Nestlé breaks ground for Rs 5 bn modern Pannala factory
Nestlé Lanka opens broke ground for its state-of-the-art factory in Pannala, Kurunegala yesterday with a total investment of more than Rs. 5 billion.
Nestlé Lanka reached another milestone by laying the foundation stone of a new manufacturing facility at its factory in Pannala, Kurunegala, as a commitment to strengthen the local dairy and coconut industries.
Through this new investment, the company plans to expand its production capacity for its popular dairy and coconut based products, providing local consumers with more goods that cater to local tastes and nutritional needs.President, Maithripala Sirisena was the chief guest.
To recognize the efforts made by Nestlé’s dairy and coconut farmers, a farmer felicitation was held in parallel to the foundation laying ceremony in the presence of over 200 Nestlé farmers.
Nestlé Lanka has made significant investments to support and develop Sri Lanka’s rural economy, especially in the dairy and coconut sectors.
As Sri Lanka’s largest private sector collector of fresh milk, collecting one third of the total commercially available fresh milk, and one of the world’s largest exporters of coconut milk powder, Nestlé supports the livelihood of close to 27,000 local farmers and their families.
Its payment to local farmers for procuring these raw materials came to Rs. 6 billion in 2016 alone.