September 26, 2013
Nestle to build manufacturing plant in Myanmar
Nestle was permitted to form a local business unit in Myanmar, paving the way for the construction of a manufacturing plant.
Nestle Myanmar Co was set up upon permission of the Directorate of Investment and Company Administration on Monday (Sep 16).
Nestle's products include baby food, bottled water, cereals, coffee, confectioneries, dairy products, ice cream, pet food and snacks.
Nestle, headquartered in Vevey, Switzerland, operates about 450 factories in 86 countries, with nearly 328,000 staff. It is one of the main shareholders of L'Oreal, the world's largest cosmetics company.
World-famous food and beverages companies such as Coca Cola, Pepsi and Unilever have already built plants in Myanmar.
Other international companies such as Heineken, Carlsberg, Beer Chang and Pokka, are beginning construction of their plants in the country.
