Nestlé announced yesterday that it will invest CHF 40 million (A$44.6 million) in the Democratic Republic of the Congo, also known as the DRC, over the next three years. The Democratic Republic of the Congo remains one of the world’s most unstable nations. The mineral-rich country was the centre of Africa’s ‘world war’ between 1998 and 2003, a conflict which killed an estimated 3 million people through conflict, disease and malnutrition. The DRC’s eastern states continue... ...Read more »

Nestlé has reaffirmed its commitment to one of its key growth drivers Popularly Positioned Products (PPPs), by announcing that the Company expects to generate global sales of CHF 20 billion over the coming years.PPPs meet the specific needs of around 3 billion consumers with lower income levels, many of whom are entering into the cash economy and buying branded goods for the first time. As such, PPPs are adapted in terms of nutritional composition, price, accessibility and format to meet their specific... ...Read more »

Simplot Australia has now taken over the frozen meals brands of Nestlé after reaching an agreement a couple of months ago. The Melbourne-based subsidiary of US firm J R Simplot took control of the licence of prominent frozen meals brand Lean Cuisine and Maggi frozen brand at the end of November. The deal also involves the acquisition of the Papa Giuseppi frozen pizza brand and the manufacturing facility at Pakenham in Victoria. The Pakenham factory will become the cornerstone manufacturing facility... ...Read more »

Simplot Australia has purchased the licence to manufacture the Lean Cuisine, Maggi and Papa Giuseppe brands from food giant Nestlé. The move will see Simplot takeover the operation of the Pakenham factory and re-badge it as the Gippsland Food Company. Under the licensing agreement Simplot Australia will acquire the right to manufacture, market and sell the frozen meal brands of Lean Cuisine, Maggi and Papa Giuseppe throughout Australia and New Zealand. Simplot Australia Managing Director Terry O’Brien... ...Read more »