Nestle reports 2.3% sales growth to US$43.9 billion in first half year results

SWITZERLAND - Swiss food giant Nestlé has reported a 2.3% sales growth to US$43.9 billion in the first half of the year as markets in the US and China improve. According to the company, the organic growth of 2.8% in the first half was due to the expectations and guidance plans for 2018. Real Internal…

Nestlé inaugurates new NESCAFÉ Dolce Gusto in Vietnam to increase production

ASIA – Nestlé, a Swiss transnational food and drink company, has inaugurated a new NESCAFÉ Dolce Gusto capsule production line in Dong Nai Province, Vietnam, expanding the Vietnamese facility production to 130m capsules per year. According to the company, the NESCAFÉ Dolce Gusto capsule production line uses raw materials from high quality Vietnamese coffee beans,…

Nestlé Nigeria MD Mauricio Alarcon appointed second VP of NECA

NIGERIA - Nestle Nigeria Managing Director, Mauricio Alarcon has been appointed the second vice president of Nigeria Employers Consultative Association (NECA), Beverage Industry news has reported. Alarcon, charged with key roles in the governing council and management committee, was previously involved in the direction of the association for the past one year as a member…

Nestle to reward US$1.08m to cocoa farmers under the Nestlé Cocoa Plan (NCP)

GHANA - Nestle Ghana Ltd will reward US$1.08 million to over 17,615 farmers under the Nestlé Cocoa Plan (NCP) as the company looks to doing business profitably while ensuring sustainable development in the community they operate. The increased premium payment is geared at motivating farmers for quality cocoa production, meet production standards, increase local sourcing…

RSPO reinstates Nestlé’s certificates and membership status

ASIA - The Roundtable on Sustainable Palm Oil (RSPO) has reinstated Nestlé S.A.’s membership following the submission of its time-bound action plan to achieve 100% RSPO certified sustainable palm oil by 2023. Nestle earlier in June had its membership of the industry watchdog RSPO suspended as the Swiss food group had failed to submit a report detailing…

Nestle sells New Zealand confectionery business with 55 jobs lost

NEW ZEALAND – Nestlé, a multinational food and beverage company, has sold some of its confectionery brands in New Zealand – including Fabulicious Red Licorice, Mackintosh and Black Knight – to Sydney-based firm Quadrant Private Equity. According to FoodBev, the company will cut production at its Wiri factory with as many as 55 jobs likely…

Nestlé India launches a range of wholegrain and multigrain breakfast cereals

INDIA – Nestlé India, a food and beverages company, has announced the launch of NESPLUS - a range of wholegrain and multigrain nutritious and delicious breakfast cereals for the entire family. According to the company, in line with the vision to introduce products rooted in nutrition, health and wellness, it will be adding Nestlé Breakfast…

Nestle’s new wind farm to help meet renewable energy goals in UK and Ireland

UK - The Swiss food and drink conglomerate, Nestle SA has opened a new wind farm at Sanquhar in Dumfries and Galloway, Scotland to power half of its UK and Ireland factories using renewable energy. According to Nestle, the facility is a nine turbine wind farm with the ability to generate 125 gigawatt hours of…

Investor Dan Loeb wants Nestle SA to split up into 3 divisions for more sales

SWITZERLAND - Dan Loeb, an investor activist in the Swiss transnational food and drink company, Nestle SA is demanding the group to consider restructuring and a split-up into three divisions that is beverages, nutrition and grocery. The restructuring in addition to a ‘sharper’, ‘bolder’ and ‘faster’ focus would help boost sales as well as put…

Nestlé SA in “talks” to buy majority stake in Champion PetFoods for over US$2b

CANADA – Nestlé SA, a Swiss transnational food and drink company, is in talks to buy a majority stake in Champion Petfoods LP for more than US$2-billion, according to the Wall Street Journal, citing people familiar with the matter. Nestlé is under pressure to deliver faster growth in its portfolio of products and is looking…