Nestec S.A. offers commercial research and consulting services to Nestlé S.A. and its subsidiaries. The company also provides scientific research and technological development services. The company is based in Vevey, Switzerland. Nestec S.A. operates as a subsidiary of Nestlé S.A.
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Fraser & Neave Holdings Bhd Announces Renewal of Licensing Agreements with Société Des Produits Nestlé S.A. and Nestec S.A
Jan 23 15
Fraser & Neave Holdings Bhd has signed several agreements with Société Des Produits Nestlé S.A. and Nestec S. A to manufacture and distribute Carnation, Bear Brand, Bear Brand Gold, Ideal Milk and Milkmaid in ASEAN, including Singapore, Thailand, Malaysia and Brunei. The licenses are for a period of 11 years 7 months, with a right to extend for a term of 10 years until 31 January 2037. These agreements extend the term of the Group's existing licenses granted by Nestlé on 1 February, 2007 when the Group acquired Nestlé's canned liquid milk, UHT and chilled dairy and juice business in Thailand, and the Tea Pot brand. The agreements shall take effect 1 July, 2015. The new arrangements include the right to the manufacture, promote, sell and distribute Carnation in Thailand, Laos and Cambodia; and Carnation evaporated creamer, Ideal evaporated milk, Milkmaid sweetened condensed milk and sweetened beverage creamer for Malaysia, Brunei and Singapore. The Group will continue to manufacture and distribute Bear Brand sterilised milk and Bear Brand Gold for Thailand and Laos. To cater to the growing market demand, the Group continued to invest in Malaysia and Thailand. In 2015, the Group plans to invest THB 300 million (SGD 12 million) on a new filling and packaging line at its manufacturing plant in Rojana, Thailand, to undertake manufacture of Carnation evaporated milk. This puts total investment, since 2007, in Malaysia and Thailand, at close to RMB 1 billion (SGD 372 million).