Nestlé - Investing in Growth
One of the most credible marks of a successful investment is the long-term value that companies enjoy in a new venture. When Nestlé entered the Greek market in 1979 to produce bouillon cubes for local consumption, little did it know that expansion and growth would follow in such diverse product segments.
Today, Nestlé produces its Classic line of coffee along with Greek coffee under the Loumidis Papagalos brand. In addition, Nestlé produces more than 90 million units of ice cream and bottles millions of litres of Korpi brand spring water. From Greece Nestlé exports to Western and Eastern Europe, North America, Australia, and the Middle East.
After its initial production of bouillon cubes, the company added dehydrated soups and wholesale packing for the domestic and international markets.
On the heels of its initial success, in 1987 Nestlé purchased the Greek coffee company Loumidis S.A. and fully modernised the manufacturing process. At the same time, Nestlé began production lines for the packing of Nescafe Classic in Greece.
The factory employs 118 persons and produces line supplies both the retail and professional markets (hotels, restaurants, cafeterias).
From the factory in Greece, the products are exported to Europe, North America, Australia and the Middle East.
Ice Cream and Water
In 2006, Nestlé Hellas Ice Creams was formed and is the largest ice cream company in Greece. Operating in a factory of 12.000 square metres, Nestlé Hellas Ice Creams produces 22 million litres of ice cream, or about 90 million pieces. The factory exports to Bulgaria, Romania, Serbia, Cyprus, Russia, and Austria.
In addition, Nestlé bottles and markets one of the finest bottled waters in Greece, Korpi Natural Mineral Water, and distributes this product from the source, near Vonitsa, in the Central Greece prefecture of Etoloakarnania.