Nestle Nigeria has invested N4.1 billion ($11.4 million) in the opening of a new beverage production plant in Ogun State, Nigeria.
The new production plant is necessary in order to expand production of the brand’s new Milo ready-to-drink (RTD) range, it is an extension of the brand’s existing Agbara facility as demand for the product is high.
Milo ready-to-drink (RTD) first released in Nigeria in October 2017, is a chocolate-malt drink that can be consumed hot or cold.
The product has gained popularity within a short-time in the market and has proven to be a popular option with consumers.
Nestle says the new plant will produce approximately 8,000 tonnes annually and will create up to 100 new jobs.
The managing director and CEO Nestle Nigeria, Maurico Alarcon, said: “The new Nestlé Milo RTD is complementing the existing range of offerings of our iconic Milo brand.
“It is conveniently packaged to offer the unique Milo taste and meet the nutrition needs of active children on the go. This is in line with the company’s commitments to enable healthier and happier lives.
“This new production plant is a true reflection of how Nestlé creates shared value for all, by providing good jobs, sourcing 80% of our inputs with local farmers and investing in the development of rural communities.”