nestle sa-spons adr (NSRGY) Key Developments
F&N Renews Asean Licences for Nestle Liquid Milk Brands
Jan 24 15
Fraser & Neave Holdings Bhd (F&N) and its dairy units have renewed licences for Societe des Produits Nestle S.A. and Nestec S.A. (Nestle) liquid milk brands granted in 2007. F&N said consequently, it would continue to manufacture and distribute Carnation, Bear Brand, Bear Brand Gold, Ideal Milk and Milkmaid in Singapore, Thailand, Malaysia, Brunei and Laos, until 2037. F&N said under the new arrangements, it would continue to manufacture, promote, sell and distribute Carnation in Thailand, Laos and Cambodia. It would also continue to manufacture and distribute Bear Brand Sterilised Milk and Bear Brand Gold for Thailand and Laos. F&N said the Milo UHT and Bear Brand UHT for Thailand and the Indochina markets would return to Nestle in a strategic realignment that would enable the company to strengthen its regional strategy in this category.
Nestle Plans to Invest USD 137.93 million in Egypt
Jan 20 15
Nestle announced that it is planning to invest about USD 137.93 million in Egypt in the next few years. Nestle said that these new investments will be targeted at manufacturing, new products and the nutrition and health industries, especially since food is seen as a fast-growing sector in Egypt, the most populous Arab nation with 90 million people. These investments in the Egyptian market by Nestle follow several food and beverage retailers such as Coca-Cola Co, PepsiCo and Saudi Arabia's Almarai, which also announced investments worth hundreds of millions of dollars in Egypt.
Ethical Coffee Company Files Patent Suit Against Nestle for Patent Infringement
Jan 19 15
Ethical Coffee Company had lodged a complaint in a Paris court against Nestle for patent infringement with its Nespresso coffee machines. Ethical, which makes coffee capsules that can be used in Nespresso machines announced that it had suffered losses of at least EUR 150 million ($174 million) since 2010 as a result of the move. Nestle is accused by ECC of modifying the Nespresso machines to keep competitors' capsules out of them with a "harpoon" device in its new Pixie range which jams the capsules. The company added that a decision by the Paris court would only apply to the ECC patent violation in France, but it could launch similar legal action in other countries. Nespresso in an email to AFP denied any patent infringement and said it would fight the case in court. In June last year, ECC won a legal suit against Nespresso in France when a Paris trade tribunal ruled against the giant in an unfair competition suit filed in 2012. It ordered Nespresso to pay EUR 500,000 to ECC and EUR 40,000 more to cover legal fees.
Nestle SA to Open Nescafe Dolce Gusto in Southeast Brazil
Jan 13 15
Nestle SA has announced that it will open a Nescafe Dolce Gusto, or NDG, factory in Southeast Brazil in 2015. It will be the first production facility for NDG capsules outside of Europe and underscores Nestle's confidence in rising coffee demand in the country and across Latin America. The company is investing CHF 72 million (BRL 200 million) in the factory, which will be located in Montes Clares in the Minas Gerais state. The new operation will generate 90 jobs initially and a further 1,000 indirect jobs via its supply chain.
Nestle Plans to Open 10 Skincare Research Centres Worldwide
Dec 12 14
Nestle announced that the company plans to open 10 skincare research centres worldwide, deepening its investment in a faster-growing market for healthcare products. The company is also spending about USD 350 million on dermatology research and development in 2014. The first of the new research hubs, dubbed Nestle Skin Health Investigation, Education and Longevity Development centres, will open in mid-2015 in New York, followed by Hong Kong and Sao Paulo, and later others in North America, Asia and Europe.