Nestle spends 160 million francs to expand Swiss coffee production
The Local - [email protected]
Published: 8 Jul, 2020 CET.
Updated: Wed 8 Jul 2020 14:39 CET
Switzerland's thirst for coffee is on the rise.
Nespresso announced Wednesday it is investing 160 million Swiss francs ($170 million, 150 million euros) in expanding its production plant in Romont, western Switzerland, citing increasing demand for its coffee products.
One of Swiss food giant Nestle's flagship brands, Nespresso -- which makes home coffee machines, capsules and accessories -- said the expansion would create 300 new direct jobs over the next 10 years.
"Despite the challenging times we have all been living in, this strategic long term investment reconfirms Nespresso's continuous business success," Nestle chief executive Guillaume Le Cunff said in a statement.
From coffee to opiates: What has Switzerland strategically stockpiled for emergencies?
Construction on the new second production hall is set to start in June 2021.
The first of 10 new production lines is expected to be fully operational by June 2022.
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Nespresso announced Wednesday it is investing 160 million Swiss francs ($170 million, 150 million euros) in expanding its production plant in Romont, western Switzerland, citing increasing demand for its coffee products.
One of Swiss food giant Nestle's flagship brands, Nespresso -- which makes home coffee machines, capsules and accessories -- said the expansion would create 300 new direct jobs over the next 10 years.
"Despite the challenging times we have all been living in, this strategic long term investment reconfirms Nespresso's continuous business success," Nestle chief executive Guillaume Le Cunff said in a statement.
From coffee to opiates: What has Switzerland strategically stockpiled for emergencies?
Construction on the new second production hall is set to start in June 2021.
The first of 10 new production lines is expected to be fully operational by June 2022.
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