Backward integration has built our capacity, improved local content – Nestle MD

NIGERIA - The Managing Director, Nestle Nig Plc, Mr. Mauricio Alarcon, has said his company’s Backward Integration Policy (BIP) and the use of more familiar and common ingredients has not only improved the nutritional profile of their products, but also boosted the economy. At the launch of the company’s new variant of seasoning, Maggi Naija…

Nestle acquires Chameleon Cold-Brew to diversify its coffee portfolio

USA - Nestlé USA has acquired Chameleon Cold-Brew, a leading provider of premium-crafted coffee sourced consciously and grown sustainably, diversifying its coffee portfolio. Founded in 2010, Austin-based Chameleon has become the number one organic cold brew brand in the US and one of the top three refrigerated cold brew brands in the country. Its current…

Cost savings, efficiencies boost Nestle Nigeria’s nine months profit

NIGERIA - Nestle Nigeria Plc, one of the country’s largest Fast Moving Consumer Goods Companies (FMCG) said on Monday that its revenue for the nine months to the end of September grew 43% N185bn ($510 million), from N129bn ($355 million) in the same period last year. The company behind such brands as Milo Cocoa drink,…

Nestle nine months sales fall as emerging markets rise

SWITZERLAND - Sales for Nestle SA fell slightly during the first nine months of 2017, where the weakness in the company’s European and North American businesses continued to challenge the company as performance in emerging markets improved. The company recorded approximately US$66,863 million during the nine months to the end of September, a slight decline…

Hershey to submit initial bid for Nestlé’s US candy business

USA – US chocolate giant producer, Hershey, is preparing to submit its initial bid to Nestlé’s US confectionery business, which makes sweets including Butterfinger, Baby Ruth, Sno-Caps and Laffy Taffy. Nestle had announced in June, that it would explore strategic options, including possible sale for its US chocolate and candy business. The business on the…

Nestlé to build its first infant formula plant in Russia

RUSSIA – Nestlé is building its first infant formula plant in Russia and the Eurasian region, as the world’s leading nutrition, health and wellness company invests to meet rising demand in the region. “The factory in Vologda is a strategic plant for Nestlé in Russia and CIS, the only factory producing Nestlé infant formula in…

Nestle Breakfast Cereals adopt colour-coded labelling in UK

UK – Nestle Breakfast Cereals have adopted the UK Government’s colour-coded labelling system, beginning October 2017. The labelling system, which features red, amber and green boxes, shows the amount of sugar, salt, energy and fat in each product, and is already underway. Nestle Breakfast Cereals had already reduced the amount of sugar content of its…

Nestle Nigeria rolls-out Milo RTD as competition heats up

NIGERIA - Nestle Nigeria Plc on Tuesday at its Lagos Headquarters unveiled a ready-to-drink version of MILO, the company’s flagship brand. The company which launched the new RTD at a Retailers’ Conference said that the product is made from natural products like cocoa, malt and milk, adding that it contains no preservatives and provides essential…