Nestlé wins ‘Highest Value Added Exporter’ for Coconut Kernel products at Presidential Export Awards

~ Continues to support local livelihoods whilst enhancing foreign earnings for Sri Lanka  Nestlé has won ‘Highest Value Added Exporter’ in the Coconut Kernel Product category at the recent Presidential Export Awards. This marks the sixth Presidential Export Award for the company, in recognition of its strong contribution to national exports, and efforts to create sustainable livelihoods for local coconut growers and farm workers.  Nestlé Lanka is one of the world’s largest exporters of coconut milk powder. The product is exported to over 50 countries, and is sold locally under the Maggi brand. It is manufactured in Nestlé’s state-of-the-art factory in Kurunegala, where the company procures around 80 million Sri Lankan coconuts every year; providing a livelihood to close to 6,000 local coconut farming families. Said José Roldán, Vice President – Supply Chain at Nestlé: “We are honoured to accept this award in recognition of our success in exporting Sri Lankan coconut milk powder. We pioneered the manufacturing of coconut milk powder in the 1980s and have continued to invest in the local coconut industry since. Our efforts have made Sri Lankan coconut milk powder one of the most sought after in the world; offering the best taste, highest quality and minimal environmental impact.”     Nestlé’s coconut milk powder is used by culinary professionals globally for a variety of dishes, as well as by world leading manufacturers of confectionery products like chocolates and ice cream. With coconut waste a growing concern in the face of crop scarcity in the island, it also offers consumers a more efficient way of using coconut milk. Authorities estimate only 65% of the coconut kernel is extracted from the raw fruit when used in-home. Coconut milk powder, in contrast, utilises as much as 85% of the coconut kernel. To help secure coconut cultivation and rural livelihoods, Nestlé launched the Nestlé Coconut Plan in late 2016, in collaboration with the Coconut Cultivation Board. 2,000 coconut farming families received 10,000 high yield coconut plantlets, and benefit from comprehensive training programmes as well as model farms to help benchmark best practices. The Plan encourages coconut cultivation by commercial farmers as well as home growers, both within the coconut triangle and outside, in areas identified as high potential for successful coconut cultivation.     More recently, Nestlé initiated a significant investment to enhance its manufacturing capacity for coconut milk powder to support demand, in consideration of the high growth potential in both local and export markets. Said Shivani Hegde, Nestlé Managing Director: “We believe our purpose as a company is enhancing quality of life and contributing to a healthier future. We are honoured and most proud to be recognised for our strong exports performance, and for our work in investing in projects that make a difference to our farmers, their families and workers. By supporting them we build stronger communities, which in turn help to ensure the long term security of the industry.”    The Presidential Export Awards is an annual event that recognises and awards companies that have made a significant contribution to the local exports sector. It is organised by the Sri Lanka Export Development Board. Previous awards won by Nestlé include ‘Best Exporter of the Coconut & Coconut Based Product Sector’ in 2010 and 2013, ‘Best Exporter of the Food & Other Beverages Product Sector’ in 2011, and ‘Best Multinational Company (MNC) engaged in Exports’ in 2014 and 2015. About Nestlé: Nestlé is the world’s largest food and beverage company. It is present in 189 countries around the world, and its 328,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Nestlé offers a wide portfolio of products and services for people and pets throughout their lives. It’s more than 2000 brands range from global icons like Nescafé and Maggi to local favourites like Nestomalt.  Company performance is driven by its Nutrition, Health and Wellness strategy. Nestlé is based in the Swiss town of Vevey where it was founded more than 150 years ago. Nestlé Lanka has operated in Sri Lanka since 1906 and manufactures most of its products locally, largely using local ingredients. It is one of the top four companies on the Colombo Stock Exchange in terms of market capitalization, and contributes to the livelihood of over 25,000 farmers.  It has been recognized as the Number 1 Most Respected Food and Beverage Company in the country (LMD Most Respected Entities ranking for 2017). Visit www.nestle.lk for more information. Photo caption: (Above from left) Lakshika Weeramundage, Nestlé Senior Manager – Exports; Indira Malwatte, Chairman – Export Development Board; Dr. Harsha de Silva, Deputy Minister of Foreign Affairs and Chandani Wijewardana, Secretary – Ministry of Development Strategies and International Trade