Nestlé has been ranked the number one food and beverage (F&B) company in LMD’s Most Respected Entities ranking for 2016.
Declared ‘Sector Winner’ in the F&B category, the company has moved up 11 places from last year to achieve an overall ranking of 11th place across all industries.
“With a strong 110-year heritage in Sri Lanka, we take pride in our strong bond with the local community and our contribution as a ‘local multinational’. We consider it an honour and a privilege to be recognised for our work in a number of key areas and look forward to continuing to deliver the best local products and services at the world-class standards Nestlé is renowned for,” said Nestlé Managing Director ShivaniHegde.
Nestlé is the world’s leading nutrition, health and wellness company and largest food and beverage company. It celebrates 150 years of operations globally this year, as well as 110 years in Sri Lanka. Its local portfolio consists of some of the nation’s most loved brands, including Nestomalt, Milo, Maggi, Milkmaid, Nespray and Nescafé. It has the largest food and nutrition research organisation in the world and manufactures over 90 percent of the Nestlé products sold in Sri Lanka at its state-of-the-art factory in Kurunegala.
The company is the third most valuable company on the Colombo Stock Exchange and is also Sri Lanka’s largest private sector collector of fresh milk and one of the world’s largest exporters of coconut milk powder, positively impacting the livelihoods of over 23,000 local farming families.
The LMD (Lanka Monthly Digest) ‘Most Respected’ ranking is based on an annual survey by Nielsen, compiling the opinions of survey respondents from over 100 companies. Companies are ranked by respondents across a multitude of parameters, including quality consciousness, innovation, CSR, corporate culture, dynamism, honesty, management profile and vision.