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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle : Nestlé Purina to invest CHF 310 million in new U.S. pet food factory

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09/27/2017 | 04:16pm CEST

Nestlé Purina PetCare Company has today announced plans to open a factory and distribution center in Hartwell, Georgia (). The plant will create as many as 240 new jobs over the next five years.

The Hartwell site will be Purina's 21st factory in the and the first new factory there in 20 years. The company plans to invest 320 million ( 310 million) in the facility between now and 2023.

The site will help Purina continue its goal of enriching the lives of pets and people, expanding capacity and distribution in the Southeast of the United States. Leading Purina brands include Purina ONE, Dog Chow, Friskies, Tidy Cats and Pro Plan.

The investment is in line with Nestlé's strategy to increasingly focus capital spending on advancing the high-growth food and beverage categories of coffee, petcare, infant nutrition and bottled water. Distribution center operations are expected to begin in 2018, with production to follow in 2019.

The factory will apply Nestlé principles on environmental impact. The company seeks to reduce its environmental footprint by improving efficiency, reducing greenhouse gas emissions, achieving zero waste to landfill, using renewable energy and being good stewards of water.

For more, read the press release on the Nestlé Purina website

Nestlé SA published this content on 27 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 September 2017 14:14:06 UTC.

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Financials (CHF)
Sales 2018 91 711 M
EBIT 2018 15 212 M
Net income 2018 11 222 M
Debt 2018 25 947 M
Yield 2018 3,07%
P/E ratio 2018 21,97
P/E ratio 2019 20,08
EV / Sales 2018 2,98x
EV / Sales 2019 2,90x
Capitalization 247 B
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 86,6  CHF
Spread / Average Target 7,2%
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Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer
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