Familiar food and drink maker Nestle just announced it is pumping more than US$37 million into expanding its MILO factory at the AMATA Industrial Park in Bien Hoa city.
Nestle last week inaugurated a 37 million USD production facility at its Binh An factory at the Amata Industrial park in Bien Hoa city.
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The facility is dedicated to meeting the growing demand for MILO RTD (Ready-To-Drink) products in Vietnam, said Wayne English, Chairman and CEO of Nestle Indochina.
It is part of the company’s strategy to further strengthen its presence in the growing nutritional beverage sector, he added.
With this project, Nestle increased its investment in Vietnam to 450 million USD with three factories in Dong Nai province.
In addition, the company also has two La Vie fresh water factories in southern Long An and northern Hung Yen provinces.
(Source:VNA)
