The global dairy product producer Nestlé launches a new R&D Accelerator in Konolfingen, Switzerland to drive innovation for dairy products and plant-based dairy alternatives.
- The new R&D Accelerator provides a world-class platform for start-ups, students and scientists to leverage Nestlé’s unique dairy and plant protein expertise to quickly bring products from ideation to commercialization.
- Nestlé R&D Konolfingen is an integral part of the Swiss innovation ecosystem. It is the company’s largest research and development center for dairy products and plant-based dairy alternatives.
The prominent investments and deals by Nestlé are featured below:
Aug 2020: The luxury coffee maker Nespresso an operating unit of Nestle Group has announced investment in the Democratic Republic of Congo’s coffee business. The Reviving Origins program aims to restore coffee production in regions where it is under threat, bringing back to life some of the rarest fine coffees.
July 2020: Nestlé announced that it partnered with the Ministry of Water and Forests of Côte d’Ivoire to protect and restore the Cavally forest reserve and enhance the resilience of local communities.
July 2020: Nestlé Groups operating unit Nespresso has announced an investment of $170 million to expand its Romont production center in Switzerland. The fresh funding helps to meet increasing consumer demand for its high-quality premium coffees.
May 2020: Nestlé announced donation of ventilators to Côte dIvoire in fight against COVID-19 pandemic. Ivorian Government has taken series of preventive measures to minimize the spread of the coronavirus. The donation included two ventilators, complementing the 18 ordered by the government in addition to the four already available in this West African country of 25 million inhabitants.
May 2020: The global food processing company Nestlé announced a series of investments totalling USD 103 million that will further strengthen its footprint in China and continue to enhance its product portfolio with innovative and premium products.
February 2020: The worlds leading food processing firm Nestlé announced that its subsidiary Nestlé Mexico plans to invest US$700 million in building a new coffee processing plant in Veracruz and modernising 16 sites in Mexico. The fresh investment will generate 400 direct and 4000 indirect jobs in the country.
Nestlé is the worlds largest, most diversified food and beverages company. Established over 150 years ago, Nestlé employs more than 300,000 worldwide. Nestlé is dedicated to advancing nutrition, health, and wellness in a way that is sustainable and responsible and the company is a leader in many of the fastest growing food and beverages categories including coffee, petcare, bottled water and infant formula. Nestlé has some of the world’s most recognisable brands, with household names like Nescafé, global icons like Perrier and local favourites like NaturNes and Milo.
Nestlés strengths include global reach, an attractive product portfolio, powerful brands, industry-leading R&D and talented workforce.
Nestlé has added substantial shareholder value with dividends increasing in each of the past 24 years and is on path of achieving mid single-digit organic growth by 2020.