SWITZERLAND: Nestle & Coke team up in Indonesia
Nestle Waters has announced that it is to team up with Coca-Cola in Indonesia. The two companies are to create a joint-venture to take a majority stake in the country's second-biggest bottled water company, Nestle said in a statement.
In a statement released late yesterday, Nestle said the joint-venture, called Waters Partners Bottling, had acquired a 65% stake in PT AdeS Alfindo Putrasetia (AAPS), the number two player in bottled water in Indonesia.
No financial details were given.
While the overall market for tea in the UK has declined by some 12% over the past five years, iced tea consumption is on the rise. Annette Sessions reports on the potential for iced tea in the UK and ...
Coca-Cola announced last week that it was taking over full control of its US water joint venture, CCDA Waters, buying out its partner, Danone. However, speculation over the poor performance of the CCD...
Swiss multinational Nestlé has reported a robust set of figures for the first nine months of 2005 with organic sales up 5.8%....
Nestle Waters Direct Portugal is to by the Portuguese office delivery water company Peyroteo & Caravela, it was reported this week....
Nestle Waters is to bottle its Contrex and Vittel water brands at the same plant in France, according to local press reports....
Nestea, the tea brand developed jointly by Coca-Cola and Nestle, has announced that it is to introduce Nestea Ice, already available in the Asia-Pacific region, in the US....
Nestle Waters has bought a majority stake in a new joint venture in Algeria....
Nestle Waters Spain has inaugurated a new water plant in Herrera del Duque near Badajoz, western Spain, a company spokesman has confirmed to just-drinks....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Diageo's future brighter than present suggests
- Heineken to stay "active player" in beer M&A - CFO
- Diageo's Q1 Results by Region
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- Diageo puts Beckham centre stage in Haig Club ad
- TWE unveils Penfolds range after CEO's "bold move"