Mar 04, Colombo: Nestlé was recognized as Sri Lanka’s number one F&B company at the recent Business Today TOP 30 awards. The company jumped nine places from its previous ranking to become one of the top 10 companies on the list, which featured Sri Lanka’s best-performing corporates across all industries.
The event awarded organizations that had achieved growth in challenging times during the 2018-2019 period, demonstrating resilience and ingenuity in serving consumers and supporting the country’s economy. This is the fifth consecutive year Nestlé has been recognized by Business Today.
“We are honored to be recognized as one of Sri Lanka’s top 10 corporates by Business Today, in acknowledgement of the contribution we make every day to the country and its people. We have always placed Sri Lankan consumers’ needs first in everything we do - helping to nourish their families, develop their communities, and protect their environment” said Fabrice Cavallin, Nestlé Lanka’s Managing Director.
As one of Sri Lanka’s oldest multinationals, Nestlé celebrates 114 years in the island this year. Its range of popular products serve Sri Lankans right from birth to old age, with recipes carefully tailored to ensure it meets local tastes and nutritional needs. Approximately 90% of the products sold by the company in Sri Lanka is made locally at its factory in Kurunegala. In 2019, Nestlé provided its consumers with close to 1 billion micronutrient enriched servings through its products.
Through its business, Nestlé also supports the livelihoods of almost 30,000 Sri Lankan families – from farmers and suppliers, to distributors and employees – by sharing expertise, and providing training, employment and business opportunities. The company is currently one of Sri Lanka’s largest fresh milk collectors and one of the world’s largest exporters of coconut milk powder.
The company is also aggressively driving its 2025 commitment to make all of its packaging 100% recyclable or reusable. It has made good progress, with more than 80% of its current packaging already recyclable. It will no longer offer plastic items in its promotions from April this year, and are working together with its stakeholders to launch Sri Lanka’s first UHT milk carton recycling facility by mid-2020.