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…

Nestle to release new ‘Smarties’ in Germany in preparation for World Cup

GERMANY - Nestle is set to release three new limited-edition of Smarties products in Germany as it looks to take advantage of the World Cup which is to happen in the approaching summer. The Smarties include a new range of signature chocolate chips, coloured red, yellow and black – the colour of the German national…

Nestlé announces re-organization of its global information technology activities

SWITZERLAND - Nestlé has announced plans to re-organize parts of its IT activities to benefit from its existing technology hub in Spain and other Nestlé locations, after a thorough review of its global information technology (IT) setup. According to the company, it intends to accelerate its digital transformation and to respond more quickly to fast-paced technological changes…

Nestlé announces plans to merge two scientific discovery units into one in Switzerland

SWITZERLAND - Nestlé, the global food and beverages company, has announced plans to bring together its two scientific discovery units, the Nestle Institute of Health Sciences and Nestle Research Center to build one organization, Nestle Research to strengthen its research and development operations. According to the company, Nestlé Research will be based in Lausanne, Switzerland…

Nestlé Waters announces a US$25 million modernisation of Henniez bottling site

SWITZERLAND - Nestlé Waters has announced a US$25 million modernisation of its bottling site at Henniez, Switzerland as the bottled water is a high-growth category for Nestlé. Production at Henniez will become more flexible and innovative in order to meet current and future consumer trends. The project will see two older mineral water glass bottling…

Firmenich expands presence in US West Coast to improve customer experience

SWITZERLAND - Firmenich has expanded its footprint in California, United States to offer its customers tailored taste and nutrition solutions, including a unique range of organic offerings. Building on the Group’s longstanding manufacturing presence in California, Firmenich now offers enhanced creation and innovation capabilities with new product development services to customers on the West Coast…

Buhler introduces Vertical Pearler for ‘purer’ semolina in grain milling

SWITZERLAND - Buhler Group, Uzwil-based technology company for plant and equipment, has introduced the Vertical Pearler Osiris MTPA, an equipment with an innovative and sturdy design used in pearling to produce purer and almost speck-free semolina, reported World Grain. According to Buhler, the Osiris MTPA, to be used in pearling the outermost hull layers from…

Tetra Pak to develop paper straws for its portion-size carton packages​

SWITZERLAND - Tetra Pak aims to launch a paper straw that is suitable for its portion-sized carton packages before the end of the year, as part of a broader programme to help address the issue of plastic straw waste. Straws play an integral functional role on portion packages, but if not disposed of properly, they…

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…

COFCO names new COO and 5 new oilseed grain heads

SWITZERLAND- COFCO, the Chinese-owned agricultural firm has promoted Selina Yang as its new chief operating officer (COO), at the same time named 5 new heads for grains and oilseeds. In the newly created role, Yang will report to the CIL’s CEO, Johnny Chi with the mandate to promote coordination between the group’s global product lines…