Nestle Investing P6 B to Boost Phl Operations

Food and beverage giant Nestle Philippines Inc. is spending P6 billion until 2027 to enhance its operations, as well as support nutrition and sustainability initiatives in the country.

- By Louella Desiderio

In a press briefing, Nestle Philippines CEO Kais Marzouki said the company would be spending P2 billion on average annually this year until 2027, sustaining the same level of investment made in previous years.

"This is to increase our capacities, to improve our technologies, to make our factories more efficient, to respond to increasing demands and to better serve our Filipino consumers," he said.

Aside from investing in new technologies appropriate for the market to increase manufacturing efficiencies, the company also intends to spend on product innovation.