Nestlé has invested $22 million in a new juice plant at its facility in Sheikhupura, Pakistan.
The plant, which has a capacity of 24,000 units per hour, will produce the Nestlé Fruita Vitals portfolio of juices, nectars and drinks.
“Nestlé’s recent investment is a testament to our continuous trust in Pakistan and its growth potential,” said Samer Chedid, CEO of Nestlé Pakistan.
“We are also excited about integrating our Chaunsa value chain. We are procuring Chaunsa mangoes from the 110 farms that we introduced interventions at to improve their yield’s quantity and quality.”
The plant was inaugurated by Punjab Governor Chaudhry Mohammad Sarwar. “We aim to create conditions in which foreign companies are attracted towards making new investments,” he said.
“At present, the government is making concerted efforts to revive the nation’s economy. I am really pleased to see that Nestlé, one of the world’s leading food and beverage companies, is making such good progress in Pakistan.”
The news follows a series in investments by food and beverage companies in Pakistan in recent months.
The country’s government announced last year that PepsiCo will spend $1.2 billion and Coca-Cola will invest $200 million in the country.
In January, Cargill said it would invest $200 million in Pakistan in the next three-to-five years. The company’s strategy includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses.
© FoodBev Media Ltd 2019