Nestle lays first stone for $55 mn coffee factory in Cuba's Mariel port

Cuba and Swiss firm Nestle on Tuesday laid the first stone of a $55 million coffee and biscuits factory joint venture in the Mariel special development zone, the latest major foreign investment in the Communist-run island.

Nescor is Cuba's third joint venture with Nestle and reflects President Raul Castro's drive to attract international capital to help update the Soviet-style command economy and stimulate growth. Cuba created the zone around the Mariel port just west of Havana four years ago, offering companies significant.....

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