Nestle India plans new facility

01/08/05 Nestle India Ltd on Friday said that it would set up a new manufacturing facility in Uttaranchal at an investment of Rs 100 crore over the next two to three years.

The new facility would mainly manufacture culinary products and is expected to begin commercial production in the first half of 2006.

The company has reported a 93.5 per cent year-on-year surge in net profit for the second quarter ended June 30, 2005 to Rs 82.77 crore. Net sales rose 19.7 per cent compared to the same period last year to Rs 615.77 crore during the quarter under revie w, it said.

http://www.thehindubusinessline.com/businessline/blnus/02291510.htm