Bakery and poultry fuelling processing kit demand, says JBT

By Rory Harrington

- Last updated on GMT

Related tags: Food preservation

JBT FoodTech said despite growing demand for its freezing and protein processing systems, year-on-year second quarter revenues fell by seven per cent to US$135m.

The US-based food processing equipment giant said, however, it was pleased with its Q2 orders which climbed by 14 per cent to $126m compared to the same period in 2009, but remained “largely unchanged”​ from the first quarter of 2010.

This had been "driven primarily by higher demand for freezing and protein processing product lines from the bakery and poultry market segments”,​ said a company statement.

JBT said the delivery of two large projects totalling $30.1 million in the second quarter of 2009 was the reason behind the “unfavourable year-over-year comparisons”.

But the company admitted that its operating profit had fallen by 8.2 per cent to $15.2m due to lower volumes. This had been partially offset by lower expenses from cost reduction programmes.

Inbound orders for food processing were largely unchanged from the first quarter of 2010.

"We are very pleased with our second quarter order activity,”​ said Charlie Cannon, chairman and CEO. “Inbound orders and backlog were up significantly year-over-year, indicative of the steady recovery we are seeing in many of our market segments. We are encouraged with this trend and are cautiously optimistic that our end markets will continue to improve.”

Related topics: Processing & Packaging

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