Nestle to relocate its base in Uruguay in a bid to become more efficient and to try to drive its growth in the South American country.
The new location will include Nestle’s local production plant and distribution centre, as well as the company’s country headquarters, which is at present further south in Montevideo, Uruguay’s capital.
“Uruguay is an expanding market for Nestle with many opportunities to develop,” Andreas Dürig, the manager of the Swiss food group’s operations in the country. “The investment that we are making with the relocation of our operations is one of the most important bets in the region in the last decade.”
With all operations at the same location, the company will become more efficient, claimed Nestle, and will also boost the growth of the business with its larger production capacity. The updating of its processes will improve the production efficiency of soluble coffee, powdered chocolate drinks, baking premixes and mashed potatoes.
The site, on which Nestle is spending UYU600m (US$20.8m), is due to be opened in the middle of 2018.