{"id":600300,"date":"2019-01-27T04:21:50","date_gmt":"2019-01-27T04:21:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/"},"modified":"2019-01-27T04:21:50","modified_gmt":"2019-01-27T04:21:50","slug":"nestle-ambition-to-invest-in-egypt-continues-forward-momentum","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/","title":{"rendered":"Nestl\u00e9 ambition to invest in Egypt continues forward momentum"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Nestl\u00e9 inaugurates EGP 250 mn Bonjorno factory: <\/b>Nestl\u00e9 inaugurated on Thursday its EGP 250 mn (USD 14 mn) factory for its coffee brand Bonjorno, located in the 6th of October industrial zone, according to a statement (pdf)<\/a> from the Swiss food giant.<\/p>\n

An export hub in the making:<\/b> The 12,740 sqm facility, which has a workforce of about 240 employees and provides around 7000 indirect jobs, \u201cuses Nestl\u00e9\u2019s strong manufacturing and innovation capabilities \u2026 We aim to have the Bonjorno factory as an export hub for coffee in the region<\/b>,\u201d said Nestl\u00e9 SA executive VP and head of operations Magdi Batato. Moataz El Hout, the CEO of Nestl\u00e9 North Africa, said that \u201cin the last few years, our local workforce reached almost 3,500 direct employees and invested almost EGP 1 bn into manufacturing, distribution facilities and skill development.\u201d<\/p>\n

Background:<\/b> Nestl\u00e9 acquired<\/a> Bonjorno owner Caravan Marketing Company<\/a> in late 2017. At the time, the company said<\/a> it had plans to continue investing in the Egyptian market. The story is getting coverage in the global trade press<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Nestl\u00e9 inaugurates EGP 250 mn Bonjorno factory: Nestl\u00e9 inaugurated on Thursday its EGP 250 mn (USD 14 mn) factory for its coffee brand Bonjorno, located in the 6th of October industrial zone, according to a statement (pdf) from the Swiss food giant. An export hub in the making: The 12,740 sqm facility, which […]<\/p>\n","protected":false},"author":1,"featured_media":600301,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,125,3116,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-investment-watch","tag-nestle","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5b729689-5ceb-48a3-b99d-4961a717ec5b","is_powered_by":true,"section_story_id":"6a03f35b-57fb-46bb-bee1-f870adca389a","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/1\/1693.jpg","photo_position":"above","related_issue":[600290],"teaser":"","voice_url":""},"yoast_head":"\nNestl\u00e9 ambition to invest in Egypt continues forward momentum - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nestl\u00e9 ambition to invest in Egypt continues forward momentum\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Nestl\u00e9 inaugurates EGP 250 mn Bonjorno factory: Nestl\u00e9 inaugurated on Thursday its EGP 250 mn (USD 14 mn) factory for its coffee brand Bonjorno, located in the 6th of October industrial zone, according to a statement (pdf) from the Swiss food giant. An export hub in the making: The 12,740 sqm facility, which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-27T04:21:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1693.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Nestl\u00e9 ambition to invest in Egypt continues forward momentum\",\"datePublished\":\"2019-01-27T04:21:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/\"},\"wordCount\":177,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1693.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"Nestl\u00e9\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/\",\"name\":\"Nestl\u00e9 ambition to invest in Egypt continues forward momentum - 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The statement does not provide details on the cost or location of the new facility, which will house eight production lines.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594360,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/nestle-to-invest-egp-600-mn-to-set-up-new-mineral-water-factory-in-egypt\/","url_meta":{"origin":600300,"position":4},"title":"Nestl\u00e9 to invest EGP 600 mn to set up new mineral water factory in Egypt","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"INVESTMENT WATCH- Nestl\u00e9 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\u2019s business executive officer Rasem Dabbas told the press. 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