Nestlé makes Rs 4 bn contribution to local farmers
Nestlé has accelerated its strong commitment to local sourcing and
rural development despite a very challenging year.
Manufacturing over 90 % of its products sold in Sri Lanka locally,
the company is set to end the year with the highest ever contribution to
the rural community in its history; paying out Rs 4 billion (approx. US
$ 31 million) to more than 23,000 local farming families for the
procurement of raw materials such as fresh milk and coconut for its
leading food and beverage products.
Nestlé Lanka’s Managing Director, Alois Hofbauer,
celebrating the company’s highest ever procurement of fresh
milk in history with a Nestlé dairy farming family.
The country's largest private sector collector of fresh milk, Nestlé
procures fresh milk from over 18,000 farmers every day. The company has
worked closely with relevant authorities over the years to assist local
dairy farmers in increasing the quantity and quality of their yield;
thereby helping to reduce the country's dependency on milk powder
As the world's largest exporter of coconut milk powder, Nestlé also
contributes to the livelihood of 5,000 coconut farming families across
the country by way of coconut purchases amounting to 50 million coconuts
"It's nice to end the year having made such a positive impact on the
lives of so many.
"I'm extremely proud of our landmark contribution in uplifting the
livelihoods of Sri Lankan farmers this year and pleased we have proved
once again that it is possible to do well by doing good," said Alois
Hofbauer, Managing Director of Nestlé Lanka PLC.