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Wednesday, 22 March 2017

Nestle Considering Setting Up Manufacturing Plant in Ethiopia

Operating over 2,000 brands across the world with one billion units’ sales annually, Nestle announced that it is considering Ethiopia to be one of its manufacturing destinations in the coming years although a final decision is yet to be made on setting up the manufacturing plant, according to FBC. Wosenyeleh S. Fikre, cluster manager of Nestle for the Horn of Africa and the Equatorial African Region, told The Reporter that the Swiss transnational foods and drinks company, headquartered in Vevey, Vaud, Switzerland, has plans to set up a manufacturing plant in Ethiopia where it is identifying untapped opportunities for the future. According to Wosenyeleh, the plant which is to be set up in Ethiopia is likely to focus on diary and dairy products. He said that Ethiopia is one of the top 20 countries in the world with huge potential and definitely among the top five prioritized in the Equatorial African region. Apart from exporting various consumables to Ethiopia, Nestle also buys premium coffees from Ethiopia, Wosenyeleh said. So far, the Dolce and Nespresso coffee chains source their coffee from the Ethiopian coffee market. (FBC)

Source: www.ezega.com

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