Nestlé Waters CEO Kim Jeffery is eyeing a bottle production plant for the East Coast.
Report: Nestle Waters plans new plant
Nestle Waters North America reportedly is interested in building a $30 million bottling plant at an unspecified location on the East Coast, which could produce some 40 million bottles from recycled materials annually.
Stamford-based Nestle Waters occupies a large section of supermarket shelves and convenience store coolers, with Poland Spring, Nestle Pure Life and Ice Mountain among its brands.
Plastic News reported the Nestle subsidiary wants a plant operational within a year’s time.
Separately, CEO Kim Jeffery told Dow Jones the company raised prices on its bottled water nearly 10 percent in April, due to the cost of plastic used to make bottles rising more than 40 percent since last October.
–Thanks to Save our Groundwater/NH. Originally posted 6/3/11 by Westfair Business Publications
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