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Tag "Paul Bulcke"

Nestle Maintains Momentum During First Half

    Nestle Maintains Momentum During First Half

Reflecting growth across all its global regions, Nestle has reported a 7.5% increase in group sales to SFr44.1 billion (Eur36.7 billion) with net profit up 8.9% to SFr4.7 billion for the first half of 2012. Organic sales growth was 6.6%, composed of real internal growth of 2.9% and pricing of 3.7%. Acquisitions, net of divestitures, contributed […]

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Nestle Accelerates Growth in South Africa

    Nestle Accelerates Growth in South Africa

Nestle has inaugurated two new production sites in South Africa as part of its continued commitment to accelerating the growth of its business in the region. They will enable the company to manufacture Milo and Cheerios breakfast cereals and Maggi noodles for the first time in South Africa, sourcing the majority of ingredients and packaging […]

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Nestle to Acquire Pfizer Nutrition For $11.85 Billion

    Nestle to Acquire Pfizer Nutrition For $11.85 Billion

In a strategic move to enhance its position in global infant nutrition, Nestle has agreed to acquire Pfizer Nutrition for $11.85 billion (Eur9.01 billion). Nestle estimates Pfizer Nutrition’s 2012 sales at $2.4 billion, with 85% generated in emerging markets, many of them with large, fast-growing populations. The acquisition is subject to regulatory approval.
Infant nutrition is […]

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Nestle Grows in Both Developed and Emerging Markets

    Nestle Grows in Both Developed and Emerging Markets

Reflecting growth in both emerging markets and developed markets, Nestle increased net profit by 8.1% on a continuing basis to SFr9.5 billion (Eur7.8 billion) for 2011 on sales of SFr83.6 billion exhibiting organic growth of 7.5% and 3.9% real internal growth. Trading operating profit was SFr12.5 billion and the margin advanced 60 basis points (90 […]

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Tackling the Global Food Crisis

    Tackling the Global Food Crisis

Private sector companies have an important role to play in addressing the global food crisis, according to Nestlé chief executive Paul Bulcke. In a speech at the ‘Feeding the World’ Economist Conference in Geneva, Switzerland, Paul Bulcke said that the increasing world population, food waste, worldwide water shortages and the issue of using food for […]

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Nestle Expands Russian Coffee Factory

    Nestle Expands Russian Coffee Factory

Nestle has completed a SFr240 million (Eur195 million) expansion of its soluble coffee factory in Timashevsk, Russia. Located in the Krasnodar region, the site is Nestle’s largest soluble coffee factory in Europe. It is also the company’s biggest investment project in Russia so far.
 
The factory uses advanced freeze-dry technology to make Nescafe coffee products for […]

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Nestle to Increase Production in Thailand

    Nestle to Increase Production in Thailand

Nestle will invest more than SFr98 million (Eur83 million) in Thailand to increase manufacturing of its products including coffee and ice cream. The two year investment will support the expansion of the company’s existing factories in Thailand, as well as the construction of a new Nestle Quality Assurance Centre.
 
The plans aim to meet the growing […]

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Solid First Half From Nestle

    Solid First Half From Nestle

Nestle has produced a solid financial performance in the first half and is predicting organic sales growth at the top end of the 5% to 6% range and a margin increase in constant currencies for the full year. The global food and beverage group reported interim sales of SFr41.0b (Eur38b) as it achieved 7.5% organic […]

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Solid Sales Growth and Bumper Profit at Nestle

    Solid Sales Growth and Bumper Profit at Nestle

Reporting growth across all regions and categories, Nestle achieved a 6.2% organic growth in 2010 group sales to SFr109.7b (Eur84.9b) with real internal growth of 4.6% and tripled net profits to SFr34.2b, reflecting the disposal of its Alcon shareholding. However, excluding the exceptional net profit of SFr24.5b from the Alcon disposal, 2010 group net profit […]

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Nestle Opens New $136 Million Factory in Dubai

    Nestle Opens New $136 Million Factory in Dubai

Nestle has reaffirmed its commitment to the Middle East by opening a new $136m manufacturing facility in Dubai to serve the Swiss food giant’s markets across the region. The 515,000 square foot facility, which currently employs 555 people, specialises in the manufacturing, canning and packaging of different Nestle brands including Nido powder milk, Kit Kat […]

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Nestle On Track to Meet Full Year Expectations

    Nestle On Track to Meet Full Year Expectations

Nestle remains on track to deliver on its earlier forecast of full-year organic growth of around 5% combined with an EBIT margin increase in constant currencies in its food and beverages business. The Swiss company has reported group sales of SFr 82.8b, consisting of 6.1% organic growth, including 4.5% real internal growth, for the first […]

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Nestle to Target New Opportunity in Personalised Health Science Nutrition

    Nestle to Target New Opportunity in Personalised Health Science Nutrition

Nestle is creating Nestle Health Science and the Nestle Institute of Health Sciences to pioneer a new industry between food and pharma. These two separate organisations will allow Nestle to develop the innovative area of personalised health science nutrition to prevent and treat health conditions such as diabetes, obesity, cardiovascular disease and Alzheimer’s disease, which […]

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Nestle Completes Disposal of Alcon

    Nestle Completes Disposal of Alcon

Nestle has completed the sale of its remaining 52% stake in Alcon, the global eye care business, to Novartis for $28.3b.
Nestle acquired Alcon in 1977 for $280m. Over the years, Nestle supported Alcon’s R&D drive and international expansion, enabling the company to build a significant global leadership position in ophthalmology.
Paul Bulcke, chief executive of Nestle.
Taking […]

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Strong First Half From Nestle

    Strong First Half From Nestle

Benefiting from deeper penetration in emerging markets of the world, the continued success of its premium products in both developing and developed markets and extra marketing investment, Nestle has increased net profit by 7.5% to SFr5.5b (Eur4.0b) on group sales up by 5.9% to SFr55.3b for the first half of 2010. Organic sales growth was […]

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Nestle Enters Clinical Nutrition Products Market

    Nestle Enters Clinical Nutrition Products Market

Nestle has completed the acquisition of Vitaflo, a Liverpool-based global provider of clinical nutritional products which has enjoyed double-digit growth in the order of 30% over the last three years. This strategic transaction allows Nestle to enter the fast-growing global market for clinical nutrition products tailor-made for people with inherited metabolic disorders. This sector is […]

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Nestle Chief Backs Move for Harsher Climate Change Targets

    Nestle Chief Backs Move for Harsher Climate Change Targets

Paul Bulcke, chief executive of Nestle, supports the move to drive the European Union to toughen greenhouse gas emissions reduction targets. In a signed letter together with 26 business leaders from companies across Europe – published by The Financial Times, Le Monde and Frankfurter Allgemeine Zeitung – EU ministers are urged to push for increased […]

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Nestle Investing SFr150m in Emerging African Markets

    Nestle Investing SFr150m in Emerging African Markets

In line with its strategy of expanding in emerging regions of the world, Nestle will invest SFr150m (Eur110m) in the Equatorial African Region (EAR) over the next three years by building new factories in Angola, the Democratic Republic of Congo (DRC) and Mozambique, while also expanding existing factories. The world’s largest food group will also […]

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