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Mumbai : The International Union of Food Science and Technology (IUFoST) has honoured Nestle with its prestigious President's Award, which is given in recognition of efforts to advance global food science and technology for the benefit of everyone.
Nestle was specifically praised for its leadership in providing quality, safe, nutritious food products and services and in particular its food safety efforts and support of young scientists in IUFoST.
Werner Bauer, Nestle's executive vice president and chief technology officer, received the award at IUFoST's Global Food Industry Award ceremony on August 23, held during its two-day congress in Cape Town, South Africa. "It is a great honour that the IUFoST has recognised Nestle's leadership and especially our commitment to food safety," said Bauer. "Food safety is absolutely non-negotiable. We have a global network of specialists, including the people in our factories who, every day, deliver around 200,000 analytical results for product release. This commitment to food safety is essential for gaining the trust of our consumers, and for establishing and maintaining our global leadership."
In 2009, the company's consolidated sales were Swiss Franc (CHF) 107.6 billion and net profit was CHF 10.43 billion. Research and development investment was CHF 2.02 billion.
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