Nestlé To Build First Factory In Angola

Nestlé announced it is investing CHF10 million ($10.8 million) to build a factory in Angola, its first in that south-central African country. To be located in the capital Luanda, the facility will be a “finishing centre” for packing and repacking products such as Nido milk powder and Nescafé coffee, according to the company. The factory construction is a component of the company’s three-year $162 million investment program launched last year in equatorial Africa. Nestlé vice president Roger Stettler said Angola is “particularly important” because it is “an emerging market with a strong, growing economy.” The facility in Luanda is the first stage in the construction of a larger Nestlé factory on the same site that will produce culinary, dairy, coffee and beverage products.