The world largest food and beverage company is one of very few international companies to announce new investments in Ukraine since Russia invaded the country in February.
A senior Nestlé manager described it as an important move in a challenging situation for Ukraine.
“We aim to create a food and culinary hub, ensuring incremental jobs and serving the needs of Ukrainians and all European citizens with high quality products,” said Alessandro Zanelli, Nestlé CEO for the south eastern European markets.
Russia’s invasion has wrecked Ukraine’s economy, which is projected to shrink by 35% this year, according to estimates by the International Monetary Fund.
In recent weeks power blackouts have spread throughout the country as Russia intensified attacks on Ukrainian power facilities.
Nestle, which already has about 5,800 staff in Ukraine, is planning to add 1,500 new jobs at the new production facility in Smolyhiv in the Volyn region.
Popular Stories
More
Swiss Abroad
The citizenship obstacle course facing spouses of Swiss Abroad
This content was published on
The Ethos Foundation recommends that shareholders vote against all compensation-related items at the Annual General Meeting on March 7.
Top Swiss firms close to reaching gender quota in boards
This content was published on
The proportion of women on the boards of directors of the fifty largest listed companies in Switzerland currently stands at 28%.
Swiss committee wants to end government resignations during legislative term
This content was published on
Members of the Federal Council should no longer be able to leave office before the end of their term, according to a House of Representatives committee.
Swiss government seat: Ritter and Pfister nominated to succeed Amherd
This content was published on
Markus Ritter from St Gallen and Martin Pfister from Zug were officially nominated by the Centre Party on Friday to succeed Defence Minister Viola Amherd.
Top Swiss court rejects Russian request for administrative tax assistance
This content was published on
There is currently no reason to transmit banking information to the Russian Federation, the Swiss Federal Court has ruled.
After strike by radiologists, doctors demonstrate in Bern
This content was published on
Following a strike by radiology technicians in Fribourg, doctors, vets, dentists and chiropractors expressed their frustration on Friday outside parliament in the Swiss capital.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Ukrainian officials shame Nestlé over Russia presence
This content was published on
Ukraine's top government officials have accused the Swiss multinational of being complicit in Russia’s "war crimes" in their country.
This content was published on
Swiss food manufacturing company Nestlé will buy the Starbucks subsidiary ‘Seattle’s Best Coffee’ amid flagging sales of its other coffee brands.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.