Kabirwala (Pakistan), 16 March 2007 - General Pervez Musharraf, President
of Pakistan, and Peter Brabeck-Letmathe, Chairman and CEO of Nestlé, today
opened a state-of-the-art milk processing plant in Kabirwala, Punjab. The
plant, Nestlé's largest milk reception facility in the world, has a
processing capacity of 2 million liters of milk per day, which will rise to
over 3 million liters in coming years.
General Pervez Musharraf and Peter Brabeck-Letmathe also presided over the first
graduation ceremony under a unique public-private partnership between the
United Nations Development Programme (UNDP) and Nestlé, which aims to
train 5,000 female livestock workers in Pakistan. This partnership is a further
illustration of Nestlé's model of creating shared value, whereby both
companies and the societies in which they operate emerge as winners.
Since Nestlé started investing in Pakistan 18 years ago, the company has
established the country's largest milk collection network. Today, Nestlé
collects milk from 140,000 farmers over an area of 100,000 square kilometers in
Punjab who, as a result, receive over CHF 120 million per year directly from
the company.
Headquartered in Lahore, Nestlé is Pakistan's largest consumer goods
company with sales of around CHF 500 million in 2006. The company has five
production facilities in different parts of Pakistan: two multi-product
factories in Sheikhupura and Kabirwala, respectively, and three bottled water
plants, one in Islamabad and two more in Karachi. Over the years, Nestlé;
has created over 10,000 direct and indirect jobs in Pakistan. The company
estimates that a million people earn their living with Nestlé in Pakistan,
from employees, farmers and distributors to suppliers, transport companies and
retailers.
Peter Brabeck-Letmathe, Chairman and CEO of Nestlé, said: "Pakistan is a
great country, the fourth largest milk producer in the world. We very much hope
to continue having the privilege of being part of Pakistan's economic growth
for many years to come."
General Pervez Musharraf, President of Pakistan said: "
- Contacts:
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Media: Robin Tickle Tel.: +41-21-924 3517
- Investors: Roddy Child-Villiers Tel.: +41-21-924 3622