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
Climate adaptation
Why Switzerland is among the ten fastest-warming countries in the world
Has your continent reached its peak or is there still potential for economic growth?
Some regions of the world are on an upward trajectory with the promise of a steadily improving future. Where do you live? And in which direction is your region or continent developing?
Living longer: What do you think about the longevity trend?
The longevity market is booming thanks in part to advances in the science of ageing. What do you think of the idea of significantly extending human lifespan?
US tariffs: Pharma firms not planning job cuts in Switzerland
This content was published on
The additional investments in the US will not lead to a reduction in jobs in Switzerland. This is according to pharmaceutical giant Roche, which expects the number of employees to remain stable in the current year. The position of Novartis is similar.
Switzerland is closely monitoring three livestock diseases
This content was published on
The spread of Lumpy skin disease, Bluetongue and African swine fever are keeping Swiss veterinary authorities on the alert.
Swiss writer wins European Prize for Political Culture
This content was published on
On Saturday, the Hans Ringier Foundation awarded the 91-year-old Zurich writer Adolf Muschg the European Prize for Political Culture.
Swiss government working with firms to overcome high US tariffs
This content was published on
The Swiss delegation that travelled to Washington has returned from talks on tariffs in the United States. The negotiations are now being conducted under the aegis of the government and the federal administration, according to Seco.
WTO improves its world trade forecast thanks to Trump’s tariffs
This content was published on
The World Trade Organisation (WTO) expects world trade to grow by 0.9% this year, better than expected in April. US imports surged in the first quarter as a result of Donald Trump's tariff announcements.
Swiss gold exports might not face US tariffs after all
This content was published on
Gold exports to the United States may not be taxed after all. The White House plans to "issue an executive order in the near future to clarify misinformation regarding the taxation of gold bullion," among other things.
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.