Nestlé Pakistan

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Nestlé Pakistan
Company typePublic
PSX: NESTLE
IndustryDairy
Founded1988; 36 years ago (1988)[1]
HeadquartersPackages Mall, Shahrah-e-Roomi, Lahore-54760 Pakistan
Key people
ProductsMilk, milk-based products, cereals, beverages and bottled drinking water
RevenueIncrease Rs. 200.60 billion (US$690 million)[2] (2023)
Increase Rs. 29.04 billion (US$100 million)[2] (2023)
Increase Rs. 16.49 billion (US$57 million)[2] (2023)
Total assetsIncrease Rs. 97.89 billion (US$340 million)[2] (2023)
Total equityIncrease Rs. 10.58 billion (US$37 million)[2] (2023)
OwnerNestlé S.A. (61.60%)
IGI Investments (9.75%)
Packages Limited (8.05%)
Number of employees
3,624[2] (2023)
ParentNestlé
Websitenestle.pk

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[edit]

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[edit]

  • 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[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]

  1. ^ 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.
  2. ^ a b c d e f "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.
  4. ^ a b c d e Nestle Pakistan Limited stock quote and company business summary on MarketScreener.com website Retrieved 22 December 2020
  5. ^ Only six milk brands fit for consumption in Pakistan Dawn (newspaper), Published 31 January 2017, Retrieved 21 December 2020
  6. ^ a b c d "Nestle Pakistan Limited (company profile)". Business Recorder. 6 June 2017. Retrieved 22 December 2020.
  7. ^ a b c d 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.
  10. ^ a b 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.
  12. ^ a b "Nestlé Pakistan". Nestlé.
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