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NESTLE COMPANY
HISTORY OF THE NESTLE COMPANY
Nestle had long recognised the need to diversify its operation beyond the Swiss frontier. Nestle strongly believe that a Nestle company in a foreign country can grow successfully only if there is a parallel growth in that country. It is with this spirit of partnership growth in that country. It is with this spirit of partnership and enterprise that Nestle arrived at the shores of Malaysia in 1912.
The first Nestle Office was set up in Bishop Street, Penang. The company, then called Anglo-Swiss Condensed Milk Company, quickly made progress. In 1939, Nestle House was established in Kuala Lumpur as the headquarters to centralise nation-wide operations under one roof. With the objective of enlarging a market it had developed over half a century, Nestle through Food Specialities (Malaya) opened its first factory in Petaling Jaya in 1962. This factory locally manufactures sweetened condensed milk, tomato ketchup, chilli sauces and Milo, a chocolate-based beverage. Since then, more factories were set up to produce the varied Nestle products both for local and export markets. In addition to factories in 1987 , a fully automated Central Factory Warehouse was set up, probably the most modern in the region at the time.
The Nestle Group began restructuring by forming a locally incorporated company, Nutritional Product Sdn Bhd in 1979 to take over the marketing activities of the group. The group was further restructured to be in line with the Malaysian New Economic Policy by increasing the Malaysian equity as required. A new holding company, Nestle Malaysia Sdn Bhd, was formed, which became the owner of Nestle’s manufacturing arm, Food Specialities Sdn Bhd and its trading arm, Nutritional Products Sdn Bhd. Both companies were subsequently renamed in the 1990 to Nestle Foods Sdn Bhd and Nestle Products Sdn Bhd in line with the worldwide mega branding of the Nestle name.
In 1989, Nestle was listed in Kuala Lumpur Stock Exchange
HISTORY OF THE NESTLE COMPANY
Nestle had long recognised the need to diversify its operation beyond the Swiss frontier. Nestle strongly believe that a Nestle company in a foreign country can grow successfully only if there is a parallel growth in that country. It is with this spirit of partnership growth in that country. It is with this spirit of partnership and enterprise that Nestle arrived at the shores of Malaysia in 1912.
The first Nestle Office was set up in Bishop Street, Penang. The company, then called Anglo-Swiss Condensed Milk Company, quickly made progress. In 1939, Nestle House was established in Kuala Lumpur as the headquarters to centralise nation-wide operations under one roof. With the objective of enlarging a market it had developed over half a century, Nestle through Food Specialities (Malaya) opened its first factory in Petaling Jaya in 1962. This factory locally manufactures sweetened condensed milk, tomato ketchup, chilli sauces and Milo, a chocolate-based beverage. Since then, more factories were set up to produce the varied Nestle products both for local and export markets. In addition to factories in 1987 , a fully automated Central Factory Warehouse was set up, probably the most modern in the region at the time.
The Nestle Group began restructuring by forming a locally incorporated company, Nutritional Product Sdn Bhd in 1979 to take over the marketing activities of the group. The group was further restructured to be in line with the Malaysian New Economic Policy by increasing the Malaysian equity as required. A new holding company, Nestle Malaysia Sdn Bhd, was formed, which became the owner of Nestle’s manufacturing arm, Food Specialities Sdn Bhd and its trading arm, Nutritional Products Sdn Bhd. Both companies were subsequently renamed in the 1990 to Nestle Foods Sdn Bhd and Nestle Products Sdn Bhd in line with the worldwide mega branding of the Nestle name.
In 1989, Nestle was listed in Kuala Lumpur Stock Exchange