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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Nestle (Reg) | LSE:NSTA | London | Ordinary Share | CH0002137682 | CHF10(REGD) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:6208U Nestle SA 26 January 2004 Press Release Nestle opens a global centre for culinary research in Singen (Germany) Vevey/Singen, 26 January 2004 - Peter Brabeck-Letmathe, Vice-Chairman of the Board and Chief Executive Officer of Nestle S.A., today opened a new global centre for culinary research in Singen (Germany), in presence of officials from the state of Baden-Wurttemberg. The Nestle Product Technology Centre (PTC) Singen represents an investment of EUR 22 million (CHF 34.5 million). Its building was completed in a record time of only 11 months. PTC Singen employs a staff of about 150 from 16 different nationalities. The focus of its culinary research is on condiments, soups, sauces, mayonnaise, as well as chilled and frozen products like pasta, pizzas, doughs and prepared dishes. A further emphasis is on the development of baby food for young children from 4-6 months up to about age 3. PTC Singen is one of nine Product Technology Centres within the worldwide resarch and development network of the Nestle group, each of them dedicated to a particular product group. Their mission is to transform basic scientific knowledge elaborated at the Nestle Research Centre in Lausanne (Switzerland) into industrially manufacturable products. This activity requires the vicinity of a factory. After the sale of the Maggi factory at Kemptthal (Switzerland) to Givaudan in 2002, a new site for the PTC attached to that factory was found on the compound of the Maggi factory in Singen. With a view to reinforcing existing synergies, the activity of the former Nestle R&D Centre in Weiding (Germany) in the field of wet culinary products and baby food was integrated into the new PTC Singen. (Photos can be downloaded from the website of Nestle Germany at www.nestle.de > Presse > Pressemeldungen) Contacts: Media: Francois-Xavier Perroud Tel.: +41-21-924 2596 Investors: Roddy Child-Villiers Tel.: +41-21-924 3622 This information is provided by RNS The company news service from the London Stock Exchange END MSCUNRARSNRAUAR
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