Nestle gambles on two new plants in China Published time: The Swiss food manufacturer told Bloomberg it plans to open a coffee plant in the eastern province of Shandong and a food factory in partnership with Yinlu Foods Group. The government clearly wants to focus on the growth of the domestic economy. The company saw the weakest growth in China, with just 1.
Nestle regards China as its important growth driver Source: Nestle announced on Thursday a full-year organic growth of 4.
Its performance in the Asian market was seriously impacted by the Maggi noodles issue in India. However, the annual report noted that China has shown increased momentum towards the end of last year. And it's moving from investment-driven expansions towards private consumption," said Bulcke, adding that "we are confident in our ability to accelerate our growth progressively with sustainability" in Chinese market.
Meanwhile, Bulcke noted that Chinese consumer expectations have been changing very fast, especially with the development of e-business.
Inhalf of Nestle's sales was accomplished by e-commerce in China. At the end of last year, Nestle has strengthened its global capabilities in e-commerce by signing a strategic cooperation partnership with Alibaba, China's biggest online trader, to increase its online sales and build its brands.
Nestle executive vice-president Wan Ling Martello explained that since Alibaba has a plan of expanding the e-commerce in Chinese rural areas, the partnership could help Nestle to expand its distribution by bringing its merchandise to smaller towns and villages.
Several Chinese e-commerce giants such as Alibaba have set up service stations in villages to help those who lack the necessary skills to shop online. Villagers can order goods at the stations and return a few days later to collect their packages.
Alibaba's aspirations to bring more global products into China by its online platform for oversea sales offer also a chance for Nestle to introduce some of its new products for Chinese consumers, added Martello. China January consumer prices up 1. Food prices, which account for one-third of the CPI calculation, edged up 4.
FDI, which excludes investment in the financial sector, rose 3.Nestle's structured sugar is claimed to help reduce sugar by up to 40% in confectionery.
The sugar is said to dissolve faster in the mouth, the same as in cotton candy. Nestlé, the world's largest food and beverage company, is committed to enhancing quality of life and contributing to a healthier future. webkandii.com is the largest English portal in China, providing news, business information, BBS, learning material.
Starbucks expands delivery service to 1, stores in China. Starbucks Corp. said Tuesday that it has brought delivery service to 1, stores in 17 cities across China less than two months after. What in the world is Barack Obama thinking?
At a time when the United States is facing the greatest water crisis that it has ever known, Obama is allowing water from the Great Lakes to be drained, bottled and shipped to China and other countries around the globe.
Nestle, the world’s largest food and beverage company, hopes that Chinese consumers outside of China might just be the best target for its new marketing campaign. Specifically, Nestle aims to compete with Starbucks in China through its Nescafe brand of instant coffee, coffee pods, coffee machines, and other coffee-related products.