News ID: 219513
Published: 0242 GMT August 07, 2018

Nestlé sees no direct implications on business from Iran sanctions

Nestlé sees no direct implications on business from Iran sanctions

Swiss transnational food and drink company Nestlé sees no direct fallout from renewed US sanctions on Iran, the world's biggest food company said on Tuesday.

"We continue to closely follow political developments regarding sanctions against Iran. There are no direct implications for our business at this stage," it said in response to a query, Reuters reported.

Nestlé Iran has its headquarters in Tehran and two factories: One in Qazvin that produces infant cereals and infant formula, and a bottled water factory in Polour. The company has 818 employees and imports a limited range of Nestlé products, it said.

"By providing basic food products to Iranian consumers, we will continue to fulfil the needs of the population," it added.

   
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