Nestlé begins work on €26mn infant formula plant in Russia

By Laura Mullan
Nestlé’ is investing RUB₽1.8bn or EU€26mn in its first infant formula plant in Russia, where construction has begun, the world’s biggest food g...

Nestlé’ is investing RUB₽1.8bn or EU€26mn in its first infant formula plant in Russia, where construction has begun, the world’s biggest food group has said. 

The plant will be part of the existing Vologda site, where Nestlé’ has operated for 14 years.

RELATED STORIES: 

“The factory in Vologda is a strategic plant for Nestlé’ in Russia and CIS, the only factory producing Nestlé infant formula in the Russia and Eurasia region,” said Martial Rolland, CEO of Nestlé’ in Russia and Eurasia. 

“This new factory will allow us to strengthen our leading position in the Russian infant formula market by developing our ability to supply both the domestic and the export markets.”

The investment is in line with Nestlé’’s strategy to increasingly focus capital spending on high-growth food and beverage market segments such as coffee, pet care, infant nutrition, and bottled water. 

For more than 20 years, Nestlé’ Russia has invested about US$2bn dollars into the development of local production. 

The Swiss company owns eight factories in Russia and this new addition will be operational by 2019.  

The food and beverage giant said that the plant will use state-of-the-art equipment to meet high-quality standards and will also apply Nestlé’’s principles on reducing its environmental footprint, aiming for zero waste. 

With a footprint spanning 191 countries around the world, Nestlé has established itself as the largest food and beverage company in the world. 

It is hoped that the new plant will strengthen Nestlé’s position in the Russian infant-formula.
 

Share

Featured Articles

Cargill Seals Wind & Solar Renewable Energy Deals

Cargill, the food and agriculture multinational in Renewable energy move, as it seals five wind and solar power deals to reduce its GHG emisions

McKinsey: Sustainable Farming Needs Industry Investment

McKinsey survey of US farmers shows take-up of sustainability practices remains low, and calls for industry involvement to encourage agritech investment

Mars Wrigley 'Fanatical' about Sustainability – CPO Davies

Mars Wrigley Chief Procurement and Sustainability Officer Amanda Davies on how it excels in strategic sourcing and is 'fanatical' about sustainability

McKinsey: Inflation Hurting European Grocery Sector

Retail

Mars and FAO Food Safety Partnership Targets Mycotoxins

Food

Kraft Heinz Eyes $170mn US Government Net Zero Grant

Sustainability