Huge growth in demand for retail-ready packs (RRP) over the next five years will provide massive opportunities for packaging suppliers, according to a report by Pira International.
Smurfit Kappa Group (SKG) said a reorganization of its specialties segment would realize further efficiencies as it posted strong second quarter results. It also revealed that the Venezuelan Government had tabled proposals to seize thousands more hectares...
A decrease in the package-to-product ratio for some of its snack packs saw financial and environmental gains for Kellogg’s, according to its latest corporate sustainability (CSR) report.
Consumers are less likely to check labels of biscuit, cake, chocolate and confectionery compared to other food categories, according to Harris Interactive, due to the perception that they are indulgence opportunities.
Breakfast cereal manufacturer, General Mills, admits it fell far short of goals for 2010 in terms of reducing energy consumption and greenhouse gas emissions (GHG) but has flagged up a packaging commitment.
The results of the inaugural FoodProductionDaily.com survey gauging the outlook for the food and drink processing industry reveal that commodity and packaging material price increases, the bugbear of the past few months, are proving a challenge for 80...
Nut and snack maker Diamond Foods has increased its outlook for fiscal year 2011 after volumes rose 40 per cent in Q1 following the acquisition of Kettle Foods.
Packaging and equipment suppliers to the food industry may have to get used to tighter margins despite renewed optimism in 2010, according to industry experts at Emballage in Paris last week.
Recycling targets for plastic and steel packaging were singled out for increase yesterday by the UK Government as it announced its new objectives fover the next two years.
There has been a “remarkable” jump in demand for German plastic manufacturing equipment this year, with the pace of recovery outstripping expectations from the sector, said a leading trade association.
Production of aluminium foil in Europe climbed by more than 16 per cent during the first half of 2010 as confidence continued to return to the market, said a leading trade association.
Around US$30bn worth of investment is needed to “revolutionise” India’s food processing sector to boost the volume of processed products to 10 per cent of overall output by 2015, according to a new report.
Interest in baking at home has significantly picked up over the last six months, with baking mix manufacturers increasingly flagging up ease of use to respond to a growing demand for convenience in the kitchen.
Sealed Air Corps said it had made a “modest recovery” in the first quarter but that continuing economic weakness in Europe had held the company back. Its revival would instead be led by growth in emerging markets.
Smurfit Kappa Group (SKG) announced its revenue dropped by 14 per cent to €6.1bn in 2009 after a “significant collapse in market demand and pricing” during the year.
Nanotechnology in food packaging is set experience strong growth over the next five years as the move towards globalisation of the food supply boosts demand for shelf-life enhancing packing.
A new study of French eating habits has shown consumption changes over the last decade – especially among young adults who are hungry for packaged and convenient foods.
UK exports of cereals and bakery products last year rose by almost 30 per cent over the previous year, led by breakfast cereal exports, according to a recent report from the nation’s Food and Drink Federation (FDF).
Efforts by snack manufacturers to improve their sustainability credentials continue with UK firm United Biscuits reporting "great progress" in its six-pronged sustainability blueprint launched last year.
The UN's Food and Agricultural Organisation (FAO) has predicted lower cereal prices for 2009 as production outstrips use and world cereal stocks recover from recent critical lows.
Increased use of enzymes by brewers and demand for baking enzymes in emerging markets have helped Novozymes achieve impressive sales growth in its food division in the first half of 2008.
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.
Children's favourite snacks are crisps, biscuits, cakes and
confectionery but the healthy eating message is filtering through,
according to a new survey.
US-based food producer Heinz has unveiled ambitious plans to reduce
its greenhouse gas emissions by 20 per cent by 2015 by using energy
generated from potato peel.
An increase in commodity and marketing costs led Heinz to yesterday
report slightly lower margins for the third quarter 2008, despite
sales and operating profit growth.
Soaring commodity costs have sent Premier Foods share prices
tumbling and may cause the company to breach its banking covenants,
according to analysts.
The latest consumer survey conducted by the UK's Food Standards
Agency points to a drop in concern about salt and fat levels in
foods, which the agency says reinforces the need for
awareness-raising initiatives.
Cadbury today said the demerger of its beverage arm will no longer
result in any capital return to its shareholders, as the company
reported profit losses for the tax year 2007.
The European food and drink manufacturing industry is performing
below average on nine out of 12 indicators of innovation, says a
new report from the CIAA that highlights the need for increased
investment and data protection.
In financial news this week; Ralcorp posts first quarter profit
sales increases, Trian attempts to control Wendy's executive board,
and an Australian baker strengthens security after the value of his
commodities goes up.
Beverage and snack company PepsiCo last week posted a 10.3 per cent
increase in operating profit for the tax year ending 30 December
2007, but higher overall costs led to a slight decrease in
margins for the group.
Global food giant Kraft yesterday posted fourth quarter profit
losses of six per cent, despite higher volume sales of chocolate,
biscuit and beverage brands.
A double digit rise in advertising spend, as well as high energy
and commodity costs, has led to declining margins
for Kellogg's during the financial year, the cereal
company reported yesterday.
Packaging materials supplier Alcoa has committed itself to help
raise the current recycling rate for aluminium beverage cans to 75
per cent by 2015, in a bid to further boost its sustainability
aims.
US packaging firm Ball will spend more than $300 million on
expanding its beverage can capacity in Europe and Asia this year,
as it closes loss-making operations in the Americas.
Two leading UK bakery firms are raising customer prices in order to
combat high commodity prices, a strategy they say is now necessary
to keep sales profits high.
While 85 per cent of US consumers still eat dessert once a month or
more, healthier options such as fruit and yoghurt are an
increasingly popular choice, according to a new consumer trends
report.
Thanks to the health and organic trends, sales of cereal bars in
the EU will experience average compound annual growth of 7.2 per
cent up to 2010, far outstripping sales of candies and chocolate, a
new report claims.
UK-based Northern Foods said that its leaner business model has
paid off, as the company reported a 5.9 per cent increase in
operating profits for the half year.
UK-based Associated British Foods (ABF) today reported real
operating profit increased by 11 per cent in 2007,
despite EU sugar reforms and the weak US dollar's effect on
margins.
