Nestle confirmed to The South African that the tragic news was true. It provided an explanation for the discontinuance, saying that because the Nestle Chocolate Log has been a beloved brand for almost 50 years, the business thanked its devoted customers for their continuous support.
The company added that it was still committed to producing chocolate products that are loved around the world and that it would continue to do so in the future.
Nestle announced in February 2016 that it was cancelling the planned expansion of its largest plant in South Africa due to declining sales of its chocolate products in China. The company said at the time that the decision was not related to any other project in another country.
In May 2017, it was reported that Nestle was considering shutting down its last remaining chocolate factory in South Africa. The factory makes the popular Kinder Chocolate Bar which features on every child's birthday cake at school fundraising events throughout South Africa. If this decision goes through, it will be yet another bad news story for local producers who might be interested in importing chocolate instead.
Nestle said that it plans to use the production capacity at its other plants in Europe and North America to meet growing demand for chocolate products worldwide. The company added that it continues to explore new markets where it can grow profitably.
So, this is what happens when you love something enough!
Nestle has been making chocolate bars since 1880, and the company's name has been a prominent fixture on candy brand packaging in the United States for decades. Nestle chose to sell its US confectionery division due to a drop in sales. The Swiss firm will focus on developing healthier goods.
In July 2016, Nestle announced that it was selling its North American confectionery business, including its Butterfinger, Oreo, Nesquik, and Rolo brands, to Kraft Foods for $3.9 billion. The deal closed on January 1, 2017.
Nestle stopped making chocolate bars in 2003 when it decided to focus on more health-conscious products. In recent years, the company has expanded its non-chocolate offerings by adding fresh pasta, coffee, tea, and frozen foods. It still makes lots of other sweets like Kit Kats and Baby Ruths, but these are just a small fraction of what it does overall.
Nestle employs about 80,000 people around the world and is one of the largest food companies in the world. It ranks number 73 on the 2016 Fortune 500 list of largest corporations by revenue.
Chocolate is a popular product and there is always going to be a demand for it. However, what used to be done in large quantities now goes into small batches made up of premium ingredients.
However, on Tuesday, the European chocolate maker announced a $2.8 billion acquisition of Nestle's US confectionery unit. Then, on Friday, Ferrero was back in the news as protests erupted throughout France over their hazelnut chocolate spread, Nutella. Many people believe that the product contains palm oil from Indonesian plantations.
Palm oil has become one of the most controversial oils today because of its effects on climate change and deforestation. It is used in many products you find in your kitchen and even in cosmetics. Palm oil is used instead of butter because it has a low-fat content but it can also be high in saturated fat.
The production and consumption of palm oil are major factors in the destruction of tropical forests. In fact, since 1990, more than 500,000 hectares (1.2 million acres) of rainforest have been cleared for oil palms, with an average of 4,250 hectares (10,500 acres) destroyed each year.
Indonesia is the biggest producer and consumer of palm oil, followed by Malaysia. But even smaller countries such as Ecuador, Gabon, and Congo also produce large amounts of oil palm fruit.
Palm oil grows easily and quickly, and its fruits can stay fresh for longer when refrigerated or frozen. This makes it suitable for food products that need to be shipped long distances before they are consumed.
Nestle began broadening its operations around the turn of the twentieth century. It purchased chocolate rights in 1904, which resulted in goods under the Peter, Kohler, Nestle, and Cailler brands. It bought the rights from the cheese producers, Gerber & Company AG, in 1927. In 1928, it also acquired Härtel Music Company, a music publisher based in Switzerland that had been founded in 1668.
Nestle now produces and markets over 500 different products in more than 100 countries. Its main divisions are Food Division, which is responsible for Nestle's well-known brand name products such as Quik and Nesquik, Coffee Division, which includes Folgers and Gevalia coffee brands, Pet Care Division, which includes Friskies and Purina pet foods brands, and Baby Nutrition Division, which includes Similac baby formula brand.
In 2004, Nestle was ranked number 5 in the list of "World's Most Admired Companies" by Forbes magazine. The same year, it became the first food company in history to be listed on the New York Stock Exchange. In 2005, it was ranked #3.
Nestle remains an independent company, but it does work with other companies on some projects.
Please share this page. Nestle UK has been a part of British life since the 1860s. Nestle, the Anglo-Swiss Condensed Milk Company, and Rowntree's of York are the company's forefathers. Nestle launched its first UK facility in 1901 and amalgamated with the Anglo-Swiss Condensed Milk Company in 1905. The two companies have separate but connected histories and remain so today.
Nestle UK is a subsidiary of Nestle SA, a Swiss food company. The CEO is Paul Bulcke while the chairman is Peter Brabeck-Letmathe.
Here are some other important facts about Nestle UK:
• Nestle UK employs over 9,000 people across the country. It has offices in London, New York, Singapore, Hong Kong, and Melbourne.
• Nestle was founded in 1866 by Charles Maguire as a milk bottling business in St. Helier, Jersey. He sold the company to a group of American investors in 1870. These investors included Alexander Turney Stewart who had made his money in sugar plantations in the West Indies. In 1898, another American investor, William Wrigley Jr., bought a large portion of the shares in Nestle USA. He wanted to expand into the US condensed milk market with his brand name Cheerwine. However, due to trade restrictions, he had to set up a separate company for that purpose - this company became known as Nestle UK.