Nestlé invests €219m to boost coffee presence in Vietnam

Related tags Vietnam

Nestlé’s Nescafé brand is to increase its footprint in Vietnam through a CHF 230m (€219m) investment which will be used to set up a new coffee factory in the region.

The facility will be located in Dong Nai province and will be fully operational by 2013, said the firm.

It will make products under the Nescafé​ brand for both local consumption and export.

The investment will support Nestlé’s wider CHF 350m Nescafé Plan, launched in August last year.

Under the plan, over the next five years, Nestlé said it aims to significantly increase the amount of Nescafé​coffee bought directly from farmers and their associations in Vietnam.

The firm aims to purchase 30,000 tonnes of coffee from around 16,000 farmers every year.

Nestlé currently operates four factories in Vietnam employing more than 1,500 people nationwide.

Related topics Markets Beverages

Related news

Show more

Related products

Analyzing the unknown threat from Microplastics

Analyzing the unknown threat from Microplastics

Content provided by Agilent Technologies | 06-Nov-2023 | Infographic

Microplastics are any plastic-derived synthetic solid particle or polymeric matrix, ranging in size from 1 µm to 5 mm and insoluble in water.

Mastering taste challenges in good-for-you products

Mastering taste challenges in good-for-you products

Content provided by Symrise | 12-Sep-2023 | White Paper

When food and beverage manufacturers reduce sugar, salt, or fat and add fibers, minerals or vitamins, good-for-you products can suffer from undesirable...

Functional Beverage Market Insights in ASPAC

Functional Beverage Market Insights in ASPAC

Content provided by Glanbia Nutritionals | 06-Jul-2023 | Product Brochure

High growth ahead for protein beverages makes Asia Pacific (ASPAC) the market to watch. Consumer research shows new usage occasions, key consumption barriers,...

The latest plant-based beverage trends in SEA

The latest plant-based beverage trends in SEA

Content provided by Tetra Pak | 27-Mar-2023 | White Paper

Data shows that consumers’ liking and thirst for plant-based beverages is growing rapidly, especially in Malaysia, Singapore, Philippines and Indonesia....

Follow us

Products

View more

Food & Beverage Trailblazers

F&B Trailblazers Podcast