It was announced today that Nestlé will invest over €25 million in a significant expansion of its Research and Development Centre in Askeaton, Ireland.
The enhanced facility will be located at Nestlé`s existing plant in Askeaton, which produces a range of high quality premium powdered milk-based products for infants, young children and mothers for export to world markets.
The Director of the Food Division at Enterprise Ireland, Michael Cantwell says, "This is a strategically important investment for Ireland and is a huge vote of confidence in the future of the Irish dairy industry and the research connectedness in Ireland."
He added, "Nestlé’s decision to extend its R&D centre at its manufacturing plant at the Askeaton site is of critical strategic importance and underpins Nestlé’s commitment to its Irish based operations."
The extended R&D Centre, part of Nestlé`s global R&D network of close to 5,000 people, will concentrate on developing premium, high quality, innovative, science based products for mothers and infants.
It will incorporate state of the art laboratory facilities as well as a full pilot-scale manufacturing line to facilitate development and testing of new products from initial concept through to finished product development. The project investment is being supported by Enterprise Ireland.
Source: www.businessworld.ie
