Nestle's Nespresso Invests CHF43 Million in Swiss Site
November 21 2018 - 7:51AM
Dow Jones News
By Anthony Shevlin
Nestle SA (NESN.EB) said Wednesday that Nespresso has created
two new production lines at its Romont factory in Switzerland to
meet demand for the Vertuo coffee system.
The Swiss food-and-beverage company said the investment is
valued at 43 million Swiss francs ($43.3 million) and it will
create an additional 33 jobs over the next two years.
Nestle has turned its focus on to coffee in recent months and in
May it signed a more-than $7 billion deal to sell Starbucks Corp.
(SBUX) products world-wide.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
November 21, 2018 07:36 ET (12:36 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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