Recycling of plastic waste

Plastic waste recycling: segment investment by Nestle

Nestle Corporation, along with other European companies, is implementing an environmental strategy. The management plans to allocate 2.1 billion dollars for this initiative. Within this framework, the manufacturer has created a venture fund for packaging, the capitalization of which amounted to 260 million dollars. The main goal is recycling of plastic waste. The other day the venture fund invested $30 million in Closed Loop Partners, which is engaged in recycling.
In 2018, Nestle, the market leader in food production, announced that it was switching to packaging that could be reused and recycled. In addition, the Swiss company has decided to reduce the use of plastic by 30 percent by 2025. If in 2018 the producer required 1.7 million metric tons of plastic packaging, now the company consumes only 2% of this material. More goes for water bottles – here 5% of recycled plastic is used.
Nestle believes that investing in Closed Loop will help to increase the production of environmentally friendly packaging, especially as the demand from the food industry is growing.

Nestle Corporation is represented in different segments, it produces baby food, chocolate, instant coffee, cosmetics, pharmaceutical products and others. The main market is the USA, where it offers such well-known brands as Nesquik, KitKat and Nescafe.
The history of the company began with Henri Nestlé, who in 1866 created a mixture for artificial feeding. Later, his condensed milk appeared on the market. Combined with producers of milk chocolate and instant soups, Nestle quickly conquered the European market. In the 1900s the company opened factories in Germany, USA, Great Britain, and in 1907 a representative office in Australia appeared.
After the crisis in 1921 the company changed its business strategy and began to regularly expand its products. Nestle owns the creation of Nescafe instant coffee, which took 8 years to develop.
During the Second World War, the manufacturer provided products to the U.S. Army, and also cooperated with Germany. Similar products, but with German packages came soldiers of the Third Reich. Thanks to such productivity, the company during the war years has made significant progress in the development and expansion of assets. And its profits were not affected by the defeat of the Nazis, as Nestle immediately began to cooperate with the Red Cross by supplying products for humanitarian aid. In addition, the corporation was actively engaged in smuggling and trade in scarce food.
In its history, Nestle has produced about 8,500 brands and has 461 operations in 83 countries.