SWITZERLAND: Nestlé - steady approach produces strong growth - COMMENT
Nestlé has achieved record levels of growth and profits for the year 2000. It's a creditable achievement, outstripping the low growth in the food industry. The company has successfully abandoned unprofitable sectors to focus on value added solutions, avoiding the trap of continual price cuts. But although Nestlé's in a good position, given the fears of global slowdown it will be hard pressed to better its 2000 results this year.
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