Nestlé has laid the foundation stone for its first infant formula plant in Russia.
The CHF 30 million (US$30.76 million) plant will be part of the existing Vologda site, where Nestlé has operated for 14 years.
The factory will be operational by 2019 and will apply Nestlé’s principles on reducing environmental impact, aiming for zero waste.
In the last 20 years, Nestlé Russia has invested around CHF 2 billion into the development of local production.
The company owns eight factories in Russia.
For 20 years, Nestlé Russia invested about US$2 billion into the development of local production.
About 70% of raw materials and 90% of packaging are of local origin, which allows Nestlé to produce locally more than 90% of the goods sold at the regional market.
This contributes to a better satisfaction of consumer’s preferences and needs and helps the company to adapt more effectively to the changing economic and trade environment.