On the Street: Nestle Establishing Singapore Presence

July 23/Singapore/Hugin - English -- Nestlé announced that it is establishing a new regional hub for innovation in beverages.

This new regional hub, which is a team of technical specialists, will be located at the company's R&D center in Singapore. Its mission will be to accelerate renovation and innovation in beverages and develop new product concepts based on local tastes and preferences for both local and wider geographical rollout. The new hub will be fully functional at the beginning of 2011.

Nestlé has a strong and growing business in coffee mixes worldwide. This business is especially strong in the Asia Pacific region and is expected to continue to grow over the coming years.

From the August 2, 2010, Prepared Foods E-dition