Swiss multinational food company Nestlé announced that between this year and 2026 it will invest 100 million dollars in Colombiawith which the company will be able to increase its production capacity, accelerate its digital transformation and guarantee operational sustainability.

The company said in a statement that it is the materialization of a Agreement reached between the National Government and Nestléin the framework of the participation of the Colombian president, Gustavo Petro, in the Summit of the World Economic Forum in Davos, Switzerland.

As part of the investment plan, Nestlé announced on Friday the opening of a new production line of its brand Milo in the Bugalagrande plant, Valle del Cauca, with an investment of more than 13 million dollars, which will allow it to increase its export capacity by 15%.

That plant was founded in 1944 and is the only multiproduct in colombia, besides being the company’s first in the country. «What we have inaugurated is an investment of 13 million dollars and an announcement of 100 million more dollars. This means, these days, a demonstration of confidence in Colombia, in its future, undoubtedly, because these investments are not short-lived term, are to remain», assured the head of state, who was present at the inauguration of the new Milo production line.

For his part, the Minister of Finance and Public Credit of Colombia, José Antonio Ocampo, demonstrated «Nestlé’s commitment to Colombia, through these 100 million dollars of planned investment. We will continue to work together to make it effective.»

Nestlé explained in a statement that the investment will be distributed among the different companies in which it has a majority stake, which will allow it to locate resources in cities such as Bugalagrande, Valledupar, Dosquebradas and Mosquera.

Meanwhile, the executive director of Nestlé for the Americas, assured that «the announcement of our investment strategy for the next three years has only one meaning: believe in Colombia and its development potential.»

The executive explained that the decision to invest in Colombia will allow them to strengthen the product portfolio and that it manages to «align itself with some of the Government’s priority points in terms of youth employability, of human rights and the construction of peaceful communities, and I bet on developing concrete initiatives to reduce polluting emissions and take care of the planet».

EFE

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