Nestle stays in Iran


Tehran (ISNA) - Nestle (NESN.S) sees no direct fallout from renewed U.S. sanctions against Iran, the world’s biggest food company said.

“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.

Nestle 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 Nestle products from abroad, it said.

“By providing basic food products to Iranian consumers, we will continue to fulfill the needs of the population,” it added.

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