Israeli ice cream plantThis article was originally published in Foodnews
OSEM, one of the largest food manufacturers in Israel, plans to build a ILS150 million (USD42.8 million) Nestlé ice cream plant in the country. The company, which is majority-owned by Nestlé, plans to build the plant in a development town, making it eligible for an Investment Promotions Centre grant, reported globes.co.il. Osem raised a request for the grant when the minister of industry, trade and labour, Shalom Simhon, visited the company's current Nestlé ice cream factory in Beer Tuvia last week. The factory site is owned by Tnuva Food Industries and Osem reportedly pays ILS4-5 million in annual rent. Nestlé Ice Cream general manager, Zeev Kalimi, told the website that once a final decision is made regarding the plant, construction should take 18 months.