Nestle announces new investment projects in E China's Qingdao
3 years, 7 months ago

Nestle announces new investment projects in E China's Qingdao

China Daily  

Rashid Qureshi, chairman and CEO of Nestlé Greater China Region, speaks at the launch event for Nestle's new investment projects in Qingdao, East China's Shandong province, on April 27, 2021. Global food and beverage giant Nestlé on Tuesday announced new investment projects in Laixi, a county level city in Qingdao, East China's Shandong province, including a new Product Innovation Center and the launch of production of Gerber puree, in a bid to expand its production in baby food, coffee and dairy products. "Despite challenges brought by the pandemic, Nestlé has continued to increase its investment in the Chinese market, which demonstrates our commitment to China and its consumers," the company said. "With China having entered a new stage of development, Nestlé is highly confident about the Chinese market," Rashid Qureshi, chairman and CEO of Nestlé Greater China Region, said.

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History of this topic

Nestle India misses Q1 estimates, posts slowest revenue growth in 8 years
5 months ago

Nestle India misses Q1 estimates, posts slowest revenue growth in 8 years

Hindustan Times  

Nestle India's first-quarter profit and revenue came in below expectations on Thursday as price hikes drove shoppers towards cheaper rivals, pushing the consumer giant to mark its slowest revenue growth in eight years. The Indian arm of the Swiss food giant Nestle reported a net profit of 7.47 billion rupees for the three-month period ended June, missing analysts' estimate of …

India largest market for Nestle's Maggi worldwide, 2nd biggest for KitKat
6 months, 1 week ago

India largest market for Nestle's Maggi worldwide, 2nd biggest for KitKat

Deccan Chronicle  

New Delhi: India has become the largest market for Nestle globally for its instant noodles and soup brand Maggi and the second largest for chocolate wafer brand KitKat, according to the latest annual report of its local subsidiary.Besides, the India market with a high double-digit growth has become one of the fastest growing markets for Nestle, it added. "Penetration, premiumisation …

Nestle India highlights significant gains from parent’s IPRs amid royalty payout dispute
6 months, 1 week ago

Nestle India highlights significant gains from parent’s IPRs amid royalty payout dispute

Live Mint  

Packaged foods company Nestle India has said it has benefitted "immensely" from its parent company's intellectual property rights, or IPRs, over the years, leading to greater speed of innovation as well as cost-savings to the business. Nestle India maintains a licensing agreement with its parent company that grants it exclusive rights to manufacture and sell Nestle products in India, use …

Nestle India on sugar controversy: ‘No risk or harm, racial charges unfortunate’
7 months, 3 weeks ago

Nestle India on sugar controversy: ‘No risk or harm, racial charges unfortunate’

Hindustan Times  

Nestle India Chairman & Managing Director Suresh Narayanan said that the company's infant food formulation for children below 18 months is done on a global basis. Nestle India's sugar content in Cerelac is much lower than the upper limit prescribed by FSSAI, he said, adding, “There is nothing in this product that makes it a product that is potentially of …

Nestle profit up 27%; to form JV with Dr Reddy’s
7 months, 4 weeks ago

Nestle profit up 27%; to form JV with Dr Reddy’s

New Indian Express  

CHENNAI: Nestle India has posted strong quarterly numbers a day after Hindustan Unilever, another FMCG major, announced a disappointed set of numbers. The board of directors of the company have recommended a final dividend for the fifteen months financial year ended 31st March 2024 of 8.50 per equity share amounting to 819.5 crore. Going forward, the company said commodity prices …

Nestle India, Dr Reddy's to Form JV for Nutraceutical Brands in India, Other Agreed Territories
8 months ago

Nestle India, Dr Reddy's to Form JV for Nutraceutical Brands in India, Other Agreed Territories

News 18  

Nestle India and Dr Reddy’s Laboratories Ltd on Thursday announced that they have entered into a definitive agreement to form a joint venture to bring innovative nutraceutical brands to consumers in India and other agreed territories. A joint press release from the companies said the partnership will bring together the well-known global range of nutritional health solutions as well as …

Nestle adds sugar to infant milk, cereal products sold in several countries including India, study claims
8 months, 1 week ago

Nestle adds sugar to infant milk, cereal products sold in several countries including India, study claims

Hindustan Times  

World's largest consumer goods company Nestle adds sugar and honey to infant milk and cereal products in several countries including India, an investigation by Public Eye claimed. The report claimed that two of the best-selling baby-food brands by Nestle in India contain high levels of added sugar. Added sugar is often not included in the nutritional information available on the …

Nestle eyes sweet success in Qingdao
8 months, 1 week ago

Nestle eyes sweet success in Qingdao

China Daily  

Nestle forms a complete industrial chain integrating food research and development, processing, packaging, storage, and transportation in Qingdao. Nestle Qingdao celebrated its 30th anniversary and held the groundbreaking ceremony for the ultra-high temperature sterilized milk production center in the food industry cluster zone of Laixi, Qingdao on April 12. Over the past three decades, it has built two factories for …

Nestle eyes sweet success in Chinese market
8 months, 4 weeks ago

Nestle eyes sweet success in Chinese market

China Daily  

Visitors check out Nestle products during the sixth China International Import Expo in Shanghai in November. Nestle SA, a global food and beverage giant, is optimistic about the recovery and improvement of consumption in China in the second half, eyeing in particular coffee, pet foods and health and wellness products for continuous growth, said its top executive. Mark Schneider, CEO …

Nestle China reaps sweet gains on demand surge
9 months, 4 weeks ago

Nestle China reaps sweet gains on demand surge

China Daily  

Visitors check out Nestle products during the sixth China International Import Expo in Shanghai in November. CHINA DAILY Nestle China posted 2023 sales of 43.6 billion yuan, up 4.2 percent year-on-year, driven by increased product demand and e-commerce business, alongside a surge in market shares among soluble coffee, pet foods and confectioneries, according to its 2023 financial report. In the …

Nestle India Q4 profit surges over 4 per cent to Rs 655 crore, revenue rises 8 per cent
10 months, 2 weeks ago

Nestle India Q4 profit surges over 4 per cent to Rs 655 crore, revenue rises 8 per cent

India TV News  

Nestle India Ltd, a leading FMCG company, recorded a 4.38 per cent increase in net profit, reaching Rs 655.61 crore for the quarter ended December 31 compared to Rs 628.06 crore in the same period last year, according to a regulatory filing. However, Nestle India's revenue from operations increased by 8.07 per cent to Rs 4,600.42 crore compared to Rs …

Nestle expands efforts as consumption recovers
1 year, 9 months ago

Nestle expands efforts as consumption recovers

China Daily  

Visitors check out Nestle products during the fifth China International Import Expo in Shanghai in November. Global food giant Nestle has ramped up efforts since January on its businesses of coffee, infant nutrition, pet and health science through innovation, localization and digitalization, encouraged by a strong rebound in consumption, said its top executive. Zhang Xiqiang, CEO of Nestle Zone Greater …

Nestle India Q3 Results | Net Profit Up 8 Per Cent To Rs 668 Crore On Broad-Based Growth
2 years, 2 months ago

Nestle India Q3 Results | Net Profit Up 8 Per Cent To Rs 668 Crore On Broad-Based Growth

ABP News  

FMCG major Nestle India Ltd on Wednesday clocked an 8.25 per cent rise in its net profit to Rs 668.34 crore for the third quarter ended September 30. Nestle India's net sales rose 18.24 per cent to Rs 4,591 crore during the period under review against Rs 3,882.57 crore in the corresponding period of the last fiscal year, the company …

Nestle admits 60 percent of its products are unhealthy, aims to increase nutrition level
3 years, 6 months ago

Nestle admits 60 percent of its products are unhealthy, aims to increase nutrition level

Firstpost  

The Indian market was ranked at number 11 in terms of contribution to Nestle’s global revenue in 2020. Swiss FMCG major Nestle SA said it is looking across its entire portfolio to increase the nutrient profile of its products, following international media reports that 60 percent of the company’s mainstream food and drinks portfolio failed to meet a “recognised definition …

Nestle expands presence with fresh investments
3 years, 7 months ago

Nestle expands presence with fresh investments

China Daily  

Consumers browse products at a Nespresso store, a Nestle unit for coffee machines and other related products, in Sanlitun, Beijing. Global food and beverage giant Nestle's recent new investments to boost its high-end portfolio including baby food, coffee and dairy products signal the Swiss firm's confidence and commitment to further tap the rapidly growing China market. "With China having entered …

Nestle expands presence with fresh investments
3 years, 7 months ago

Nestle expands presence with fresh investments

China Daily  

Consumers browse products at a Nespresso store, a Nestle unit for coffee machines and other related products, in Sanlitun, Beijing. Global food and beverage giant Nestle's recent new investments to boost its high-end portfolio including baby food, coffee and dairy products signal the Swiss firm's confidence and commitment to further tap the rapidly growing China market. "With China having entered …

Nestle announces new investment projects in E China's Qingdao
3 years, 7 months ago

Nestle announces new investment projects in E China's Qingdao

China Daily  

Rashid Qureshi, chairman and CEO of Nestlé Greater China Region, speaks at the launch event for Nestle's new investment projects in Qingdao, East China's Shandong province, on April 27, 2021. Global food and beverage giant Nestlé on Tuesday announced new investment projects in Laixi, a county level city in Qingdao, East China's Shandong province, including a new Product Innovation Center …

Nestle agrees to sell US water business for $4.3 billion
3 years, 10 months ago

Nestle agrees to sell US water business for $4.3 billion

Hindustan Times  

Nestle SA agreed to sell its bottled-water business in the US and Canada to private-equity firm One Rock Capital Partners for $4.3 billion, as the food giant continues to revamp its portfolio. The foodmaker has been revamping its portfolios and divesting assets since Mark Schneider became chief executive officer in 2017, as he focuses on faster-growing areas like coffee and …

Nestle sells China water business to Tsingtao
4 years, 3 months ago

Nestle sells China water business to Tsingtao

China Daily  

Nestle, one of the world largest food and beverage companies, agreed to sell its China water business to Tsingtao Brewery Group on Aug 28, to focus on its high-end water business in China while allowing Tsingtao to diversify its portfolio. Tsingtao Brewery group will also produce and market the Nestlé Pure Life brand in China pursuant to a licensing agreement …

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