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Nestle to invest 2b pesos in new Milo plant in Philippines

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The new plant will make protomalt - a key ingredient in Nestle's very popular Milo chocolate-and-malt drink.

Manila

THE Philippines unit of Nestle SA, the world's largest food-and-drink company, will invest 2 billion pesos (S$57 million) to build a new plant to make a key ingredient in its Milo chocolate-and-malt drink.

Nestle Philippines CEO Jacques Reber said on Tuesday that the new

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