By Giulia Petroni 
 

Nestle SA said Thursday that it will invest $220 million to build a new factory producing liquid milk Bear Brand and ready-to-drink beverages Milo and Nescafe in Indonesia.

The Swiss food-and-beverage giant said the Bandaraya factory, to be located in the province of Central Java, will be ready for commercial distribution in 2023.

About 200 new jobs will be created in the region, Nestle said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

May 20, 2021 05:02 ET (09:02 GMT)

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