Nestlé S.A. / Nestlé invests CHF 29 million to strengthen supply chain in Russia . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Nestlé is investing more than CHF 29 million (more than 1 billion roubles) in new distribution facilities in Russia to meet growing demand for its products in the country.
The company is extending its distribution centre at its manufacturing site in Vorsino in the region of Kaluga to better serve consumers across Russia and other Commonwealth of Independent States (CIS) countries.
The investment will have created about 100 new jobs by the time the new facilities are fully operational in October this year.
Wide range of products
"We are taking an important step to strengthen our supply chain in Russia," said Maurizio Patarnello, Chief Executive Officer of Nestlé in Russia.
"The distribution centre will deliver a wide range of pet food products from Nestlé Purina and all dry grocery items sold by Nestlé in Russia, including Nescafé coffee, Maggi culinary products, Nestlé infant nutrition and Bistroff cereals.
"We believe in Russia's long-term potential, which is why we continue to invest in the development of local facilities," he added.
Factory inauguration
Nestlé made the announcement at a ceremony to mark the official opening of an almost CHF 40 million (more than 1.4 billion roubles) extension (http://www.nestle.com/media/newsandfeatures/nestle-invests-chf38-million-in-russian-petfood-factory?Category=Investors%2CBrands%2CPetcare) to its Purina PetCare factory on the Vorsino site this week.
The company's investment in the factory has enabled it to increase total production of well-known pet foods such as Friskies, Felix and Pro Plan by almost three quarters.
Nestlé Purina is one of the market leaders in the Russian pet food industry, which although relatively new is growing rapidly.
Related information:
Nestlé Russia
http://www.nestle.ru/ (http://www.nestle.ru/)
Nestlé Purina Russia
http://www.purina.ru/ru/Pages/default.aspx (http://www.purina.ru/ru/Pages/default.aspx)
Read more stories about Nestlé in Russia:
Nestlé opens first Mövenpick ice cream boutique in Russia
http://www.nestle.com/media/newsandfeatures/movenpick-boutique-russia (http://www.nestle.com/media/newsandfeatures/movenpick-boutique-russia)
Nestlé invests CHF 38 million in Russian pet food factory
http://www.nestle.com/media/newsandfeatures/nestle-invests-chf38-million-in-russian-petfood-factory (http://www.nestle.com/media/newsandfeatures/nestle-invests-chf38-million-in-russian-petfood-factory?Category=Investors%2CBrands%2CPetcare)
CHF 60 million investment for Nestlé factory in Russia
http://www.nestle.com/Media/NewsAndFeatures/CHF-60-million-investment-for-Nestle-factory-in-Russia (http://www.nestle.com/Media/NewsAndFeatures/CHF-60-million-investment-for-Nestle-factory-in-Russia)
Media enquiries
Tel: +41 21 924 2200
Email: mediarelations@nestle.com (mailto:mediarelations@nestle.com)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Nestlé S.A. via Thomson Reuters ONE
--- End of Message ---
Nestlé S.A.
Avenue Nestlé 55 Vevey
WKN: 887208;ISIN: CH0038863350;
