Nestlé Lanka invests Rs. 2 Bn on Kurunegala factory expansion
Factory Manager Technical, Nestlé Lanka; Pierre Emmanuel-Morin, MP, Anura Priyadarshana Yapa, Minister of Industries and Plantations, Dr. Ramesh Pathirana, Managing Director, Nestlé Lanka, Jason Avanceña, Swiss Ambassador to Sri Lanka and the Maldives Dominik Furgler and Director General BOI, Renuka Weerakoon. Picture by Gayan Pushpika
Nestlé Lanka reaffirms its commitment towards Sri Lanka by investing over Rs. 2 billion in its state-of-the-art factory in Kurunegala by building a new Vacuum Band Dryer.
Commencing operations in 1984, , Nestlé Lanka’s Kurunegala factory today manufactures over 90% of Nestlé products sold in the country, employing strict quality controls. Standing by the country and its people for over 115 years, the ‘Good food, Good life’ company has become an integral part of Sri Lankan lives and contributes to the livelihoods of more than 25,000 Sri Lankan dairy and coconut farmers and out-growers and provides direct employment to over 800.
Over the last five years, the company has consistently invested in the country, amounting to over Rs. 6.6 billion. The foundation stone of the building which will house the new Vacuum Band Dryer was laid yesterday at Nestlé Lanka’s Kurunegala factory. Chief Guest, Minister of Industries and Plantations, Dr. Ramesh Pathirana said “Economic prosperity is driven by investment which not only improves capacity, but also enhances people’s quality of life. Therefore, I consider it an honour to be present at this event today, as one of Sri Lanka’s leading companies announces an investment worth over Rs. 2 billion.”
“I am also glad to note that this investment would ultimately increase the company’s export potential, as foreign exchange is imperative for economic growth at present.”
Managing Director of Nestlé Lanka Jason Avanceña, said, “I am happy to announce this investment and expansion of our malted food category. This investment is testament to our unwavering commitment towards the country and cements our deep roots with Sri Lankans for over 115 years. This investment would also allow us to explore the opportunity of expanding our exports to several new markets, beyond the 50 countries we are currently serving, helping us contribute to the generation of foreign currency inflow. Although this is a challenging time for all of us in Sri Lanka, we believe in the country’s resilience, potential and its future wholeheartedly. We reaffirm our commitment to Sri Lanka, and we will continue to invest in our facilities and bring top Swiss-designed technology to cater to the different needs of our consumers in Sri Lanka.”