Nestle to invest $37.5 million in Congo
July 1, 2010
by Eric Schroeder
VEVEY, SWITZERLAND — Nestle S.A. said it plans to invest 40 million Swiss francs ($37.5 million) in the Democratic Republic of Congo over the next three years. The investment includes funds that will be used to build a plant to produce culinary and coffee brands such as Nescafe 3-in-1 and Maggi.
“Nestle is committed to unlocking the business opportunities and to promote growth of our market in the Democratic Republic of Congo,” said Paul Bulcke, chief executive officer of Nestle. “Since the establishment of distribution centers and sales offices in Kinshasa, Lubumbashi and Goma in 2009, we have seen a remarkable growth, which we are now responding to by strengthening our presence.
“By building a new factory in the Democratic Republic of Congo, we will come closer to our consumers and can better adapt our products to their taste and nutritional needs.”
Nestle said the investment also is expected to allow the company to locally source its raw materials for its culinary and coffee production by 2011.
The Democratic Republic of Congo is part of Nestle’s Equatorial African Region, a wholly owned subsidiary of Nestle S.A. that was established in 2008 and oversees Nestle’s operations in 20 countries, including Kenya, Angola, Burundi, Comoros, Democratic Republic of Congo, Djibouti, Eritrea, Ethiopia, Madagascar, Mauritius, Mozambique, Malawi, Republic of Congo, Rwanda, Seychelles, Somalia, Tanzania, Uganda, Zambia, and Zimbabwe.