Nestle to open Rs 600 m noodles plant in Pannala
Hemanthi GURUGE
Nestle Lanka PLC plans to invest Rs 600 million to setup a new
noodles plant in Pannala. The company sources told Daily News Business
that the new noodle plant in Kurunegala is scheduled to start full scale
operations on January 11. This new facility will enable Nestle Lanka PLC
to further expand its business throughout the country’s fast growing
noodles market.
This is the first investment in 2012 and marks another milestone in
their plan to invest in and partner the company’s healthy growth. Nestle
Lanka PLC has also committed around Rs 10 billion investments in Sri
Lanka over a period of five to eight years commencing 2011.
The company is planning to invest every year for capacity expansion
in beverage and dairy development. Nestle is the world’s leading
nutrition, health and wellness company. Nestle believes that it is only
possible to create long-term sustainable value for its shareholders if
its behaviour, strategies and operations also create value for the
communities where they operate, for its business partners and for its
consumers.
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