Nestle reports a 2.8% organic growth with sales increase to US$22b

SWITZERLAND - Nestlé S.A, the Swiss transnational food and drink company has reported 2.8% organic growth, starting the year with 1.4% increase in sales to US$22billion. In 2018, Nestle is looking forward to 2-4% growth in organic sales, US$723 million in restructuring costs and increase its underlying earnings per share in constant currency and capital…

Plastic food packaging fails in tackling environmental food waste

EUROPE - Plastic food packaging has failed to reduce food waste, but rather seems to be compounding the food waste problem in Europe, where packaging and waste has doubled between 2004 and 2014. In a new study published by NGOs Friends of the Earth Europe and Zero Waste Europe, food waste doubled to an estimated…

Nestle announces plan to make its packaging 100% recyclable or re-usable by 2025

SWITZERLAND – Nestlé, a Swiss transnational food and drink company has announced its ambition to make 100% of its packaging recyclable or re-usable by 2025. Nestlé believes that there is an urgent need to minimize the impact of packaging on the environment, with a vision that none of its packaging, including plastics, ends up in…

Nestle to invest US$26.5m to upgrade Ukraine’s Mivina factory

UK - Nestle, a leading food and beverage company is set to invest US$26.5million in its Kharkiv-based Mivina factory in Ukraine to modernize and upgrade production at the site. The investment which increases capacity and efficiency in production of noodle-based soups and mashed potato is part of the company’s strategy to improve production facilities in…

Nestlé’s unveils the world’s first chocolate with innovation to reduce sugar by 30%

SWITZERLAND – Nestlé, the Swiss transnational food and drink company has unveiled Milkybar Wowsomes, the first chocolate using Nestlé’s new structured sugar to reduce sugar by 30% versus comparable bars. According to the company, this new Milkybar Wowsomes achieves the sugar reduction using only natural ingredients and with no sweeteners, with milk as the No.…

Nestle opens a new US$6.95m quality assurance lab in Brazil

BRAZIL - Nestle SA, one of the largest food and beverage companies in the world has opened a new US$6.95 million quality assurance laboratory in Brazil as it strives to develop innovative products and recipes across its organic offering. Nestle indicated that the main purpose of the laboratory was to ensure that its organic range…

Nestle announces winners of its Nestlé’s 2018 Creating Shared Value Prize

SWITZERLAND – Nestle has announced its joint winners for its Nestlé’s 2018 Creating Shared Value Prize who won US$157,107 each for their outstanding work in nutrition and rural development. According to the company, 'Mumm' from Egypt and 'Fishers and Changemakers' from the Philippines, the two social entrepreneurs are the joint winners of Nestlé’s 2018 Creating…

Nestle Nigeria sustains growth , grows revenue 34% in 2017

NIGERIA - Nestle Nigeria Plc, said on Friday that revenue for the full year 2017 grew by 34% to ₦244bn ($674 million). In the previous year, the food and beverage giant posted ₦182bn in sales. Net profit in the period under review jumped 326% to ₦33.7bn ($91 million), thanks to a 46% rise in Operating…

Nestlé Canada invests US$51.5m for London Ice Cream Factory expansion

CANADA - Nestlé Canada has announced its plans towards the expansion plans of its London Ice Cream Factory worth US$51.5 million to increase production capabilities. According to the company, the factory which supplies all of Canada with brands like Hӓagen-Dazs, Parlour and Drumstick, has seen increased growth within the category, which has resulted in greater…

Nestle relaunches Nescafe Gold, enhancing consumers flavours and tastes

SWITZERLAND – Nestle, a transnational food and drink company has relaunched its Nescafe Gold blend, fit for consumers looking for a full flavoured, aromatic coffee. The new soluble blend includes micrograins of Arabica coffee ground 10 times finer than ordinary ground coffee, where the tiny grains enhance the hidden taste and aroma of the Gold…