Nestlé Pakistan Limited (/ˈnɛsleɪ/ NESS-lay), a subsidiary of the Swiss multinational Nestlé, is a leading food and beverage company based in Lahore, Pakistan.[2] It produces and markets a diverse range of products, including dairy, confectionery, coffee, beverages, infant nutrition, and bottled drinking water.[3][4][5]
The company is publicly traded on the Pakistan Stock Exchange.[3]
History
Nestlé Pakistan was incorporated in 1979 as Milkpak Limited. It started producing packaged milk in 1981.[6]
In 1984, Milkpak acquired the Frost branded juice line from its parent company, Packages Limited.[6] Milkpak Ltd further expanded its products with the launch of Milkpak butter in 1985 and a line of packaged cream in 1986.[6]
In 1988, Nestlé acquired a controlling stake in Milkpak and subsequently it was renamed as Nestlé Milkpak Limited.[6]
During the 1990s, Nestlé allegedly repeated controversial infant formula marketing practices in Pakistan. This first emerged in developing countries during the 1977 Nestlé boycott.[7] 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.[8][9] Nestlé has denied Raza's allegations. This story inspired the 2014 acclaimed Indian film Tigers by the Oscar winning Bosnian director Danis Tanović.[9]
In 2015, Nestlé began delivering pasturized milk to local homes in Lahore as a pilot project.[10]
Products
Plants
Nestlé operates two multi-purpose processing plants in Sheikhupura[12] and in Kabirwala[12] as well as two water packaging facilities in Islamabad[13] and in Karachi.[13]
References
- ^ "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. Archived from the original on 23 May 2024. Retrieved 23 May 2024.
- ^ a b Nestle Pakistan Limited stock quote and company business summary on MarketScreener.com website Archived 26 April 2024 at the Wayback Machine Retrieved 22 December 2020
- ^ Only six milk brands fit for consumption in Pakistan Archived 16 October 2021 at the Wayback Machine Dawn, Published 31 January 2017, Retrieved 21 December 2020
- ^ "Nestle Pakistan Limited (company profile)". Business Recorder. 6 June 2017. Archived from the original on 10 August 2019. 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. Archived from the original on 9 May 2024. Retrieved 9 May 2024.
- ^ Writer, Catherine Porter Feature (4 October 2014). "Formula whistleblower battled Nestle for 17 years: Porter". Toronto Star. Archived from the original on 1 April 2024. Retrieved 1 April 2024.
- ^ "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. Archived from the original on 1 April 2024. Retrieved 1 April 2024.
- ^ a b Porecha, Maitri (20 December 2018). "'Behind the real face of 'Tigers' - Syed Aamir Raza". BusinessLine. Archived from the original on 1 April 2024. Retrieved 1 April 2024.
- ^ Mangi, Faseeh (27 February 2015). "Nestle Pakistan Sells Pasteurized Milk in $23 Billion Market". Bloomberg. Archived from the original on 23 May 2024. Retrieved 23 May 2024.
- ^ a b c "Nestle Pakistan Limited (NESTLE)". Business Recorder. 12 April 2016.
- ^ a b "Food products: NESTLE PAKISTAN LIMITED – Analysis of Financial Statements Financial Year 2003 – 3Q Financial Year 2010". Business Recorder. 21 January 2011. Archived from the original on 10 August 2019. Retrieved 22 December 2020.
- ^ a b "Nestlé Pakistan". Nestlé. Archived from the original on 12 June 2020. Retrieved 23 May 2020.
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