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
Cargill is investing $150 million in a new plant that produces advanced biofuels from waste and residues, in an effort to further promote circular economy.
The European Parliament has voted to reject the ban on plant-based products using names typically associated with meat products, but has voted in favour of a plant-based dairy ban.
Researchers have developed a portable device that detects how much capsaicin a pepper contains with the help of a smartphone.
