Nestle is in “very advanced” talks with Cuba over setting up a new factory in the country.
Like Nestle’s two other plants in Cuba, the proposed site, which manufacture biscuits, cooking and coffee products, would be run through a joint venture between Nestle and the country’s government.
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Nestle would own a 51% stake in the venture, the world’s largest food maker said.
“We are close to reaching the agreement. The idea is to create a new joint venture to produce and distribute these products mainly for the Cuban market but also with the idea of exporting some products,” a spokesperson for Nestle told just-food yesterday (9 March).
The site is set to be in the Mariel development zone west of Havana, the Cuban capital.
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Nestle’s existing factories in Cuba produce beverages and ice cream.
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