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.