The company will be able to increase its production capacity, accelerate its digital transformation and guarantee operational sustainability in Colombia.
nestle, the Swiss multinational food company, announced that between 2023 and 2026 it will invest US$100 million in Colombia, with which the company will be able to increase its production capacity, accelerate its digital transformation and guarantee operational sustainability. This is the materialization of an agreement reached between the Colombian Government and the company, within the framework of the participation of President Gustavo Petro in the Summit of the World Economic Forum in Davos.
Within the investment plan, Nestlé announced the inauguration of a new production line for its Milo brand at the Bugalagrande plant (Valle del Cauca, southwest), with an investment of more than US$13 million, that will allow it to increase its export capacity by 15%. This plant was founded in 1944 and is the only multi-product plant in Colombia, as well as being the company’s first in the country.
“What we have inaugurated is an investment of US$13 million and an announcement of US$100 million more. This means, these days, a demonstration of confidence in Colombia, in its future, undoubtedly, because these investments are not short-term, are to stay”, assured the head of state, who was present at the inauguration of the new production line of Milo.
nestle explained in a statement that The investment will be distributed among the different companies in which it has a majority stakewhich will allow you to locate resources in cities such as Bugalagrande, Valledupar, Dosquebradas and Mosquera.
The executive director of nestle for the Americas explained that the decision to invest in Colombia will allow them to strengthen the product portfolio and that it manages to “align itself with some of the Government’s priority points in terms of youth employability, promotion of human rights and construction of peaceful communities, and will is committed to developing specific initiatives to reduce polluting emissions and take care of the planet”.
With information from EFE.
Source: Larepublica
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