Wednesday, 24 November 2010

Nestlé starts construction of P4-b plant in Batangas

Julito G. Rada
Manila Standard
http://www.manilastandardtoday.com/insideBusiness.htm?f=2010/november/24/business2.isx&d=2010/november/24

President Benigno Aquino III led the groundbreaking ceremony Tuesday for Nestlé Philippines’ planned P4.3-billion factory in Tanauan, Batangas.

Nestlé SA will add two “major” plants to its facilities in the next 10 years, Nestlé Philippines chairman John Miller said at the event.

2010 has been a “good year, with sales likely reach P95 billion, Miller said.

The factory, which is expected to be completed in March 2012, is situated on a 27-hectare site and will produce non-dairy creamer and powdered milk products.

Miller said the facility would increase the production of the two products. He said he expected the domestic market demand for Bear Brand and Coffee-Mate products to grow by 19 percent and 8 percent, respectively.

Nestlé will celebrate 100 years of operations in the Philippines next year.

The new Tanauan factory will initially create 170 jobs.

Miller earlier said the expanded output would reduce Nestle’s imports from Thailand.

Nestlé also plans to invest more in its four facilities in Cagayan de Oro City; Cabuyao, Laguna; Lipa, Batangas; and Pulilan, Bulacan.

Nestlé’s local investments in the past five years have reached close to P10 billion, with about 80 percent allocated for existing facilities to generate higher efficiencies. It earmarked the balance to sales infrastructure, distribution and IT systems.

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