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Nestlé Australia has announced an AUD 32 million (approx. $20.8 million) investment in its factory in Smithtown, Australia, which manufactures Milo. Milo is a chocolate-flavoured malted powder, fortified with vitamins and minerals and produced by Nestlé – it is typically mixed with milk or hot water. The funding will upgrade the Milo manufacturing line, bringing new technology to the factory and supporting increased production capacity. The latest capital brings total investment in the site to approximately AUD 80 million (approx. $52 million) over the last decade. Factory manager James Garley said the investment in the site reflects Nestlé’s commitment to support local manufacturing. "We’re committed to investing in continuous improvements and upgrades to our Smithtown factory so we can continue to proudly make iconic brands like Milo right here,” Garley said. He continued: "Over the next 12 months, the project will inject an estimated AUD 20 million into the local economy and support almost 200 jobs as we construct a new building to house Milo production. It’s a complex project, but the team will work to ensure the facilities continue to deliver the choc-malt crunch of Milo Australians have loved for generations." The Smithtown factory has been in operation for more than a century and produces more than 200,000 cans of Milo, as well as Nesquik, Nescafé mixes and Malted Milk, annually. The upgrade is due to be completed by end of 2024.