Nestlé has announced that Nespresso is to invest CHF160 million (€150.67 million) to expand its production centre in Romont, Switzerland.
The move will help the company to meet the increasing demand for high-quality premium coffees and support international development.
'Strategic Long-Term Investment'
CEO of Nespresso, Guillaume Le Cunff, commented, "Despite the challenging times we have all been living in, this strategic long term investment reconfirms Nespresso's continuous business success and leadership in the portioned coffee segment, which we pioneered back in 1986.”
“It also demonstrates our continued commitment to our Swiss roots and to the long-term economic development of the region and the country, with which we share values of quality, innovation and expertise."
The investment will see the addition of 10 new production lines dedicated to producing Nespresso coffees for the Vertuo and Professional ranges.
It will create 300 new jobs in the next 10 years and offer employment opportunities to third parties.
The company will commence construction of the second production hall in June 2021 and the new production lines are expected to be fully operational by June 2022.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.