Nestle opens new global procurement hub in Malaysia
Nestle has selected Malaysia as one of its three sites across the world for its global procurement hub, it has been announced at a press conference.
The company’s Malaysian CEO, Alois Hofbauer, said a new 23,000 sq ft hub would service over 100 countries worldwide.
"We are very delighted to have this hub at Nestle Malaysia. We are participating in the success of this hub,” he commented.
“We are getting great quality, raw and packaging material at the very best prices so that we can pass this on to Malaysian consumers.”
The Malaysian hub will act as Nestle’s location to serve the Asian market, and is one of three global hubs, known as Nestrade.
He added: “The hub in Malaysia will source required ingredients, materials and services from around the world to supply the needs of over 100 countries globally.”
The company has some 130 staff in Malaysia to oversee and conduct procurement activities for Nestle markets across the globe.
Overall, Nestle employs more than 5,000 Malaysians.
Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan said the decision was a boost to the country’s ambition to become a preferred investment destination.
“Malaysia is well-positioned as an attractive destination for businesses. To date, more than 5,000 foreign corporations from 40 countries have established operations here in Malaysia,” he commented.
He said Nestle Malaysia's investments exceeded RM1.1 billion ($270mn) over the past five years.