Nestle To Build Infant Formula Factory In Russia

Nestlé announced it is spending $31 million to build an infant formula plant at its 14-year-old Vologda facility in Russia. The new factory, operational by 2019, will help strengthen the company’s position in Russia’s infant formula market, while supporting exports to neighboring countries. Nestlé’s overall strategy is to invest in high-growth food and beverage categories such as coffee, pet care, infant nutrition, and bottled water. It operates eight factories in Russia.