KUALA LUMPUR (May 20): Nestlé (M) Bhd (Nestlé Malaysia) has moved its corporate headquarters to 1 Powerhouse, Bandar Utama from Surian Tower in Mutiara Damansara.
In a statement released yesterday, Nestlé Malaysia said the move is aligned with the group s ongoing efforts to embrace the future of work through a purposeful workplace design following the Covid-19 pandemic.
The new office space has an open space concept, multiple breakout spaces and advanced technology to create a smart hybrid workplace. Cutting-edge tools and surface hubs in rooms help create greater collaboration and engagement.
“Once Covid is behind us there will still be a demand for a hybrid working arrangement that allows people to find the best balance between work and personal life. We have embedded this principle in the design with modern, functional, highly adaptable and smart spaces, said Nestlé Malaysia chief executive officer Juan Aranols.
27 Apr 2021 / 21:35 H.
PETALING JAYA: Nestle (Malaysia) Bhd, which has allocated a capital expenditure (capex) of RM300 million for 2021, its highest in seven years, saw its net profit for the first quarter ended March 31, 2021 dip 6% to RM175.16 million from RM186.31 million reported for the corresponding quarter of the previous year, attributed to Covid-19 related expenses.
Revenue for the quarter stood at RM1.45 billion, a 1% improvement from RM1.43 billion previously.
CEO Juan Aranols commented that the quarter reflects its ability to continue to drive growth and sustain performance amidst the challenging pandemic conditions.
In addition, the quarter saw innovations from Nestle with the commencement of a plant-based meal solutions factory in Shah Alam and the distribution of the range to selected restaurant channels. Meanwhile the retail store and online rollout is slated for the second quarter.
Nestle Malaysia has pegged product affordability and versatility as its main plant-based strategies amid the official launch of the firm’s first ever plant-based production facility in the ASEAN region.
Nestlé s Milo is very popular in Southeast Asia, and it was able to maintain the same level of high popularity for decades. Now, as the Swiss food company ventures into plant-based food and drinks in Asia, a milk-free version of the favorite chocolate drink will be introduced in Malaysia.
The roll-out of dairy-free Milo
As per CNN Business, the new Milo product is just one of Nestlé s newest plant-based creations. This dairy-free chocolate beverage is debuting in ready-to-drink bottles and will be available starting Thursday, April 8.
These beverages are hitting supermarkets in Malaysia this week, and Nestlé has plans of launching them in other countries too. It was mentioned that plant-based Milo is already available in New Zealand and Australia, but it is in the usual powder form, so the one that will be introduced this week would be the first ready-to-drink plant-based Milo.