Swiss food group Nestle (NESN.S) said on Wednesday it would invest $320 million in a new pet food factory and distribution center in the United States between now and 2023.
Petcare is one of the business areas Nestle identified at its investor seminar on Tuesday as a high-growth category on which it wants to focus capital spending.
The new factory and distribution center in Hartwell, Georgia, will create as many as 240 new jobs over the next five years, Nestle said in a statement.
By Silke Koltrowitz
Cargill will appoint Brian Sikes as its president and chief executive officer on 1 January 2023. The soon-to-be CEO, currently holding the chief operating officer title, has worked at Cargill for 31 years. Dave MacLennan, who has served as Cargill’s CEO since 2013, will assume the role of executive chair of the company’s board of directors.
Comforting colors, feel-good flavors, and unique food and beverage experiences will resonate most with consumers in the new year, according to ADM’s latest Flavor and Color Outlook. ADM anticipates that 2023 will be the year of self-expression, and the company identified four trends that are sure to stand out.
Nestlé’s Nespresso brand will pilot home-compostable coffee capsules on the Nespresso Original system in France and Switzerland from spring 2023 before further launches in several other European countries within a year. The paper-based capsules are touted as a breakthrough in packaging technology after three years of R&D.