Business

Nestlé Lanka expands manufacturing capacity of Kurunegala facility

Nestlé Lanka stated it reaffirmed its commitment towards Sri Lanka by investing over Rs. 2 billion in its factory in Kurunegala by building a new vacuum band dryer to expand the capacity of its manufacturing facility for malt food products. 

Addressing the gathering, Minister of Industries and Plantation Industries Dr. Ramesh Pathirana, who was the event’s chief guest, 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.” 

Having started its operations in 1984, today, Nestlé Lanka’s Kurunegala factory manufactures over 90% of Nestlé products sold in the country, employing strict quality controls. The company stated it 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 outgrowers, 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. 

At the event, MP Anura Priyadarshana Yapa said: “As a company with deep roots in the country for 115 long years, Nestlé Lanka has consistently invested in Sri Lanka with purpose. The trust the company has placed in the country’s potential is truly inspirational. I look forward to witnessing the positive ripple effect this investment will bring forth to our communities and the economy, in the years to come.” 

The new Swiss-designed Vacuum Band Dryer adopts the latest technology and helps the company deliver more of its much loved brands: Nestomalt and Milo. 

An event was held on 23 November 2022 to commemorate the inauguration of this project, laying the foundation stone of the building that will house the new vacuum band dryer. Held at Nestlé Lanka’s Kurunegala factory, the event was graced by Minister Pathirana, Swiss Ambassador to Sri Lanka and the Maldives Dominik Furgler, MP Anura Priyadarshana Yapa, and Board of Investment (BOI) Director General Renuka Weerakone, along with officials from Nestlé Lanka.

“We are currently facing several economic volatilities, both short- and long-term, and the role played by capital investments is vital in supporting economic recovery and growth. Therefore, we appreciate Nestlé Lanka’s efforts in strengthening its investments in Sri Lanka, as it echoes a positive message about the potential of the country, encouraging further investments,” said BOI Director General Weerakone. 

Sharing his thoughts, Nestlé Lanka Managing Director Jason Avanceña: “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. 

“On behalf of Nestlé Lanka, it is a great pride for me 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. We hope to positively contribute to our consumers and communities through this investment, by increasing the production capacity of two of our biggest brands – Nestlé Nestomalt and Milo. 

“We are also happy to share with you that 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.” 

Driven by its purpose of “unlocking the power of food to enhance quality of life for everyone, today and for generations to come”, Nestlé stated, it has nourished generations of Sri Lankan families with high quality food and beverages from early childhood to old age.