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Indonesia's RTD revolution: Nestle confident about growth opportunities on back of new factory

Indonesia’s RTD revolution: Nestle confident about growth opportunities on back of new factory
Nestle Indonesia has high hopes for the prospects of the growth of the ready-to-drink (RTD) beverages segment in the country, having recently broken grown on a new factory dedicated to beverage production.
The new factory located in Batang, Indonesia will be dedicated to producing Bear Brand milk products as well as the much-beloved ready-to-drink Milo and Nescafe drinks in Indonesia.
According to Nestle Indonesia Corporate Affairs Director Debora R Tjandrakusuma, one of the major reasons driving the establishment of the new factory is the firm’s confidence in the growth opportunities to be found in Indonesia, particularly in the RTD sector. ....

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Nestle's 2020 APAC performance: Plant-based localisation, sustainability and affordability key focus areas after China pulls down growth

Nestle has committed to focus on plant-based product localisation, sustainability and affordability as key focus areas for its Asia Pacific businesses on the back of the region posting near flat-growth as a result of poor performance in China.
The firm revealed in its 2020 Full Year Results announcement that its businesses in Zone Asia, Oceania and sub-Saharan Africa (AOA) had seen overall organic growth of just 0.5%, with sales decreasing by CHF 1.4bn (US$1.6bn) to CHF 20.7bn (US$23.1bn) in 2020, from CHF22.1bn (US$24.6bn) in 2019.
“Growth numbers in APAC were mostly impacted only by China, where we faced some specific issues such as our exceptionally high exposure in that market to the Out-Of-Home category which was severely hit by COVID-19, as well as Chinese consumers not stockpiling food supplies at home in contrast to what was seen in most other markets,” Nestle CFO Francois-Xavier Roger said in response to queries from ....

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