Nestle remains optimistic on M’sia

Investors’ choice: Hofbauer with some of Nestle’s products. He says Malaysia is an attractive investment destination based on long-term fundamentals, good strategic location and abundant resources. — Bernama

KUALA LUMPUR: Nestle (M) Bhd is emerging as a strong and formidable food giant after 104 years in Malaysia with a substantial investment of about RM1.1bil over the last five years.

After forging a strong presence in the country since 1912 and embarking on an aggressive new product innovations several years ago, the Malaysian unit of Switzerland-based Nestle S.A. is now ready to roar and further engage the hearts and minds of Malaysians.