Nestlé has secured BOI approval to invest 6.4 billion baht in two pet food and treat manufacturing facilities in Rayong, targeting >90% export to key markets like the US, Canada, Japan, and Australia. Thailand ranks #2 globally in pet food exports; this investment leverages domestic raw materials (56-88% sourcing, ~450 million baht/year in local inputs) and positions Thailand as a strategic production hub while strengthening linkages to local agricultural suppliers.