date:Feb 20, 2014
Nestl Australia is set to invest A$9.5m at its factory in Papua New Guinea for the first stage of expansion.
The project, which will create about 75 jobs, involves installation of new production equipment at the company's site in Lae, to meet increasing demand particularly for its MAGGI noodles and MAGGI bouillon products.
With this project, the company will witness a 30% increase in its manufacturing capacity.
Nestl executive vice president and Oceania, Africa, Asia and the Middle East zone