Nestle Australia has launched the world’s first version of a plant-based Milo, which boasts lower sugar content in addition to its vegan consumable status.
Nestle Malaysia recently launched the Milo Global Centre of Excellence in the country with the aim of meeting not only global demand for the malted chocolate beverage, but also overall hot drink demand within South East Asia.
Nestle is increasing its Indonesian production capacity by 25% through the expansion of three of its factories in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung).
Almost half of Nestle Malaysia’s RM220mn (US$52.4mn) CAPEX investment for this year will be going into the development of its Milo Manufacturing Centre of Excellence, a nod to the country’s passion for the chocolate malt drink.
After four years of ongoing customer dissatisfaction, Milo New Zealand has acquiesced to tweak its recipe to bring back the classic malt beverage’s original taste.
Nestle Australia is set to launch its new cane sugar-free Milo 30% Less Added Sugar next month after over two years of development – but consumers will getting less beverage for their buck due to higher production costs.
Nestle (Malaysia) Berhad will be investing over RM100mn (US$24mn) to establish the world’s largest Milo Manufacturing Centre of Excellence, but it will also lead to Milo production at one existing site halting.
