Nestlé is investing $42.9 million in a new processing facility in western Ukraine, bringing an additional 1,500 jobs to the war-torn nation.
The facility is slated to be built in Smolyhiv in the Volyn region, producing sauces, soups, instant foods and seasonings for the domestic market and elsewhere in Europe. It would be one of the few foreign industrial investments in Ukraine since Russia invaded in February.
"This is an important move for Nestlé, taken in a very challenging time for the country," Alessandro Zanelli, Nestlé chief executive officer for South Eastern Europe Market, said in a statement quoted by Reuters.