Nestlé Aims To Acquire Local Companies

Polish food manufacturer Nestlé Polska, a subsidiary of the Swiss based food giant, is exploring possible acquisition targets in Poland as it looks to expand its production capacity. The company has stated that increasing domestic production is a necessary measure to lessen the burden of costly imports, which have risen as the local zloty currency (PLN) - Poland has not adopted the euro yet - has lost more a third of its value against the euro since October 2008. Costly imports have increased Nestlé Polska's input costs and by increasing production in Poland, the company will also be in a

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