NESTLE Philippines Inc. is investing P2 billion in a new factory in Lipa, Batangas to process protomalt—a malt extract that is a key ingredient in its Milo malt and chocolate powder drink.
Jacques Reber, Nestle Philippines chairman and chief executive officer, told a press conference on Tuesday that the new 5,400-square meter malt factory would be an addition to two plants in the same compound in Lipa that produce Milo and breakfast cereals.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.