Nestlé Pakistan

Nestlé Pakistan
Company type	Public
Traded as	PSX: NESTLE
Industry	Dairy
Founded	1988; 36 years ago
Headquarters	Packages Mall, Shahrah-e-Roomi, Lahore-54760 Pakistan
Key people	Joselito Jr Avanceña (CEO); Syed Yawar Ali (chairman);
Products	Milk, milk-based products, cereals, beverages and bottled drinking water
Revenue	Rs. 200.60 billion (US$690 million) (2023)
Operating income	Rs. 29.04 billion (US$100 million) (2023)
Net income	Rs. 16.49 billion (US$57 million) (2023)
Total assets	Rs. 97.89 billion (US$340 million) (2023)
Total equity	Rs. 10.58 billion (US$37 million) (2023)
Owner	Nestlé S.A. (61.60%) ; IGI Investments (9.75%) ; Packages Limited (8.05%)
Number of employees	3,624 (2023)
Parent	Nestlé
Website	nestle.pk
	Footnotes / references; Financials As of 31 December 2023

Nestlé Pakistan Limited (Urdu: نیسلے پاکستان) is a Pakistani food company which is a subsidiary of Swiss multinational company Nestlé.^[3] It is active in dairy, confectionery, coffee, beverages, infant nutrition and bottled drinking water areas.^[4]^[5]^[6] It is based in Lahore, Pakistan.

Nestlé trades on the Pakistan Stock Exchange.^[4]

History

Milkpak Ltd was incorporated in 1979 and started producing packaged milk in 1981.^[7] In 1984, the company acquired the Frost branded juice line from its parent company, Packages Limited.^[7] Milkpak Ltd further expanded its products with the launch of Milkpak butter in 1985 and a line of packaged cream in 1986.^[7]

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.^[7]

During the 1990s, Nestlé allegedly repeated controversial infant formula marketing practices in Pakistan. This first emerged in developing countries during the 1977 Nestlé boycott.^[8] 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.^[9]^[10] Nestlé has denied Raza's allegations. This story inspired the 2014 acclaimed Indian film Tigers by the Oscar winning Bosnian director Danis Tanović.^[10]

In 2015, Nestlé began delivering pasturized milk to local homes in Lahore as a pilot project.^[11]

Products

Milk, milk-based products and cereals^[6]^[4]
Beverages, juices and bottled drinking water^[6]^[4]
Baby food, tea, coffee and confectionery^[6]^[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 "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.
^ "Nestle Pakistan Annual Report 2023" (PDF). nestle.pk. Retrieved 27 March 2024.
^ Anwar, Haris (11 August 2011). "Nestle Pakistan to Fend Off Engro by Doubling Dairy Output". Bloomberg.
^ ^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.
^ Mangi, Faseeh (27 February 2015). "Nestle Pakistan Sells Pasteurized Milk in $23 Billion Market". Bloomberg.
^ ^a ^b "Nestlé Pakistan". Nestlé.

Zdroj:https://en.wikipedia.org?pojem=Nestlé_Pakistan
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[auto-1] "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.

[AR2023-2] "Nestle Pakistan Annual Report 2023" (PDF). nestle.pk. Retrieved 27 March 2024.

[3] Anwar, Haris (11 August 2011). "Nestle Pakistan to Fend Off Engro by Doubling Dairy Output". Bloomberg.

[MS-4] Nestle Pakistan Limited stock quote and company business summary on MarketScreener.com website Retrieved 22 December 2020

[Dawn-5] Only six milk brands fit for consumption in Pakistan Dawn (newspaper), Published 31 January 2017, Retrieved 21 December 2020

[BR-6] "Nestle Pakistan Limited (company profile)". Business Recorder. 6 June 2017. Retrieved 22 December 2020.

[auto3-7] Pervaiz, Shoaib; Tirmizi, Farooq (14 January 2019). "The next phase of the milk wars". Profit by Pakistan Today.

[8] Writer, Catherine Porter Feature (4 October 2014). "Formula whistleblower battled Nestle for 17 years: Porter". Toronto Star.

[9] "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.

[auto1-10] Porecha, Maitri (20 December 2018). "'Behind the real face of 'Tigers' - Syed Aamir Raza". BusinessLine.

[11] Mangi, Faseeh (27 February 2015). "Nestle Pakistan Sells Pasteurized Milk in $23 Billion Market". Bloomberg.

[auto2-12] "Nestlé Pakistan". Nestlé.

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