Nestlé Pakistan
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[edit]
Milkpak Ltd was incorporated in 1979 and started producing packaged milk in 1981.[6] In 1984, the company acquired the Frost branded juice line from its parent company, Packages Limited.[6] Milkpak Ltd further expanded its products with the launch of Milkpak butter in 1985 and a line of packaged cream in 1986.[6]
In 1988, Nestlé, a Swiss multinational food company, acquired a controlling stake in Milkpak Ltd, resulting in the company's rebranding as Nestlé Milkpak Ltd.[6]
During the 1990s, Nestlé allegedly repeated controversial infant formula marketing practices in Pakistan. This first emerged in developing countries during the 1977 Nestlé boycott.[7] 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.[8][9] Nestlé has denied Raza's allegations. This story inspired the 2014 acclaimed Indian film Tigers by the Oscar winning Bosnian director Danis Tanović.[9]
Products[edit]
- Milk, milk-based products and cereals[5][3]
- Beverages, juices and bottled drinking water[5][3]
- Baby food, tea, coffee and confectionery[5][3]
Plants[edit]
The company operates two multi-purpose processing plants in the following cities:
The company also operates two water factories in the following cities:
References[edit]
- ^ a b c "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
- ^ 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.
- ^ a b c d Pervaiz, Shoaib; Tirmizi, Farooq (14 January 2019). "The next phase of the milk wars". Profit by Pakistan Today.
- ^ 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.
- Nestlé
- Dairy products companies of Pakistan
- Manufacturing companies based in Lahore
- Companies listed on the Pakistan Stock Exchange
- Companies in the KSE 100 Index
- Pakistani subsidiaries of foreign companies
- Food and drink companies established in 1979
- Pakistani companies established in 1979
- 1988 mergers and acquisitions
- Mergers and acquisitions of Pakistani companies