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
Source: Reuters
A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.
The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.
Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.
