Nestlé has opened two production lines for premium chocolate in Russia. This is expected to create 149 new jobs. The two production lines were transferred from the Tuchkovo factory in the Ruzsky district, Moscow, to the Samara region. These production lines will manufacture premium brand Comilfo chocolate. Nestlé has 13 production facilities in Russia including [...]

Nestlé will acquire a majority stake in Guatemalan based Malher group. Malher owns Malher, Yus and Toki brands. Pending regulatory approval, the financial details are yet to be disclosed. Malher owns two factories and four distribution centres – has more than 50 years successful commercial presence in Guatemala and is also present in other Central [...]

Mitsubishi Heavy Industries, Ltd. (MHI) has acquired a 40% equity stake in ATLA S.r.l., the Italian gas turbine parts manufacturing and repair company. It will help MHI to further enhance its operational structure for gas turbine maintenance services in Europe. The collaboration with ATLA, will help MHI to boost its competitiveness in the European power [...]