Swiss food giant Nestle is expanding its Singapore research and development centre.
The world’s largest food manufacturer said the investment would allow the site to have a “greater focus” on its “fastest-growing markets in the Asia-Pacific region”.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Nestle also said the centre will “take the global lead” for innovation for its Nescafe and Milo brands. Nestle is investing CHF4m (US$4.1m) in extending the site and hiring new R&D professionals.
Innovation will include new formulations and formats as well as reformulation to boost the nutritional profile of existing products, Nestle said.
Johannes Baensch, Nestle’s global head of R&D, emphasised the company is focused on improving nutrition through reformulation and NPD. “One of R&D Singapore’s main objectives is to ensure that nutrition and health are integral considerations in new product development.”
Speaking at the opening ceremony, he added: “The products developed here are tailored to meet local tastes, both in this region and in other parts of the world where they are sold.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
