The need to maximise profit combined with a desire to help the environment have been major drivers in Kraft slashing water use in its food processing operations by more than 20 per cent in three years, the company said.
Kraft Foods announced on 24 April that it has signed agreements to
sell its Artiach biscuits business in Spain to Barcelona-based
bakery Panrico and its Balaton chocolate trademark in Hungary to
A labour union at Kraft's Chinese division said the firm violated
labour laws by not adequately informing its employees about the
relocation of its headquarters in the country, according to local
Kraft Foods is set to take an even larger share of the global
snack market after receiving conditional approval by the European
Commission to purchase the biscuit, cereals and snack division of
The European Commission announced it has extended the time
limit on its inquiry into Kraft's proposal to purchase
Danone's biscuit division, after both parties submitted new
information relevant to the deal.
Kraft Foods will drive down costs by $1bn (€732m), rejig its global
portfolio, and exploit its sales capabilities, in a bid to make the
company more profitable, the company's top executive stated at a
conference this week.
Kraft explains its approach to health and wellness in the second of
a series of FoodNavigator-USA.com articles examining the practices
of major US food firms in the face of a growing need to address
Kraft may be selling the US based cereals business for as much as
$3bn (€2.2bn), because of pressure from new legislation in regards
to advertising to children, according to a report by the Wall
US manufacturer Kraft Foods has announced a massive extension to
its three-year restructuring plan that will see a further 8,000
jobs and 20 production plants go, as the company absorbs rising
energy and ingredient costs.
Kraft Foods has confirmed that it is increasing prices of many of
its products in the United States by an average of 3.9 per cent
because of rising energy and packaging costs caused by higher
global oil prices.
On the back of growing consumer interest in healthy eating, leading
US food maker Kraft Foods is focusing on its increasingly
successful health and wellness segment, announcing plans to further
limit products advertised to children...
Kraft Foods, the world's biggest food company, has announced its US
operation is to provide consumers with more nutritional information
about its products - a precedent already set by its UK division,
Tom Armitage reports.
The rising pressure on US food producers to play their part in
improving the health of the world's fattest nation has led Kraft
Foods to promise more nutritional information on selected snack,
dairy and beverage products - a...
Increasingly health conscious US consumers chose to bypass the
snack packs of food giant Kraft in the second quarter, a trend
which weighed heavily on profits at the country's biggest food
maker. But a major marketing push highlighting...