Join us on

Nestle

Nestle

Industry: 
Food and Beverage
Value of USG Contracts: 
1200
Symbol: 
VTX:NESN
States: 
CO
IL
IA
KY
MN
MO
NJ
PA
WI
Country: 
Switzerland
Sources: 

"Nestle lists two factories - for cereal and mineral water - in Iran. The company's annual reports show it has done business in Iran as far back as 2000. It also sells food to the Department of Defense and Veterans Affairs. Nestle spokesman Ferhat Soygenis said 'by providing basic foods such as infant cereals and bottled water to the local Iranian population, we aim to meet the needs of that society's most vulnerable members.'"  From 2000-2009, the company was a recipient of $1.2 billion US federal funds.  Their investments in Iran are currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

--

"While Western powers have identified a small group of sectors for Iranian sanction relief, a much wider set of European and U.S. companies—from pharmaceutical firms and medical-equipment makers to food companies and traders—also stands to regain lost Iranian trade as soon as relief measures are formally adopted next month…When the details are worked out, a handful of companies will be in a position to bulk up trading with Iran again—though it is unclear how quickly any of them will move…Swiss food company Nestlé SA also has been forced to scale down its Iran business after banks refused to transfer revenue back from Iran, according to Iranian traders and a banking official familiar with the matter. Since Nestlé doesn't have a U.S. listing, it isn't required to disclose its Iranian sales to the SEC. Without commenting specifically on any difficulty it has getting paid in Iran, a spokesman for the company said it was 'following closely the developments in this process, but it is too early to say how they will affect our operations.'" (Wall Street Journal, "Iran Deal Opens Door for Businesses," 12/1/13)

--

"Nestle distributes coffee, Coffee-Mate, Nescafe and, more recently, mineral water in Iran." (BBC, January 18, 2009)

--

"Nestle has been the target of protests by Islamists since the Gaza onslaught began, some Iranian websites said. It is among a small number of foreign companies which have factories in Iran, which notably also includes French automaker Renault. Others, such as South Korean group Samsung, market their products in the Islamic republic. Some, particularly in the oil and gas sector, have operated in the country for some time, such as France's Total and Anglo-Dutch Shell." (Agence France Presse, "Iran to punish firms trading with Israel," 1/12/09)

--

"Nestle products are widely available in Iran." (Associated Press, "Iran bans with suspect Israel ties," 1/6/2009"

--

"Nestle also has a factory in Iran." (Agence France Presse, "Iran TV urges boycott of 'Zionist' products," 7/19/06)

--

"GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco."(The London Times, "American pressure threatens UK firms," 5/27/06)

Response: 

No response at this time.