Nestlé invests in Cuba

As part of a joint venture with the Cuban food enterprise Corporación Alimentaria (Coralsa), Nestlé has begun construction of a new factory in Cuba for the production of Nescafé, the local roast and ground coffee Serrano, Nestlé Fitness cereal based snacks, Nesquik powdered beverage and Maggi cooking aids.

Located in Mariel to the west of Havana, the factory will involve an investment of €46 million (the largest foreign investment in the country) and will employ 260 people. When fully operational, annual production capacity is expected to be over 18,500 tonnes of products for domestic consumption and export. Operations will start in 2020.

The investment will strengthen Nestlé’s presence in Cuba where it has been operating since 1908 with two factories producing mineral water, carbonated soft drinks and ice cream, again as a joint venture with Coralsa.