Something good is about to arrive in the province of Batangas. In a press conference held earlier this week, Nestle Philippines Inc. stated that the food and drink company is investing in a factory in Lipa, Batangas.
The factory will be utilized in processing protomalt, a malt extract which is one of the key ingredients in Nestle’s chocolate powdered drinks. According to Nestle PH Chairman and CEO Jacques Reber, Nestle’s newly-acquired 5,400 sq.meter factory plant is an addition to the two existing plants erected in the same location.
Reber added that the new plant is capable of providing 35,000 ton of malt which can answer the demand of Milo products in the Philippines. He explained that the country is Nestle’s second largest market for their Milo products and the eighth largest market for Nestle products worldwide. He further added that they trust their Philippine branch to develop their company’s plant and target market.
Peter Douglas Winter, Nestle PH Technical Director, said that the new Batangas plant is designed to double their initial capacity to produce their target amount of malt per year.
In the year 2014, the company reported a 4 percent growth in their revenue. With its P2B investment in the new factory, Nestle PH is confident that their sales will grow higher this year.
