Nestlé investing in Russia and “zero waste”

Nestlé investing in Russia and “zero waste”

Swiss food concern Nestlé has opened a brand new Russian factory and the company is aiming to have all its factories operate at a “zero waste” level by 2020. It will now have an “in-depth screening” of all activities.         

Eleventh Russian factory

Nestlé’s newest factory, a 60 million euro investment, has just opened in Viazniki, east of Moscow. It can produce 30,000 tons of Maggi products per year, manufacturing spices, sauces and instant soups.

 

It will be serving the local Russian market and export to the former Soviet states. This eleventh Russian Nestlé factory will employ 600 people.

 

"No more factory waste” by 2020

With 150 factories in Europe alone, Nestlé aims to have all of its European factories adhere to the “zero waste” policy by 2020. The announcement, coming from vice president Laurent Freixe who is also responsible for the European activities, was made at a sustainable foods congress at Brussels.

 

Nestlé already had 39 “zero waste” factories at the end of 2012. 25 of those were European, mostly in Great Britain and its home nation of Switzerland. “Zero waste” means that it no longer spills or burns factory waste without recuperating energy from it.

 

"Underperformers" will be sold

During the first 9 months of 2013, Nestlé had a turnover of some 55 billion euro, which is 4.4 % higher than the same period last year. For the full year, it estimates to have an organic growth of “about 5 %”.

 

Following the quarterly results, CEO Bulcke announced that Nestlé will be reviewing all of its activities: those that do not perform on a satisfactory level will be sold. “Optimizing our portfolio, containing 1,800 sectors, is not a novelty”, Bulcke stated. The review will however be done more thoroughly than in the past.

 

He refused to name names, but analysts believe energy bar producer PowerBar, dermatology specialist Galderma and Herta, known for its pastry and pizza’s, might be pushed aside.

Questions or comments? Please feel free to contact the editors


Hunkemöller wants to conquer Switzerland

17/08/2017

Dutch lingerie chain Hunkemöller already opened a Swiss web shop in September 2016 and will now open a chain of physical stores there as well. The first one will open its doors in October.

Shoe brand Bally put up for sale

16/08/2017

Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago.

Crocs loses patent battle

14/08/2017

Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.

Coolcat's losses compound

14/08/2017

Dutch fashion chain Coolcat, part of entrepreneur Roland Kahn’s group, has not managed to lower its losses in 2016. On the contrary: its losses grew more than 50 % compared to the year before.

Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Back to top