Nestlé to invest EGP 600 mn to set up new mineral water factory in Egypt

INVESTMENT WATCH- Nestlé will invest EGP 600 mn in three years to set up a new bottled water factory, and spend EUR 30 mn next year to add two production lines to its existing facility near Banha, the company’s business executive officer Rasem Dabbas told the press. Dabbas made no mention of the new plant’s timeline or planned location. The expansion to the standing facility will boost its production capacity of Nestlé and Baraka bottles by 20%.