Tuesday November 20, 2018

Maggi stocks worth Rs. 210 crores being withdrawn from markets: Nestle

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New Delhi: Nestle India on Monday said stocks of Maggi noodles worth Rs. 210 crore were being withdrawn from the market and destroyed, even as another Rs. 110 crore worth of finished and related material stocks remained at its factories and distribution centers.

“These are broad estimates, because it is impossible to calculate the final figure while the withdrawal is taking place,” the company said in a filing with stock exchanges.

“There will be additional costs to take into account, for example bringing back stock from the market, transporting the stock to destruction points, destruction costs, etc. The final figure will be confirmed at a later date,” it said.

“The above, and other unforeseen costs associated with this withdrawal, will be dealt with in line with the applicable accounting standards at the time of announcing the financial results on the due dates,” it stated.

The food safety regulator had ordered Nestle to withdraw Maggi noodles after some samples were reportedly found to contain higher-than-permissible levels of lead — a finding that was rejected by the company, saying its own independent tests suggested otherwise.

Nestle since moved to the Bombay High Court, challenging the order. The court has now issued notice to the Food Safety and Standards Authority of India (FSSAI), the regulator, and other respondents and has posted the matter for hearing on June 30.

Among other matters, the Swiss multinational firm has urged the court to quash the June 5 order asking the company to withdraw and recall all its nine Maggi variants and the oats noodles from the Indian market.

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Biggest Ocean Polluters Named to be Coca-Cola, Pepsi, Nestle: Study

Eighty per cent of the 8.3 billion metric tonnes of plastic produced since 1950 was still present in the environment, mainly in the oceans.

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Ocean , Wikimedia

Coca-Cola, Pepsi and Nestle are among the companies that contribute most to ocean pollution with single-use plastics, according to a study presented on Tuesday by the “Break Free from Plastic” initiative.

The environmental movement, launched in 2016, has helped clear the coasts of 42 countries around the world of discarded plastics.

“These brand audits offer undeniable proof of the role that corporations play in perpetuating the global plastic pollution crisis,” said Von Hernandez, the Global Coordinator of Break Free From Plastic, at the presentation of the study in Manila.

pollution
Plastic pollution, Pixabay

Between September 9 and 15, over 10,000 volunteers carried out 239 plastic cleaning actions on coasts and other natural environments in 42 countries, Efe news reported.

They collected more than 187,000 pieces of plastic, of which more than 65 per cent were from products by Coca-Cola, Pepsi and Nestle. But companies such as Danone, Mondelez, Procter & Gamble, and Unilever, among others, were also mentioned in the report.

“The companies have a choice to make. They can be part of the problem or they can be part of the solution”, Hernandez told Efe.

“If they continue the use of problematic and unnecessary plastic packaging they are just encouraging more production and more pollution”.

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Coca Cola is known to spend a huge amount of money on its advertisement campaigns. Wikimedia Common

Around 100,000 pieces of plastic collected were made of materials like polystyrene, PVC (polyvinyl chloride), PET (polyethylene terephthalate) or the film of single-use plastic that were not biodegradable, the report said.

Plastic production has reached 320 million metric tonnes per year and is expected to grow by 40 per cent over the next decade, which will exponentially increase the release of greenhouse gases. Ninety per cent of plastics are produced from fossil fuels and pollutants.

“We must act now to demand that corporate brands reject their overpackaging habit in order to meaningfully reverse the demand for new plastic,” said Hernandez.

The study said that these large corporations must take responsibility for polluting the environment, as production of plastics exposes harmful substances to communities living near factories and pollutes foods and products contained in plastic wraps.

Also Read: Use Every Resources To Help in Climate Change: Scientists

Eighty per cent of the 8.3 billion metric tonnes of plastic produced since 1950 was still present in the environment, mainly in the oceans, according to studies cited in the “Break Free From Plastic” report.

Since then, only 9 per cent of that plastic had been properly recycled and 12 per cent incinerated. (IANS)