KARACHI, July 6: Nestle Pakistan, a subsidiary of Nestle S.A. Switzerland, has planned to invest $371 million up to the year 2014 under a long term investment plan. The company will invest $209 million for a five-year period under a short term plan, Nestle Pakistan Managing Director Roland Decorvet told a press conference.

Giving the breakdown of investment, he said $70 million would be invested in increasing capacity of milk powder production by 40,000 tons per year and UHT milk production unit boosted by 300,000 tons a year at Kabirwala factory in Multan.

He said $44 million will be injected in its Sheikhupura factory in Faisalabad.

He added that the company has allocated $12 million for expanding milk collection operations. The company, he said, would further bring an investment of $31 million in bottled water plants, says a press release.