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Nespresso to open new Swiss factory

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13:49 CEST+02:00

Coffee capsule company Nespresso said on Thursday it intends to open a new factory in western Switzerland costing 300 million francs ($329 million) to meet growing global demand.

Nespresso, a subsidiary of Swiss food giant Nestle, said work on the production centre -- its third -- would start in late 2012 and wrap up by mid-2015.

The company said the factory in the town of Romont would create 400 jobs.

Nespresso registered sales of more than three billion francs last year, a 20-percent increase.

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