Bangkok: Ekniti Nitithanpraphas has announced Nestl©'s plans to significantly expand its investment in advanced food technology in Thailand. The global food giant aims to create over 3,000 jobs, enhancing its food, beverage, and pet food businesses.
According to Thai News Agency, Deputy Prime Minister and Minister of Finance, Ekniti Nitithanpraphas, revealed details of the expansion during the WEF Annual Meeting 2026. Discussions with Mr. Remy Ejel, Executive Vice President and CEO of Nestl© Group for Asia, Oceania, and Africa, focused on supporting both domestic and export markets. The collaboration aims to establish Thailand as a strategic hub for Nestl© in the Indochina region.
Nestl©'s history in Thailand dates back to 1893, with continuous expansion resulting in eight production facilities employing over 3,000 people. These facilities serve as a production base for exports to various regions, including Asia, Japan, Australia, New Zealand, Europe, the United States, and Africa. In recent years, Nestl© has invested over 28 billion baht, particularly in its pet food business, positioning Thailand as a key global production base for the Purina brand. Investment incentives have facilitated the construction of two large factories, with approximately 90% of products exported, demonstrating Thailand's potential as a production base for high-value goods using local raw materials.
Nestl© also emphasizes human resource development, supporting government initiatives for workforce upskilling and reskilling through the Nestl© Needs Youth program. The company is collaborating with the Board of Investment (BOI) to expedite investment plans, underscoring Thailand's strategic importance in the region.