Sector News

Nestlé invests CHF 40m into new Ukrainian facility

December 17, 2022
Food & Drink

Nestlé has announced plans to invest CHF 40 million (approx. $42.7 million) into a new production site in Smolyhiv, in the Volyn region of western Ukraine.

The company’s Torchyn factory and Volyn Production Network will together comprise Nestlé’s European regional hub for food and culinary products, employing around 1,500 people and supplying markets across the continent. The rare wartime investment in Smolyhiv is aimed at increasing the capacity of noodles culinary production in Ukraine.

In a statement, Nestlé said it “is the first multinational company… [to announce] new investments to take concrete steps to ensure progressive development in Ukraine”. The expansion is set to provide new job opportunities and support the growth of the Ukrainian economy.

Nestlé’s CEO of the southeastern Europe market, Alessandro Zanelli, said: “I am proud to confirm our commitment to invest in Ukraine. This is an important move for Nestlé, taken in a very challenging time for the country. We aim to create a food and culinary hub, ensuring incremental jobs and serving the needs of Ukrainians and all European citizens with high-quality products.”

Since the beginning of the invasion, Nestlé has provided humanitarian aid to Ukrainians, including donating more than 4,000 tons of products to those affected.

By Phoebe Fraser


comments closed

Related News

June 3, 2023

Changing of the guard at consumer goods companies: New finance chiefs for Nestlé and Unilever

Food & Drink

After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.

June 3, 2023

Bacardi appoints new director to board

Food & Drink

International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.

June 3, 2023

What’s bubbling in beverages? Novel sensations, sugar reduction, botanicals and bold colors drive innovation

Food & Drink

According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.

How can we help you?

We're easy to reach