Nestlé will invest UAH 700 million ($26.5 million) to modernise and upgrade its production facility in Kharkiv, Ukraine.
The Kharkiv facility produces prepared foods such as mashed potato and noodle-based soups for Nestlé’s Mivina brand.
Products produced at the facility are either sold in the Ukrainian market or exported to 17 other European countries.
Nestlé estimates that the upgrade of the facility will be completed by 2021, and the upgrade will be carried out in two phases.
Nestlé CEO for Ukraine and Moldova Ansgar Bornemann said: “The company began preparations for the modernization of Mivina factory in 2015.
“The final project plan was approved in early 2018. The main goal is to develop the factory, improve working conditions and increase the competitiveness of products.
“Reconstruction will help not only modernize the enterprise but also improve the technology of production.
“Updating the recipe for Mivina products, in particular reducing fat content in products, will allow meeting the criteria for assessing the nutrition foundation of Nestlé products, which are based on dietary recommendations of the World Health Organization.”
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