healthcare nutrition. The new Nestlé Nutrition industrial site will benefit from synergies with Nestlé's Product Technology Centre, also based in Konolfingen.
The establishment of the new Nestlé Nutrition plant is a further sign that Nestlé sees the nutrition business as one of its key strategic areas with above-average growth and profit potential over the coming years. Nestlé Nutrition is today the world leader in specialised nutrition with sales of about CHF 11 billion in 2008.
- Contacts:
- Media: François-Xavier Perroud Tel.: +41-21-924 2596
- Investors: Roddy Child-Villiers Tel.: +41-21-924 3622