Nestlé Lanka

Nestlé Lanka (previously known as Nestlé Ceylon Company) is a Sri Lanka-based foods company located in Colombo, Sri Lanka. Nestlé Lanka is a subsidiary of Nestlé, a Switzerland based company. Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee and tea. The company was founded by Anglo-Swiss Condensed Milk Company in 1906 and incorporated under Nestlé Ceylon Company. Nestlé Lanka is Sri Lanka largest foods company by revenue, with Rs 36.355 billion in 2019. The whole company is controlled by the Nestlé Switzerland parent company. Nestlé S.A. owns over 90 per cent total shares. Nestlé Lanka PLC became the seventh most valuable brand in Sri Lanka worth approximately Rs 21 billion in 2017.[3]

Nestlé Lanka
FormerlyNestlé Ceylon Company (1906-1980)
TypePublic
CSE: NEST.N0000
IndustryFood processing
Founded1906 (1906) in Colombo
FounderAnglo-Swiss Condensed Milk Company
Headquarters189, T. B. Jayah Mawatha, Colombo 10[1],
Sri Lanka
Number of locations
45 (2020)
Area served
Worldwide
Key people
Suresh Narayanan (Chairman)
Fabrice Cavallin (Managing Director)
ProductsBaby food, coffee, dairy products, breakfast cereals, confectionery, bottled water, ice cream, pet foods
RevenueDecrease Rs 36.355 billion (2019)[2]
Decrease Rs 4.088 billion (2019)[2]
Decrease Rs 2.565 billion (2019)[2]
Total assetsDecrease Rs 16.870 billion (2019)[2]
Total equityDecrease Rs 5.509 billion (2019)[2]
Number of employees
Increase 2,600 (2019)[2]
ParentNestlé
Websitewww.nestle.lk

Nestlé Lanka was listed on the Colombo Stock Exchange in 1981. The company has 1,200 employees and 23,000 distributors, suppliers and farmers. The company was renamed in 1980 as Nestlé Lanka PLC before listing Stock Exchange.[4]

History

Nestlé Lanka was established in 1906 as Nestlé Ceylon Company one year after merged Anglo-Swiss Condensed Milk Company in British Ceylon. The company was incorporated under Nestlé Ceylon Company to Nestlé Lanka PLC 1980. Sri Lanka has been an agricultural based country. British Empire helped boost agricultural production. The British government first cocoa plant introduce to Ceylon in early 1890. Early 20th-century raw cocoa exported Switzerland. Chocolate became popular government want to start the local chocolate market, in between this time Anglo-Swiss Condensed Milk Company established a branch in Sri Lanka early 1906.[5] Sri Lankan history Nestlé become most successful food company. Company brought numerous international brand such as Milo, Nescafé, Cerelac, KitKat and Maggi. Company-sponsored by local sports events and school sports tournaments.[6] Nestlé Lanka PLC won numerous awards and become a number one company past hundred years.[7] Post COVID-19 period Nestlé stock price drop 50% than previous year.[8] Nestlé export most of their product such as Maggi Coconut Milk Nestomalt and Milo.[9]

Brands and products

Nestlé Lanka is the market leader in Sri Lanka foods products with a presence in over 20 food categories such as tea, milk, chocolate, cereal and fast food amongst others with over 20 million local customers consumption.

Manufactured brands[10]
Brand name Product type
Cerelac Baby food
Nangrow
Lactogrow
Nestlé Pure Life Bottled water
Nesquik Cereal Cereals
KitKat Chocolate
Milkybar
Nescafé Coffee
Nescafé 3 in 1
Nescafé Classic
Nescafé Gold
Buitoni Frozen food
Maggi Culinary
Nido Dairy
Carnation
Nespray milk
Nestlé a+
Milkmaid
Nestomalt Energy food
Milo Drinks
Nestea
Nesquik
Nespray
Nestlé Professional
Maggi Food service
Resource Healthcare nutrition
Nestlé Ice Cream Ice cream
Häagen-Dazs
Dog Chow Pet food
Cat Chow

See also

References
  1. "Media contacts". Nestlé. Retrieved 2021-04-16.
  2. "Nestle Sri Lanka PLC Annual Report 2019" (PDF). Nestle Sri Lanka PLC. 9 June 2020. Archived from the original on 16 April 2021. Retrieved 9 June 2020.
  3. "Sri Lanka's most valuable and strongest brands in 2018" (PDF). Brand Finance. April 2018.{{cite web}}: CS1 maint: url-status (link)
  4. "Nestlé in Sri Lanka". Nestlé. Retrieved 2021-04-16.
  5. "Nestlé Lanka PLC Annual Report 2016" (PDF). Nestlé. May 2016.{{cite web}}: CS1 maint: url-status (link)
  6. "Milo Schools President's Trophy Knockout | The Sunday Times Sri Lanka". Retrieved 2021-04-16.
  7. "Nestlé ranked No.1". bizenglish.adaderana.lk. Retrieved 2021-04-16.{{cite web}}: CS1 maint: url-status (link)
  8. "Sri Lanka stocks end 1.14-pct higher". EconomyNext. 2021-04-15. Retrieved 2021-04-16.
  9. Nadeera, Dilshan. "Nestle products become further price competitive in international markets". Retrieved 2021-04-16.
  10. "Good food, Good life". Nestlé. Retrieved 2021-04-16.
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