Nespresso is investing CHF 160m ($170m USD) to expand its Romont production center in Switzerland: creating 300 jobs and a ‘sustainable by design’ facility.
The opening of a CHF 300m ($307m) Nespresso plant demonstrates Nestlé’s trust in the brand, said Nestlé CEO Paul Bulcke at the launch of the new plant in Romont, Switzerland, today.
Geneva, Hong Kong and Tel Aviv are the most expensive cities to buy beer in – while cities like Krakow, Kiev and Cape Town offer drinkers more for their money, according to a report from travel comparison site GoEuro.
Nestle has opened a new €220m factory in Germany to produce Dolce Gusto coffee capsules for this national market as a well as Scandinavia and Eastern Europe.
Swiss Val-de-Travers absinthe distillers have dropped their exclusive claim to ‘absinthe’ as a national Geographic Indication (GI) and will instead apply to protect the term ‘Absinthe Val-de-Travers’.
Specialty label and packaging supplier CCL Industries has signed a binding agreement to acquire Bandfix for CAD $18m and says the purchase will give it a foothold in Switzerland.
Nestlé has started construction of a new €220m facility in Germany for manufacturing its Nescafé Dolce Gusto coffee capsules – the company’s largest ever German investment.
Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.
Nestlé’s sales for the nine months to the end of September rose 7.3% to reach CHF60.89bn (€49.24bn), slightly short of expectations, but its positive European performance blindsided analysts.
Flavours and fragance house Givaudan, while posting third quarter results, said its decision to increase its prices will soften the impact of higher raw material input costs for products such as citrus and orange oil in 2011 and fully cover them in 2012.
The acrylamide-reducing enzyme Preventase has been granted approval
for use in Switzerland, marking a new step down the road towards
industry-wide adoption for biscuits and other baked goods.
Nestle will expand its dominance in the bottled water market
after today agreeing to the acquisition of a majority share in
Switzerland-based Sources Minérales Henniez.
Givaudan, the world's number one fragrance and flavour player, saw
sales in its flavour division slipping by 6.5 per cent for the
first quarter, impacted by a loss of products and a fall in prices,
writes Lindsey Partos.
Six months after putting its food and beverage business up for
sale, Swiss pharmaceutical company Novartis has found a buyer - the
UK's ABF group. The Ovaltine brand, jewel in the crown of the
acquisition, should benefit from...
