Trade Resources Company News Nestle Health Science Invests $70m to Set up New R& D Center in New Jersey

Nestle Health Science Invests $70m to Set up New R& D Center in New Jersey

Nestlé Health Science is investing $70m to establish Nestlé Product Technology Center (NPTC) at the New Jersey Center of Excellence in Bridgewater, New Jersey to develop nutritional solutions.

The facility, which is scheduled to open in 2016, is intended to benefit from the wide network of the parent company Nestle and contribute to the research and development network of the parent company. NTPC will focus on applied research and product innovation, sensory perception, engineering and technical expertise in packaging.

Established in 2011, Nestlé Health Science focuses on research in nutrition in order to learn about the role of nutrients to help address health issues.

The teams from the company's R&D centre in Minneapolis will move to the new NTPC, along with the headquarter functions of Nestlé Health Science, which is currently based in Florham Park in New Jersey.

The Bridgewater center will strengthen Nestlé Health Science's presence in the northeast, as the company also plans to open its Novel Therapeutic Nutrition business offices in Cambridge, Massachusetts.

Nestlé Health Science CEO Greg Behar said, "This investment reflects our commitment to leading the development of innovative nutritional therapies that change the course of health for people and patients in the US and globally.

"The new facility will house the latest technologies and people in the field, uniting our R&D and business teams in a region with strong life-science activity; it will enhance and accelerate the quality and speed to market of Nestlé Health Science's innovations that improve nutritional status and health outcomes."

Recently, Nestle announced plans to save 144 million gallons of water annually in the drought-hit region of California by 2016, under its Creating Shared Value initiative to reduce the dependency on water at its manufacturing facilities.

In this regard, the company said it would implement Alliance for Water Stewardship (AWS) international standard in its water bottling and food manufacturing factories in California by 2017.

Source: http://www.food-business-review.com/news/nestle-health-science-invests-70m-to-set-up-new-rd-center-in-new-jersey-4690209
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