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.
 | |
| Company type | Public |
|---|---|
| PSX: NESTLE KSE 100 component | |
| 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) (2023) |
| Rs. 29.04 billion (US$100 million) (2023) | |
| 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 |
| Footnotes / references Financials as of 31 December 2023[update] [2] | |
Nestlé trades on the Pakistan Stock Exchange.[4]
History
editMilkpak 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
editPlants
editThe 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.
- ^ "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.