Latest Press ReleasesCairo, Egypt,Dec 17, 2017
Nestlé Egypt was honored two awards THE REMARKABLE SWISS INVESTOR IN EGYPT and THE SOCIAL IMPACT AWARD, during the SEBA Business Awards Event & Fund raising Gala Dinner with the presence of H.E Dr. Sahar Nasr Minister of Investments and International Cooperation and H.E Paul Garnier Ambassador of Switzeland to Egypt, and Mrs. Marie-Gabrielle Ineichen – Fleisch Swiss State Secretary for Economic Affairs.
This recognition reflects the strong reaffirmation of Nestle’s long-term commitment to the Egyptian market and to the Egyptian consumers for almost 150 years. Nestlé has been part of the Egyptians’ life for almost 150 years and consider the country to offer great business and economic opportunities.
Nestlé Egypt among other Swiss companies invest in Egypt have been participated in the annual SEBA event, Nestlé has achieved distinct results in 2017 and demonstrated the highest level of commitment to the Egyptian Community despite the current challenges, and the last acquisition of Caravan Marketing Company SAE (“CMC”), a leading Egyptian instant coffee company owner of the Bonjorno brand is the reaffirmation of this.
Mr. Yasser Abdulmalak, Chairman and CEO of Nestlé Egypt: “We are pleased with this recognition which reflects our strong investments and expansion plans in Egypt and the importance of this market to us. In the last 5 years Nestlé has made investments close to 1 Billion EGP in manufacturing and distribution facilties as well as skill development. We will continue to invest in the Egyptian market and this acquisition comes as a reaffirmation of that.” .
About the role of Nestlé as a good citizen, Mr. Abulmalak added “At Nestlé we have a strong commitment to giving back to the community; raising awareness on a healthier lifestyle through taking successful initiatives in cooperation with the government and NGOs, guaranteeing a better life and a healthier future for Egyptian families that focus on our children. All these initiatives are in line with Nestlé purpose to enhancing quality of life and contributing to a healthier future”.
Nestlé started its activities in Egypt by the end of the nineteenth century and since then has deep-rooted presence in this market operating 3 factories; for Dry Goods & Bottled Water, and providing direct employment to more than 3,500 employees.