Nestlé to Invest CHF 100 million in China, Targeting Plant-based Sector and Pet Foods
May 22, 2020
Nestlé is confident in the continued growth of the Chinese market, and the market opportunities brought about by the governments "Healthy China 2030 Plan", which is stimulating interest in sport and healthy living and driving demand for foods which support a healthy lifestyle. To align with these trends, Nestle is pledging a major investment of over CHF 100 million to target both the plant-based food sector and the pet food sector.
World-leading food and beverage giant Nestlé announced its plan to invest CHF 100 million ($103.7 million) in its factories in Tianjin, China, on May 20th, which aims to further strengthen its footprint in China, and enhance its product portfolio .
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