• Thu
  • Dec 18, 2014
  • Updated: 6:08am

Nestlé

Reform agenda puts China’s economic super agency under scrutiny

China’s probe of infant formula prices and foreign drugmakers may mask a broader campaign for the NDRC to justify its own existence. Photo: AFP

Behind China’s two investigations into irregular pricing of infant formula and pharmaceuticals announced this month is one powerful institution and its struggle for relevance as Beijing attempts a transition to a more consumption-led economy.

Wednesday, 17 July, 2013, 5:53am

Abbott to cut milk powder prices in China after probe

Chinese shoppers look over foreign milk powder brands. Photo: Reuters

Abbott Laboratories is cutting prices of its instant products in China by up to 12 per cent, the company said, joining other foreign firms in responding to Beijing’s probe into possible price-fixing by milk powder makers.

12 Jul 2013 - 2:37pm

Abbott to cut milk powder prices in China after probe

Chinese shoppers look over foreign milk powder brands. Photo: Reuters

Abbott Laboratories is cutting prices of its instant products in China by up to 12 per cent, the company said, joining other foreign firms in responding to Beijing’s probe into possible price-fixing by milk powder makers.

6 Aug 2013 - 12:40pm

Mead Johnson cutting China infant milk prices amid probe

Mead Johnson said it is looking at its global operations for ways to offset the impact of China price cuts on its earnings. Photo: SCMP

Mead Johnson Nutrition said it will cut the price of its infant milk formula in China, becoming the latest company to take action in the wake of an investigation by Beijing into possible price-fixing and anti-competitive behaviour.

11 Jul 2013 - 11:05am

Nestle, Danone to cut Chinese infant milk prices amid probe

Imported milk powder sold at a supermarket in Beijing. Photo: Reuters

Swiss food company Nestle and French rival Danone are cutting the price of infant formula milk in China after Beijing launched an investigation into possible price-fixing and anti-competitive behaviour in the sector.

29 Aug 2013 - 4:13am

Nestle banks hopes on coffee culture

Roland Decorvet, the chairman of Nestle China, expects double-digit sales growth to continue on the mainland. Photo: Kwong Man-ki

Nestle, the world's largest food company, has pinned its hopes on a strong expansion of its coffee business on the mainland by fostering a coffee-drinking culture, while it also expects its adult nutrition products to see the fastest growth in the food category amid the background of an ageing population.

24 May 2013 - 4:36am

Hutchison to develop herbal drug with Nestle

Chi-Med chief executive Christian Hogg

Hutchison Whampoa's pharmaceutical unit has joined forces with Swiss food giant Nestle to develop a new drug, which they said had the potential to be the first Chinese herbal-ingredient-based drug candidate to conduct a large-scale clinical trial for registration in a major disease area.

29 Apr 2013 - 4:17am

Nestle grows China coffee investment

Pu'er, better known for its tea, exported 7,927 tonnes of coffee beans in 2007, accounting for more than 40 per cent of China's coffee exports. Photo: SCMP

Coffee lovers in China will be excited to hear about a major new initiative by Nestle to grow coffee beans in southwestern Yunnan province, in the latest challenge to the nation's traditional tea-drinking culture.

8 Apr 2013 - 11:27am

Briefs, February 20, 2013

Armenian President Serzh Sargsyan won election to a second five-year mandate but his rival alleged violations and international observers complained the polls lacked competition.

20 Feb 2013 - 4:32am

Nestle ventures into Chinese medicine with pharma deal

View of Nestle's logo on a road sign near the world's biggest food company headquarters in Vevey. Photo: AFP

The world’s biggest food group Nestle is moving into traditional Chinese medicine by joining forces with Chinese pharmacy group Chi-Med, the Swiss group said on Wednesday.

The new entity, called Nutrition Science Partners (NSP), is to be owned equally by the two parties, Nestle said in a statement, without revealing any of the financials behind the deal.

29 Nov 2012 - 12:07am

Nestle and Chi-Med form Chinese medicine alliance

Nestle will own half of the new research venture. Photo: Bloomberg

Nestle and Hutchison China Meditech, a drugmaker controlled by Li Ka-shing, have agreed to form an alliance to develop gastro-intestinal treatments based on traditional Chinese medicine.

Nestle Health Science and Chi-Med will each own half of the Nutrition Science Partners (NSP) venture, the companies said yesterday.

29 Nov 2012 - 3:46am

Nestle to chase Chinese palate

Totole products are now under the Nestle umbrella. Photo: Xinhua

Nestle plans to double the number of its research units in China as the world's largest food group chases double-digit growth in the world's most populated country.

The Swiss food giant, whose global sales have fallen short of expectations so far this year, has promised mainland consumers it would cater to their tastes.

19 Oct 2012 - 3:33am

Nestle workers reach deal with company

Nestle workers ended a one-day strike yesterday after reaching a preliminary agreement with management.

Some 30 deliverymen had staged a sit-in outside the food company's factory in Yuen Long to protest against the suspension of two colleagues, including union head Chan Bong-yin.

22 Feb 2009 - 12:00am

Nestle strike a lesson in importance of corporate responsibility

Reading about the strike by Nestle workers, which has now ended, I was reminded of the qualities that a socially responsible firm should possess.

The main aim of such a company should be to balance the interests of all stakeholders, including employees, shareholders, customers and the government.

3 Aug 2008 - 12:00am

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