Nutrition, health and wellness company Nestle announced it has inaugurated the “first-ever confectionery plant” in Egypt at the company’s dry goods factory in 6th of October City.
The plant represents an investment of over EGP 65m ($9 million) and will introduce a new chocolate product named Crunch Triangles.
Nestlé’s Executive Vice President Nandu Nandkishore, Zone Director for Asia, Oceania, Africa and Middle East Roger Stettler and Chairman and CEO of Nestlé Egypt Suresh Narayanan attended the inaugurations.
“Egypt has massive consumer and labor potential, making it attractive for investment in the region,” said Nandkishore. “For Nestlé, Egypt is and will continue to be an important center for trade and production.”
He added that Nestlé factories in Egypt produce and supply some of the company’s biggest brands for the region.
“Nestlé’s latest expansion project in Egypt is particularly special for the company,” Nandkishore added. “Since 2011, we have invested close to EGP 1bn in Egypt and doubled our local work force from 3,200 to our current 6,300 employees.”
The company’s executive pointed out that this plant proves Nestlé’s commitment to Egypt.
Egypt Daily News
25 June
