Business news from Ukraine

SWISS-BASED NESTLE PROVIDES UKRAINE WITH CHF15 MLN IN HUMANITARIAN, CASH AID SINCE START OF WAR

Swiss-based Nestle, one of the world leaders in the production of food and beverages, has provided Ukraine with CHF15 million ($15.8 million at the current exchange rate) in the form of humanitarian and monetary assistance since the beginning of the military invasion by the aggressor country of the Russian Federation, which included financial assistance and over 40 million servings of food, drinks and nutrients.
The relevant data was made public in the report of the corporation for the first quarter of 2022 on its website on Thursday.
“From the very beginning of the war, Nestle has focused on supporting its employees, their families and the people of Ukraine. Working in partnership with Ukrainian charities, Nestle also organized direct humanitarian deliveries in the war zone,” the report says.
According to its data, the corporation was able to largely maintain operations in western Ukraine, while the work of its plant in Kharkiv was stopped due to heavy shelling of the city by Russian troops. The enterprise was transformed into a distribution center for humanitarian aid for the local population.
The corporation has retained wage payments for its 5,800 Ukrainian employees, and also provides them with advance, lump-sum payments in connection with the relocation.
“Nestle has set up support centers in neighboring countries such as Poland to receive employees and their families who have left Ukraine. For example, part of the company’s factory in Rzeszow (Poland) was converted into housing for refugees,” the corporation said in the report.
As reported, on March 23, the corporation decided to reduce production and sales in the aggressor country of the Russian Federation to essential goods, such as baby or medical food.

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NESTLE UKRAINE LAUNCHES SALES OF PLANT-BASED PRODUCTS RESEMBLING MEAT IN TASTE

Nestle Corporation starts selling a line of Garden Gourmet plant-based products in Ukraine, resembling meat in taste, appearance and texture.
The company’s press service reported on Thursday that the Garden Gourmet product line is represented in Ukraine by Sensational Burger, Sensational Sausage, Vegan Meatballs and Vegetarian Nuggets.
The press service of Nestle told Interfax-Ukraine that the new products will be delivered to a number of restaurants in Kyiv and Lviv, and the Garden Gourmet line will arrive in the retail network at the end of 2021. At the same time, the selling prices of new products are not disclosed.
The company said that Garden Gourmet products consist of natural plant ingredients, and the dye in plant products is beet juice and fruit and vegetable concentrate. The product also contains wheat, soy, oil and water. According to Nestle, the shell of Sensational Sausage uses natural algae.
According to the company, the production of vegetable burgers requires 80% less energy compared to a similar meat product. Also, the production of Garden Gourmet products reduces the carbon footprint and land use compared to the meat product by 80% and 75%, respectively.
“The choice in favor of plant products helps to reduce the amount of greenhouse gases in food production. Thanks to the optimal price, this product is affordable for everyone, and we hope that Ukrainians will discover the world of plant foods thanks to Garden Gourmet,” Nestle Professional Business Executive Officer in Ukraine and Moldova Elena Shevelyova said.
According to the company, Garden Gourmet is a popular plant food brand in Europe, with production facilities in the Czech Republic.

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Nestle and Starbucks launch product line in Ukraine

Nestlé, one of the world’s largest food manufacturers, has announced the launch of a product line in Ukraine in partnership with the Starbucks brand.

“As part of partnership between the two companies, a line of coffee for making at home has been launched on the Ukrainian market,” the company’s press announcement said.

According to the report, on January 15, Nestle will announce the details of partnership with Starbucks and its plans to develop the coffee business in Ukraine as a whole.

Currently, coffee under the Starbucks brand is already present in Ukraine both on the largest marketplaces and in niche online stores, and in large retail chains such as Silpo or Metro, and belongs to the upper segment with a price of about UAH 100 per 100 g.

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SWISS NESTLE BUILDS UP 100% STAKE IN UKRAINIAN VOLYNHOLDING

The Swiss company Nestle has bought a 9.5% stake in PrJSC Volynholding (the Torchyn brand), the largest producer of ketchup, mayonnaise, sauces and seasonings.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, after the purchase, the share of Nestle in Volynholding became 100%.
According to the report dated September 13, 2018, the company decided to sell 1,900 previously purchased shares to Volynholding’s shareholder. This stake, owned by the company, was 9.5%.
The net income of Volynholding in 2017 amounted to UAH 1.3 billion (7.5% more), net profit some UAH 89.1 million (0.8% more). Information for 2018 is not yet available.
PrJSC Volynholding produces ketchup, mayonnaise, sauces, pickles, mustard, dressings and spices under the Torchyn brand.
Nestle in Ukraine and Moldova has more than 5,500 employees. The company in Ukraine has three production sites (in Kharkiv, Lviv, and Torchyn, Volyn region), as well as one of the five Nestle service centers in the world – Nestle Business Service (NBS Lviv).

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NESTLE INTENDS TO INCREASE INVESTMENTS IN UKRAINE IN 2018

Nestle, one of the world’s largest food producers, intends to invest about UAH 390 million in Ukraine in 2018, Nestle Director for Ukraine and Moldova Ansgar Bornemann has said. “In 2017 Nestle invested more than UAH 128 million in Ukraine. And investments were used in certain parts at each of the three factories. And in 2018 we plan to triple investments to UAH 390 million,” he told Interfax-Ukraine.
He said total sales in 2017 reached UAH 7 billion. “The most significant contribution to this figure was made by the culinary business (Torchyn and Mivina), confectionery products (Svitoch, Lion, KitKat) and beverages (Nescafe) .The business of baby food, animal feed, NestleProfessional, ready-to-eat breakfasts also demonstrated a significant growth,” he said, adding that in 2018 the company expects sales growth.
The company’s exports in 2017 increased by 10%. The company supplies goods to 17 countries, including Great Britain, Germany, Spain, Holland, Poland, France, Hungary, the Baltic States, Georgia, Armenia, and Azerbaijan. In addition, in small quantities the products are exported to the United States and Canada.
Nestle began operations in Ukraine in 1994. The Nestle business in Ukraine is represented by the following directions: coffee, drinks, confectionery goods, cooking (cold sauces, seasoning, soup), fast food products, baby and special meals, ready meals, and pet food.

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NESTLÉ INVESTS OVER UAH 10 MLN IN 22 ENERGY EFFICIENCY PROJECTS IN UKRAINE

Nestle, one of the world’s largest producers of food products, has invested more than UAH 10 million in energy efficiency projects in Ukraine, said CEO at Nestle Ukraine Ansgar Bornemann. “The company has invested more than UAH 10 million in 22 energy efficiency projects in Ukraine. This allowed 8% energy savings,” he said at a press conference in Kyiv on Wednesday. The top manager also reported on investing UAH 1 million in 12 projects to install special environmentally friendly equipment. “This allowed us to reduce water consumption by 189 tank wagons at the company’s three factories,” he said. Nestle began operations in Ukraine in 1994 with the opening of a representative office. It markets such international brands as Nescafe, Nesquik, Nuts, Friskies, KitKat, etc.

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