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Nestlé To Build First Factory In Angola

November 10, 2011: 06:25 PM EST
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.
"Nestlé invests CHF 10 million to build its first factory in Angola", Press release, Nestlé, November 10, 2011, © Nestlé
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