The world’s largest coffee company Nestlé has started construction on a new factory in Cuba to meet growing consumer demand and strengthen its presence on the island. The site will produce the world’s leading coffee brand Nescafé, the local Cuban roast & ground coffee Serrano, Nestlé Fitness cereal based snacks, the Nesquik powdered beverage, as well as Maggi cooking aids. The plant is a joint venture between Nestlé and Cuban food enterprise Corporación Alimentaria. Yearly production capacity is expected to be over 18,500 tonnes in total – for local consumption and export. Operations will start in January 2020. The investment will help meet growing consumer demand in Cuba and strengthen Nestlé’s presence on the island, where it has been operating since 1908. It operates two factories there with Coralsa, producing mineral water, carbonated soft drinks and ice cream.
JDE Peet’s reports Q1 2025 results
International coffee company JDE Peet’s has released an interim update on its year-to-date business and financial performance. Key to the...