Nestle to Invest More Than CHF100 Million in China
May 20 2020 - 9:21AM
Dow Jones News
By Pietro Lombardi
Nestle SA will invest more than 100 million Swiss francs ($102.9
million) in factories in China to build up its footprint in the
country, it said Wednesday.
Pet food and plant-based products are among the areas that
should benefit from the investment, the Swiss giant said.
"In addition, there will be new investment for the confectionery
business," it said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
May 20, 2020 09:06 ET (13:06 GMT)
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