Banking on plant-based products for growth

The company's logo is seen at a Nestle plant in Konolfingen, Switzerland September 28, 2020. REUTERS/Arnd Wiegmann?

KUALA LUMPUR: Nestle (M) Bhd could see margins compression from the rise in commodity prices, but its venture into plant-based products could be earnings accretive in the long-run.

Last year, Nestle invested RM150mil to set up a plant-based meals solution manufacturing facility in Shah Alam, being the first of its kind in South-East Asia.