Pepsico will continue to drive penetration in premium and value snacks as the business arm stood stable amid a 5% overall profit slip for Q3, its CEO said.
As PepsiCo reported a 21% drop in overall profits for Q2 earnings today, snacks are holding steady thanks to global NPD investments and strong growth in Mexico and India, according to the CEO.
Spartech Corporation’s food packaging sales volume fell for the three months up to 5 May compared to last year contributing to an operating loss of US$1.3m (€1m) in the segment.
AEP Industries has reported a Q2 net sales increase of almost US$50m (€40m) and a profit rise of $13.3m from the same period last year despite a “high degree of economic pessimism in our markets.”
Ecolab’s year-on-year income almost halved in the first three months of 2012 after the firm revealed integration and restructuring costs following the acquisition of Nalco last year reached more than US$41m.
DS Smith has forecast its proposed €1.7bn takeover of SCA Packaging will double its annual revenues to more than €4bn (£2.2bn) and hailed the smooth progress of the deal.
Favourable market trends and successful business strategies have driven strong profits in Agrana’s sugar and starch segments, creating 20.2% growth for the first three quarters of 2011|12, the CEO said.
Landec Corp said rising demand for its speciality packaging products was the key driver behind it posting a significant leap in its profits and sales for the second quarter of 2012.
DS Smith said efforts to refocus its business towards recycled packaging and efficiency gains were major factors in the leap in profits in the first half of the year across its European operations.
Increased demand for food production technology from emerging markets such as China and Eastern Europe has led to continued “strong revenue growth” for engineering giant SPX in the third quarter of 2011.
Green food packaging is likely to remain a niche product area despite massive growth in the European bioplastics industry, according to a world packaging authority.
Profit was up for machinery suppliers Marel, Krones and GEA over the first six months of 2011. Germany contributed to high sales growth for Krones and a new acquisition helped boost profits for GEA. Marel targeted emerging markets as its key focus area,...
Lantmännen reports a decline in its Unibake’s operating revenue for Q2 citing factors such as a drop in sales volumes for frozen bread operations in Germany, the UK and Denmark, coupled with negative currency effects.
Silgan announced increased net sales and stable net income in its first quarter results, thanks mainly to passing on raw material costs to customers and gains from recent acquisitions.
Silgan Holdings Inc has announced it is to buy Graham Packaging for US$4.1bn to create a global food and beverage packaging powerhouse with combined annual revenues reaching $6.2bn.
RPC Group said the time lag in passing on record raw material costs to its customers had hit its full year 2010 results – but that revenue has still jumped year-on-year.
Swiss company Aryzta said its hike in revenue growth in the first six months of the financial year 2011 has been underpinned by its strategic acquisitions including Fresh Start and Maidstone Bakeries but it notes ongoing input cost pressures.
Silgan Holdings expects recent food packaging acquisitions to drive an increase in profits in 2011 after the company reported a dip in net income for the past year.
SPX Corporation’s third quarter financial results show that revenue rose 10 per cent to $1.29bn, from $1.17bn in the previous year’s quarter - the first time that the global technology player has reported revenue growth since Q4 2008.
Sonoco has outlined plans to capture the North American coffee tin market on the back of its Maxwell House success during an investor conference on Friday.
A new state-of-the-art packaging facility in Hainan island, off the coast of southern China, will lead the expansion of US company Shiner International in the country, according to its presentation at a business conference in New York.
Eastman Chemical, a supplier of packaging materials for the food and beverage sector, has reported a jump in third quarter profits on the back of higher selling prices and consistent performance from its coatings and polymers.
Food firm Kerry delivers like-for-like trading profit of €134 million at its ingredients and flavours unit for the first half of 2008, thanks in part to 'prudent price actions' that have brought good cost recovery to the group.
Northern Foods and Kraft have successfully offset high commodity costs by focusing on core brands, while Weston Foods suffered an operating income decline of 30 per cent.
Zurich-based chocolate manufacturer Barry Callebaut said today
that like-for-like sales increased 6.1 per cent in
the nine months to 31 May, despite the unstable cocoa
market.
Danisco recorded revenue of DKK 15,220 million in the first three
quarters of 2006/07, a period which saw significant structural
change within the company.
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
Troubled chocolate maker Barry Callebaut has increased sales
volumes during its financial first quarter, but the growth has
meant a tumble in profit margin.
While Graham Packaging reported sales and operating income rose in
the second quarter due to the purchase of Owens-Illinois' plastics
unit, the company has still not been able to bring its costs under
control.
The demand for newer, flashier packaging, especially for
foodstuffs, has spurred the demand for the services of contract
packagers, said Frost & Sullivan in a new analysis of the North
American market.
Innovene, a BP subsidiary, has signed a $2bn (€1.6bn) agreement
with Delta International to build a plastics manufacturing plants
in Saudi Arabia targeting the Asian markets, including the food and
drink container sector.
Alcoa has announced a significant jump in sales and profit for it
first quarter on the back of strong steel prices, a sign that
packaging costs will continue to impact many food and beverage
producers, reports Simon Pitman.
Sun Interbrew, Russia's second largest brewer, has announced strong
six month and second quarter financial results, reflecting a
continuing rise in beer sales backed up by a strong control over
costs.
New Dragon Asia, a leading producer of flour and flour-related
products to the China market, has reported strong results for its
second quarter, reflecting increasing sales, net income and the
gross profit margin caused by improvements...
Packaging Dynamics' announcement that it is to acquire the Iuka
lamination division of Ormet Corporation comes after the
publication of some rather unspectacular third quarter results. Net
sales for the three and nine months...
