October 1998

Since Henri Nestlé developed the first milk food for infants in 1867, the
Nestlé company has gained vast experience through its scientific research
into the nutritional needs and food preferences of consumers of all ages.
No other food company invests so much in fundamental and applied
research.

The company has been a leading food manufacturer and major purchaser of
agricultural raw materials for over 130 years. Food and agriculture are an
integral part of the social, cultural, economic and political context of every
community. Since Nestlé activities in Switzerland, its country of origin,
account for less than 2% of its global turnover, Nestlé learned very early to
respect the social, political and cultural traditions of all countries in which the
products are produced and sold, and to be a highly decentralised "people
and products" oriented company rather than a systems centred organisation.
Today, Nestlé is the world’s largest and most diversified food company, with
nearly 500 factories in 77 countries, producing healthy, enjoyable food products
for every stage of life.

Quality is the cornerstone of the success of the Nestlé Company. Every day,
millions of people all over the world show their trust in the company by
choosing Nestlé products. This trust comes from a quality image that has
been built up for over a century.

Nestlé carries out its global social responsibility, firstly, by taking a long term
approach to strategic decision making which recognises the interests of our
consumers, shareholders, business partners, and the world-wide economies
in which we operate. Secondly, our responsibilities and values are reflected
by the commitment of management and employees at all levels, to the
following specific Corporate Business Principles, which define standards of
behaviour for all companies in the Nestlé Group, and are intended to complement
applicable legislation and international recommendations.
 
 
P. BRABECK-LETMATHE
CHIEF EXECUTIVE OFFICER
NESTLÉ S.A.
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