Philippines – Nestlé Philippines, the local unit of the food and beverage corporation, is set to invest up to P6b to enhance its operations in the country, spending P2b on average annually from 2025 to 2027.
In a report by Inquirer, Nestlé Philippines chairman and chief executive officer Kais Marzouki shared the company’s aim to expand its capacities and technologies through the investment, seeing its growth potential.
According to Marzouki, Nestlé’s local unit is the sixth largest market globally.
While seeking to address increasing demands, the company also plans to broaden its product lines.
Nestlé’s global chief executive officer Laurent Freixe cited the potential of expanding its pet food offering in the country.
Nestlé has a broad line of local and global brands, with Nescafé, Milo, and Bear Brand being its top-selling ones in the country.
The food and beverage giant has factories in Bulacan, Laguna, Cagayan de Oro, and Batangas, Philippines.
