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Nestle to invest $2.1 bn Swiss francs in recycled plastics

Nestle to invest $2.1 bn Swiss francs in recycled plastics

Thursday, January 16, 2020, 8:14 PM

Swiss food giant Nestle said Thursday it would invest 2.0-billion Swiss francs (1.8-billion-euros, $2.1-billion) over five-years to cut its use of virgin plastics in favour of food-grade recycled plastics. The company, whose brands include Nespresso coffee, Vittel water and Smarties chocolates, also plans to invest in new-types of sustainable packaging to meet its target of making all its packaging recyclable or reusable by 2025.
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