Nestlé Lanka Marks 120 Years With Rs. 9 Billion Investment Plan

Nestlé Lanka will invest Rs. 9 billion over the next four years to expand its manufacturing operations in Sri Lanka, highlighting confidence in both the domestic market and export potential despite economic challenges.

Chairman and Managing Director Bernie Stefan said the investment will focus on strengthening the Pannala manufacturing base, particularly scaling up export-oriented lines such as coconut milk powder. He emphasized that Nestlé’s deep connection with local consumers underpins its long-term confidence.

Sri Lanka’s market may be small, but sustainable growth remains achievable. Stefan noted that over 90% of Nestlé products sold locally are manufactured in the country, and every minute about 5,000 products like Milo, Nestomalt, Nespray, and Nescafé are consumed.

Coconut milk powder has emerged as a fast-growing global product, especially in Western markets and China, with Nestlé Lanka already the leading exporter. The company employs around 800 staff directly, while thousands more livelihoods are supported through its supply chain, including over 7,000 dairy farmers and 130 million coconuts purchased annually.

Stefan highlighted youth employment initiatives through the Nestlé Needs Youth program, supporting around 10,000 students with mentorship, internships, and career opportunities.

Sustainability is also central to the company’s plans. Nestlé Lanka aims to become 100% plastic neutral in 2026 and contributes to global net-zero carbon goals, implementing renewable energy, biomass boilers, and rail logistics. Agricultural programs like the Nestlé Coconut Development Plan have benefited over 5,000 farmers, promoting regenerative farming and community engagement.