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SWITZERLAND – Nestlé’s Cereal Partners Worldwide (CPW) has released its net zero roadmap which reveals its aim to halve greenhouse gas emissions by 2030 and reach net zero by 2050, according to Food Business News. According to CPW, the roadmap comes from an external consulting firm called Quantis in 2018, which took note of the total emissions across CPW. The audit…
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INDIA- Maggi noodles manufacturer, Nestlé, is exploring locations for its tenth factory in India and is considering the east, where the food giant has no representation by a factory in the country. India is Nestlé’s second-largest market in Asia by sales, and the company is working on expanding its footprint further in the country, establishing itself in all of India’s…
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SWITZERLAND- Nestle recently released its quarter one 2023 financial results, with Purina PetCare emerging as the largest contributor to its organic growth, owing to good momentum for science-based and premium brands Purina ONE, Purina Pro Plan, and Friskies. According to the results released on 25th April, Purina PetCare sales reached US$5,267 million in the first quarter, compared to US$4,629 million…
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BRAZIL- The owner of the Purina pet food brand, Nestle, has denied recent unsubstantiated claims that it tabled 1.7bn reais (US$330.1m) for the purchase of Brazillian BRF pet-food assets. A month ago, on February 28, 2023, BRF said in a stock-exchange announcement that it had hired Banco Santander as a financial advisor and was in early-stage discussions with would-be buyers…
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RUSSIA – Cargill will take a further step back in elevating Russian grain in the new export season starting in July. “As grain export-related challenges continue to mount, Cargill will stop elevating Russian grain for export in July 2023 after the completion of the 2022-2023 season,” Cargill said. Cargill had already stopped new investments in Russia, operating only essential food…
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SWITZERLAND- Nestlé shared its plans to further growth for its Purina Petcare division though the company is doubtful of the profitability of the human-grade pet food industry. The swiss multinational company shared these plans during its presentation at the Consumer Analyst Group of New York (CAGNY) Conference on 24th February 2023. The Purina brand will invest approximately 3 billion CHF…
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