Nestle invested over 2.1 billion dollars into local production in Russian - Information portal

Nestle invested over 2.1 billion dollars into local production in Russian

17 Июня 2019, 12:12
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Nestle invested over 2.1 billion dollars into local production in Russian

1dcc1ea5d343e89105ffacf754f43723.jpgFor the last 20 years, Nestle have invested over 2 billion dollars into local production infrastructure in Russia, stated CEO of Nestlé Russia and Eurasia Martial Rolland, speaking at the St. Petersburg International Economic Forum (PMEF) on Friday, June 7. 

He has reminded that currently the company owns 8 factories in the territory of the country, and exports their products to the CIS and EU markets. Speaking at the conference on sustainable development M.Rolland declared that creating shared value is the fundamental principle of the company activity. 

This way Nestle is trying to improve the quality of life and contribute to the healthy future. M. Rolland reminded that it has been 20 years since the company launched its “Good Nutrition” programme aimed at helping children and their parents make an informed choice when it comes to nutrition. The programme has been implemented with the support from regional education authorities and departments. More than 8 million children from 60 regions of Russia took part in the programme. 

During the Russia - Switzerland business dialogue the parties discussed how to develop business relationships between the countries. M.Rolland confirmed the company’s commitment to the Russian market. 

In witness thereof, the company head in Russia and Eurasia referred to a contract on cooperation with Vologda Region authorities and to the second regional special investment contract (SPIC) with Kaluga Region authorities, both of them signed during the PMEF. In particular, under the SPIC the food manufacturer is to invest over 4.3 billion rubles into the expansion and upgrade of Nestle Purina PetCare production facilities in Vorsino Industrial Park, Kaluga Region. New production lines for cat and dog food are to be launched by 2019-2020 as part of the investment project. 

The company invested about 12 billion rubles into Vorsino plant and distribution center from 2006 to 2017. By year end, the company plans to ramp up total investments into the production to 22 billion rubles. 

The cooperation contract between Nestle Russia and Vologda Region authorities provides for the localization of baby milk formula production. 

In 2017 Nestle announced the start of construction of a new final cycle facility producing baby milk formulas in Vologda. The total invested amount exceeded 1.9 billion rubles. Nowadays the construction is in its final stage. 

In May, the investment council under the region governor recommended that the project should be put on a priority list and supported by the state.

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