Wednesday, October 04, 2006

Not a very sweet ending that!

Alistair Sykes, Chief Executive of Nestlé UK, said in a statement: “The UK confectionery market is extremely competitive and Nestlé Rowntree must therefore ensure its operations are cost effective.” Now the company wants to invest £20 million to improve production facilities at the plant in Yorkshire, where Aero, KitKat and Milky Bar are also produced. The five-storied Victorian building erected by the Quaker philanthropist Joseph Rowntree is going to be brought down and replaced by a development including residential units. This way, Nestlé can benefit from high real estate prices in York. Not a very sweet ending that!

For complete IIPM article click here

Source:- IIPM Editorial

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