MOSCOW (Reuters) – Nestlé Russia, a division of one of the world's largest food and beverage manufacturers, Nestlé, has announced an investment of 3.5 billion rubles to build a full-cycle plant for the production of baby formula in Vologda.
The production of Nestle baby cereals was launched in Vologda in 2005. The company gradually expanded its presence in the region, in particular, by opening in 2019 the production of the final cycle for the production of dry infant formula with investments of about 2 billion rubles.
“As part of the new project, Nestle will additionally invest 3.5 billion rubles in production facilities in Vologda and will become the first global manufacturer in Russia to build a full-cycle factory in the country for the production of dry infant formula,” said the company, which is already present in Russia for about 150 years old.
Nestlé products are represented in the region of Russia and Eurasia in 12 categories with more than 50 brands and 600 product names. The company has 8 factories located in Russia, which allows Nestlé to manufacture more than 90% of its products locally.