Nestle

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NESN

Vucic opens Nestle factory in Surcin

BELGRADE - Serbian President Aleksandar Vucic and Nestle representatives ceremonially opened the Swiss company's new, modern factory in the Belgrade municipality of Surcin on Tuesday.

The factory will be producing plant-based meals.

In a speech, Vucic said that, as a wealthy and accomplished man, the company's founder Henry Nestle had been helping the poor.

Nestle posts higher 2021 profit, sales as prices hiked       

Swiss food giant Nestle's net profit and sales rose in 2021 as it sold shares in cosmetic company l'Oreal and hiked prices amid soaring global inflation, group results showed Thursday.

Businesses have faced supply chain disruptions and decades-high inflation as the global economy recovers from the Covid pandemic and energy prices surge.

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