Nestle, the world’s largest food maker, is to build two production plants in South Africa.
The company said today (2 February) that it would spend ZAR244m (US$34.1m) on constructing a factory in the town of Babalegi to produce cereals under the Milo and Cheerio brands.
Nestle has also lined up plans to build another factory in Babalegi to make products under its Maggi brand. Some ZAR155m will be spent on this expansion. Nestle said 230 permanent jobs will be created across the two sites.
The Swiss food giant has also recently bought soya foods business Specialised Protein Products. Nestle bought the business for ZAR106m to develop “good-quality and affordable soya-based products”.
Sullivan O’Carroll, chairperson and MD of Nestle’s business in South Africa, said the moves demonstrate the company’s “ongoing commitment to investment in Africa”.
O’Carroll added: “We will continue to invest in South Africa, in line with our long-term commitment to business sustainability and economic development.”
