The plant will be used to produce Protomalt for Nestlé's Milo brand of malt drinks.
Nestlé Philippines will invest PHP 2 billion ($42.5 million) in the construction of a new plant south of Manila, which will be used to produce a carbohydrate ingredient for its Milo brand of malt and chocolate malt drinks.
It will be the smallest of only four Nestlé sites around the world to manufacture Protomalt – a malt extract obtained from cassava and barley – and will be built at the company’s existing facility in Batangas, 30 miles south of the capital. The Batangas site is used by Nestlé to produce a range of powdered milk and coffee products, and is joined by four other facilities operated by the Swiss company across the Philippines.
Nestle Philippines CEO Jacques Reber told press that the facility would be operational by the end of next year.
“The Philippines is an important market [and the] PHP 2 billion investment is a clear demonstration that we believe in the potential of the Filipino market, of the Philippines and Nestlé Philippines,” said Reber. “And we continue to invest in a big way.”
According to Nestlé, Protomalt and the other active ingredient in Milo drinks, Actigen-E, help to “energise the body and mind”.
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