 | |
| Company type | Public |
|---|---|
| PSX: NESTLE | |
| Industry | Dairy |
| Founded | 1988[1] |
| Headquarters | Packages Mall, Shahrah-e-Roomi, Lahore-54760 Pakistan |
Key people | |
| Products | Milk, milk-based products, cereals, beverages and bottled drinking water |
| Revenue |  Rs. 200.60 billion (US$690 million)[2] (2023) |
| Rs. 29.04 billion (US$100 million)[2] (2023) | |
| Rs. 16.49 billion (US$57 million)[2] (2023) | |
| Total assets | Rs. 97.89 billion (US$340 million)[2] (2023) |
| Total equity | Rs. 10.58 billion (US$37 million)[2] (2023) |
Number of employees | 3,624[2] (2023) |
| Parent | Nestlé |
| Website | www |
Nestlé Pakistan Limited (نیسلے پاکستان) is a Pakistani food company which is a subsidiary of Swiss multinational company Nestlé. It is active in dairy, confectionery, coffee, beverages, infant nutrition and bottled drinking water areas.[3][4][5] It is based in Lahore, Pakistan.
Nestlé trades on the Pakistan Stock Exchange.[3]
History
The company was founded in 1988 by Nestlé in a joint venture with Milkpak.[1] Then in 1992, Nestlé acquired Milkpak brand from its former owner Packages Limited.[1]
The company allegedly repeated controversial infant formula marketing practices in Pakistan during the 1990s. This first emerged in developing countries during the 1977 Nestlé boycott.[6] A Pakistani salesman named Syed Aamir Raza Hussain became a whistle-blower against Nestlé. In 1999, two years after he left Nestlé, Hussain released a report in association with the non-profit organisation, International Baby Food Action Network, in which he alleged that Nestlé was encouraging doctors to push its infant formula products over breastfeeding.[7][8] Nestlé has denied Raza's allegations. This story inspired the 2014 acclaimed Indian film Tigers by the Oscar winning Bosnian director Danis Tanović.[8]
Products
- Milk, milk-based products and cereals[5][3]
- Beverages, juices and bottled drinking water[5][3]
- Baby food, tea, coffee and confectionery[5][3]
Safe for consumption milk
Pakistan Council of Scientific and Industrial Research (PCSIR) conducted tests on 16 brands of packaged milk and found that only six brands were safe for consumption. It was stated by the PCSIR representative in the National Assembly of Pakistan in January 2017. All the tested milk brands had been given Ultra High Temperature (UHT) and pasteurisation treatment before the PCSIR testing.[4]
Safe for consumption milk brands were Olper's, Nestlé, Milk Pak, Day Fresh, Good Milk, and Nurpur Original. 10 brands of pasteurised milk were also tested, and only Prema Milk was found safe for consumption in 2017.[4]
Plants
The company operates two multi-purpose processing plants in the following cities:
The company also operates two water factories in the following cities:
References
- ^ a b c d e "Food products: NESTLE PAKISTAN LIMITED – Analysis of Financial Statements Financial Year 2003 – 3Q Financial Year 2010". Business Recorder. 21 January 2011. Retrieved 22 December 2020.
- ^ a b c d e f "Nestle Pakistan Annual Report 2023" (PDF). nestle.pk. Retrieved 27 March 2024.
- ^ a b c d e Nestle Pakistan Limited stock quote and company business summary on MarketScreener.com website Retrieved 22 December 2020
- ^ a b c Only six milk brands fit for consumption in Pakistan Dawn (newspaper), Published 31 January 2017, Retrieved 21 December 2020
- ^ a b c d "Nestle Pakistan Limited (company profile)". Business Recorder. 6 June 2017. Retrieved 22 December 2020.
- ^ Writer, Catherine Porter Feature (4 October 2014). "Formula whistleblower battled Nestle for 17 years: Porter". Toronto Star.
- ^ "Real Story of Tigers Movie: All you need to know about Nestle Baby Food Scandal around Lastavita in Pakistan & how Syed Amir Raza Hussain took on Nestle". GQ India. 21 November 2018.
- ^ a b Porecha, Maitri (20 December 2018). "'Behind the real face of 'Tigers' - Syed Aamir Raza". BusinessLine.
- ^ a b "Nestlé Pakistan". Nestlé.
| Divisions |
|  | ||||
|---|---|---|---|---|---|---|
| Subsidiaries |
| |||||
| Joint ventures | ||||||
| Other assets |
| |||||
| Brands | ||||||
| People | ||||||
| Related | ||||||
| Related articles | ||||||
| ||||||
 | This Pakistani corporation or company article is a stub. You can help Wikipedia by expanding it. |
This page was last edited on 3 April 2024, at 22:50