Nestle is not only Switzerland’s largest industrial company but also the world’s largest food company. Nestle began investment in Israel in 1995 by buying 10% of Israeli food maker Osem Investments. Osem Investments is an Israel-based company engaged directly in the production and distribution of food products in Israel and abroad. Two years later Nestle increased its ownership, at a cost of $140 million, to 50.1% giving it the controlling share. A January 2002 agreement between the Swiss and Israeli governments to avoid double taxation for Swiss companies that produce in Israel and sell in Europe led Nestle to announce in September 2002 vast expansion in Israel that will pour $80 million more into the Israeli economy. In 1998, Mr. Peter Brabeck-Letmathe , former CEO of Nestle, received the Jubilee Award by the Israeli Prime Minister Netanyahu. This is the highest tribute ever awarded by the ‘State of Israel ‘ in recognition of those individuals and organizations, that through their investments and trade relationships, have done the most to strengthen the Israeli economy. Check the link please : https://osem.co.il/en/company/history https://osem.co.il/en/brands/Nestl%C3%A9-Nescaf%C3%A9 Nestle main Products: Nescafé, Cerealac, Nido, Fitness & Fruit, Cornflakes (in some countries), Vittel, Pure Life, Carnation, Libby’s, Nesquik, Maggi, Buitoni , Milkybar, KitKat, Oreo, Crunch, L’Oréal, Alcon Eyecare etc. Above information are based on my recent online research conducted on Nestle Group. Choice is all Yours !
Posted on: Sun, 03 Aug 2014 22:30:42 +0000
Recently Viewed Topics
© 2015