Nestle says there is growing RTD demand in Vietnam

Nestle says there is growing RTD demand in Vietnam

Nestlé has doubled capacity at its Milo chocolate malt beverage factory in south-east Vietnam after a CHF35m (US$37m) investment.

The company said the expansion, at the Binh An facility, is aimed at meeting growing demand for RTD Milo products in the country. Wayne England, chairman & CEO of Nestlé Indochina, said it showed Nestlé’s confidence “about the opportunities in Vietnam, due to its young and dynamic population (and) expanding consumer market”.

The Binh An expansion will also cater to new RTD malt products that will eventually be launched in the Vietnam market, Nestlé said. The plant is one of five that Nestlé operates in the country.

In 2011, the company started work on a US$200m factory in Indonesia to produce Milo.