Political decisions encouraging biofuel production from palm oil is causing deforestation in Indonesia and not the low tonnage sourced by Kit Kat maker Nestlé, according to the chairman of the Swiss based food company.
Recession-hit 2009 wrecked havoc for multinationals in many sectors, but Nestle’s full year results show a company relatively unscathed and still reporting good growth rates.
Nestle and Marks & Spencer have this week made new pledges about their use of sustainable palm oil, with both ramping up to using only certified oil in products by 2015.
Nestle has said it will stop buying milk from a Zimbabwe farm appropriated from white owners and now run by Grace Mugabe, as the dairy board will resume start buying the farm’s milk instead.
Nestle is being slammed for sourcing milk from a Mugabe-owned farm in Zimbabwe. In a world where both business and information are globalised, any big business practices deemed unacceptable – wherever they take place – are liable to unleash a furious...
Nestle has opened a chocolate research centre in Switzerland to inspire new formulations, product concepts and packaging designs in the luxury segment.
Nestle has indicated that the recession need not be all about cutting costs and keeping prices down, unveiling initiatives to tackle longer-term economic and social challenges, and create shareholder- and public-value.
Nestle expects to carry on seeing growth in earnings over 2009 despite the global recession, using its strong 2008 results as a springboard for growth.
A new study from Nestle has revealed that the human brain makes quick decisions on the energy and fat content in food just by looking at it – a finding that adds to knowledge on why we choose to eat the foods we do.
The UK’s Advertising Standards Agency has upheld complaints against two ‘misleading and inaccurate’ adverts for Nestle’s Maggi Noodles and GlaxoSmithKline’s Horlicks which made unsubstantiated health claims.
Repositioning on a healthy food platform and investing in research
of value-added ingredients has lifted Nestle out of the reach of
raw material prices and other economic encumbrances.
The third in a series of FoodNavigator-USA.com articles on the
health and wellness approach of major US companies examines
Nestlé's increasing focus on research and development as a means to
improve human nutrition.
New technology to produce noodles with lower fat and salt content
will form part of Nestle's Malaysian RM100m ($29.1m) investment
plans to upgrade some its manufacturing facilities.
Nestle is eyeing organic growth in health, wellness and nutrition
of five to six per cent over the next ten years, the chief
financial officer was due to told investors at a seminar today.
Chocolate producers Nestlé and Barry Callebaut have joined forces
to improve their respective positions in the competitive European
market as the maker of Smarties chocolate hands over facilities and
a supply contract to the Swiss...
The frozen desserts industry saw further European consolidation as
an equity firm swooped in to take Richmond Foods, Britain's largest
ice cream manufacturer.
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
growth rate.
Nestle, the world's largest food company, depended on its pet
business, beverages and ice creams to keep overall sales growth
humming at 5.2 per cent during the first half of the year, although
Europe remained sluggish at 1.5...
Nestlé has launched new sweets and biscuits in Russia as intense
competition has forced the firm to invest heavily in what is now
the world's fourth biggest confectionery market, reports Angela
Drujinina.
Nestle, the world's biggest foodmaker, has apologised to Chinese
consumers after the country's safety authorities detected too much
iodine in one of its milk-power brands.
Nestlé, the world's biggest food and drink manufacturer, has
announced a modest increase in Q1 profits after successfully
offsetting rising raw material costs with price increases across
the UK and Continental Europe, Tom Armitage...
Chocolate consumption in the UK is slowing down as health and diet
concerns impact sales, a trend which has created opportunities for
major players to roll out sugar free and low carbohydrate products,
according to market analysts...
Dairy products remain an important growth driver for Swiss food and
beverages group Nestlé, despite the disposal of a number of assets
and poor weather conditions which affected sales during the first
half. But organic growth was...
Cross-segment product launches are nothing new in the food
industry, but the pace of new product development appears to have
quickened in recent years as manufacturers seek to leverage the
strength of their brand by reinventing it...
Nestle Cesko has announced a small profit for 2003, following a
loss in 2002 which was caused by a summer of heavy flooding that
led to extensive damage to the company's operations.
Nestlé has launched a new ice cream production line at its Namyslów
facility in south-east Poland. The extension aims to meet an
extensive broadening of its ice cream product portfolio in an
effort to keep up with increasing demand...
The dynamic performance of the Romanian chocolate sector continues
to gather pace with the announcement from Supreme Chocolat that it
has increased its sales in the first quarter by an impressive 120
per cent.
Nestle Sofia, the Bulgarian division of Swiss food giant Nestle,
has made a clear break into profitability, having announced a 70
per cent increase in its net profit for the 2003 period.
Nestle Russia has started construction of a €100 million coffee
processing plant in the Krasnodar Territory. The full-cycle
facility is Nestle's first processing for coffee in the region and
is an attempt to muscle in on fast...
Nestle's Hungarian division has announced a disappointing set of
financial results for 2003. Despite the fact that sales grew
significantly, the division was hit by the continuing strength of
the Swiss franc.
Although growth has been rapid for Nestlé in the Russian
confectionery sector, there are a number of challenges to be
tackled in order to ensure future expansion - low per capita
consumption and ingredients supplies being the primary...
Demands for damages of around $6 million from the Ethiopian
government at a time when the country is facing famine have led to
a storm of protest against Swiss food giant Nestle. But the company
said it would invest the proceeds of...
Is the phrase 'Have a Break' inextricably linked to the KitKat
confectionery brand? Well, no, at least according to the UK High
Court and US confectionery group Mars. But Nestle, the Swiss maker
of KitKat, is set to continue...
Cadbury-Schweppes and Nestle are reported to have struck agreement
on the brands and assets each would undertake if their joint bid
for Hershey Foods is accepted.
Shares in food giant Nestle jumped 2.8 per cent on Wednesday as
investors bet a US court would intervene in the sale of Hershey
Foods, reducing the odds that Nestle would overpay for the
chocolate icon.
Food giant Nestle said on Monday that a closely watched court
hearing on delaying the planned sale of US chocolate maker Hershey
is unlikely to be the last word in the controversial transaction.
Nestle and Cadbury, the two European confectionery giants, are
reported to be discussing a joint bid for Hershey, the US chocolate
maker. But while a joint bid is unlikely, both firms could profit
from the sale.
Food giant Nestle yesterday moved to quell market speculation it
was poised to launch a top-dollar bid for US chocolate maker
Hershey Foods, suggesting it would only pursue deals that met
certain growth and cost criteria.
Food conglomerate Nestle has emerged as the favourite to win a
multi-billion auction for American chocolate icon Hershey Foods
although investors took a cautious approach to reports a firm offer
was already on the table.
First-half net profits at the world's largest food and beverage
group, Nestle, rose 79.4 per cent to SF5.66 billion (€3.9 billion),
the group said on Wednesday, boosted by the partial initial public
offering of its eye care unit...
Choglit - no, not the name the European Commission wants producers
of non cocoa-butter chocolate to adopt but the name of a new drinks
brand produced jointly by Coca-Cola and Nestle and launched in the
US earlier this month.
Swiss food giant Nestle on Monday reiterated its interest in some
cereal brands put up for sale by Novartis as speculation mounted
that the food firm is among the last bidders for the drug firm's
health and functional food unit.
Switzerland's Nestle said on Tuesday that it would buy Chef America
for $2.6 billion (€2.7bn) in cash as the world's largest food group
tries to cement its position in the fast-growing US frozen food
market.
Swiss food group Nestlé this week announced that it has entered
into an agreement to combine Nestlé's US ice cream business with US
ice cream giant Dreyer's Grand Ice Cream.
