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Nestlé invests CHF 10 million to build its first factory in Angola

November 10, 2011 - London

Nestlé S.A. /Nestlé invests CHF 10 million to build its first factory in Angola. Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement.

In its latest move to develop business in Africa, Nestlé is investing CHF 10 million (about 1 billion Kwanza) to build its first factory in Angola.

The factory, located in the Angolan capital Luanda, will be a 'finishing centre' for packing and repacking products such as Nido milk powder and Nescafé coffee.

It will create 30 new jobs and is expected to begin operations in September 2012.

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Source: Nestlé S.A. via Thomson Reuters ONE


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Nestlé S.A.
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WKN: 887208;ISIN: CH0038863350;


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