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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350


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Nestle S A : inaugurates packaging research institute, first-of-its-kind in the food industry

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09/13/2019 | 09:19am EDT

Nestle today officially inaugurated the Institute of Packaging Sciences, the first-of-its-kind in the food industry.

The new Institute enables Nestle to accelerate its efforts to bring functional, safe and environmentally friendly packaging solutions to the market and to address the global challenge of plastic packaging waste.

Speaking at the inauguration, Mark Schneider, Nestle CEO, said, 'Our vision is a world in which none of our packaging ends up in landfill or as litter. To achieve this we introduce reusable packaging solutions and pioneer environmentally friendly packaging materials. Furthermore, we support the development of local recycling infrastructure and deposit schemes to help shape a waste-free world. The Nestle Institute of Packaging Sciences enables us to create a strong pipeline of sustainable packaging solutions for Nestle products across businesses and markets.'

The Nestle Institute of Packaging Sciences focuses on a number of science and technology areas, such as refillable or reusable packaging, simplified packaging materials, recycled packaging materials, high-performance barrier papers as well as bio-based, compostable and biodegradable materials.

Stefan Palzer, Nestle CTO said, 'Reducing plastic waste and mitigating climate change effects through cutting-edge technology and product design are a priority for us. Nestle experts are co-developing and testing new environmentally friendly packaging materials and systems together with our development centers, suppliers, research institutions and start-ups. Located at our Nestle Research facilities in Lausanne, Switzerland, the Institute also leverages our existing research capabilities in food safety, analytics and food science.'

Commenting on the inauguration, Sander Defruyt, New Plastics Economy Lead at the Ellen MacArthur Foundation, said: 'Nestle was one of the first companies to sign the New Plastics Economy Global Commitment, setting concrete targets to eliminate plastic waste and pollution at the source. It is great to see the world's largest consumer goods company now increasing its research focus and capacity to deliver on these ambitions.'

Nestle is already making progress towards its 2025 packaging commitments, and has launched novel packaging solutions. For example, Nestle packaging experts and suppliers developed products in recyclable paper packaging such as the Nesquik All Natural cocoa powder and the YES! snack bars in under 12 months.

The Institute is part of the company's fundamental research entity Nestle Research in Switzerland, reaffirming Nestle's commitment to further strengthen the unique Swiss innovation ecosystem. Speaking at the official opening, Philippe Leuba, State Councilor of the Swiss Canton of Vaud, said: 'This new institute will strengthen our Canton as a center of excellence when it comes to the food value chain and allow the development of innovative packaging solutions that respect the environment and sustainable development. Waste management, a global challenge, will now benefit from an innovation ecosystem in the Canton of Vaud made up of universities as well as research centers from major private sector players such as Nestle.'

Media contact:

Tel: +41 21 924 2200

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (CHF)
Sales 2019 93 409 M
EBIT 2019 16 600 M
Net income 2019 12 320 M
Debt 2019 27 758 M
Yield 2019 2,61%
P/E ratio 2019 24,5x
P/E ratio 2020 23,3x
EV / Sales2019 3,48x
EV / Sales2020 3,47x
Capitalization 298 B
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Last Close Price 103,12  CHF
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Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
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