Nestlé has confirmed that it will invest THB3.5bn (US$116.6m) in Thailand in the next two years to increase manufacturing of its products including ice cream and coffee.
The investment will support Nestlé’s factories in Thailand as well as the construction of a new Quality Assurance Centre, which will serve as a regional laboratory.
The majority of the THB3.5bn will be invested in factories located around Bangkok, including the Bangchan factory, which manufactures ice cream.
Nestlé CEO Paul Bulcke made the announcement yesterday (29 August) during a two-day visit as part of a regional review meeting.
Bulcke said: “Nestlé’s business in Thailand is expanding well, with over 10% growth during 2010. That growth has come from the confidence that the Thai consumer places in our brands and products as well as from our exports of made-in-Thailand products to over 44 countries in the region and beyond. Thailand has a very important role to play in Nestlé’s Asian and global strategy, as Thailand also look after Nestlé business in the region.”
The Navanakorn factory, which manufactures dairy products, Can Liquid coffee and 3in1 coffee and the Pathumthani Chachoengsao plant, which manufactures coffee, is also among the factories that will see the majority of the investment.