Smurfit Kappa upbeat on strong results despite Venezuela land grab plan
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...
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.
Demand for prolonged and balanced energy from functional beverages, report
Customers want prolonged, balanced energy from functional beverages in addition to mental performance, according to a new report from Beneo.
Branded cereals fuelling Ralcorp growth
Branded cereals contributed nearly $60m to US cereal and pasta maker Ralcorp’s positive earnings for the second quarter of its 2011 fiscal year.
Package-to-food ratio gains prove fuel winner, says Kellogg
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 check biscuit and cake labels less than other categories, poll
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.
General Mills falls short of energy goals, sets packaging targets
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.
Alfa Laval hails recovering demand, India becomes third largest market
Increasing demand for food processing and sanitary equipment in emerging markets was a strong growth driver in fourth quarter 2010, said Alfa Laval.
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...
Diamond ups guidance as Kettle buy pays dividends
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.
Tighter margins here to stay despite renewed optimism
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.
UK freezes most packaging recycling targets until 2013
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.
German plastics equipment sector resurgent in 2010 - VDMA
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.
Nestle sets new eco targets for UK and Ireland
Nestle UK&I has given an update on recent environmental progress and established new targets covering water, energy and packaging.
Alufoil output jumps in H1 2010
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.
Indian food processing sector needs US$30bn investment - report
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.
‘Easy’ and ‘pure’ are top claims for baking mixes, Mintel
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 recovery held back by weak Europe
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 sees greenshoots after demand collapse in 2009
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.
Strong growth in nano-packing forecast, but Europe still cautious
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.
Traditional French foods falling out of favour: Study
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 breakfast cereals show strong popularity abroad, FDF report
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).
Food waste recycling for UK snack maker UB hits 99.5 per cent
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.
Costs for cereals to fall, predicts FAO
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.
Brewers and emerging markets spell more sales for Novozymes
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.
Financial briefs: Northern Foods, Kraft, Weston Foods
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.
Traditional snacks still top of kids' wish-list, survey
Children's favourite snacks are crisps, biscuits, cakes and
confectionery but the healthy eating message is filtering through,
according to a new survey.
Heinz to use potato peels to help cut energy costs
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.
Heinz margins dip over higher costs
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.
Cadbury scraps shareholder payout after profit drop
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.
PepsiCo margins fall despite profit gains
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.
Ball reports drop in earnings, new plant for Poland
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.
Dessert habits reflect healthy trend, report
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
Associated British Foods reports profit gains
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
Bread, rolls and biscuits markets set to grow by 2011
The global bread, rolls and biscuit markets are set to grow
substantially by 2011, aided by demands for luxury products,
according to two new reports from Datamonitor.
Beer sales set to increase, says Heineken
Heineken announced yesterday that it has doubled its forecast for
net profit growth, with strong sales in emerging markets offsetting
slow growth rates in Europe and the US.
Unhealthy diet a lifestyle choice, says UK study
People on low incomes consume just as much unhealthy food and drink
as the general population, and so bad diets are the result of
personal choice, according to a study published by the UK
Fancy a beer for more than twice the price?
In 2006, the price of beverages was on average two and a half
times more in the most expensive EU country than in the
cheapest, according to a Eurostat report.
Premium crisps drive growth, says report
A developing demand for premium products such as those
made with alternative ingredients is keeping the UK crisps
market on a steady 2.5 per cent growth rate, Mintel says
in a new report.
General Mills sales rise 6 per cent after restructuring
General Mills yesterday said it achieved growth in both annual net
sales and operating profits, after cutting ties with
Own brand confectionery grows across European markets
European confectionery private label market share is continuing to
grow strongly, according the latest statistics by Neilsen for the
Private Label Market Association.
Business tycoon eats 45 per cent share of Israeli food company
The owners of Israeli food giant
Willi-Foods announced yesterday that they will sell
45 per cent of the company to international businessman
Arcadi Gaydamak for $40.5m (€30.1m).
Food and drink counterfeit seizures fall
The amount of counterfeit food and drink products seized at the
EU's borders decreased by 77 per cent in 2006, the European
Commission said yesterday.
Chips are down for potato producers
Potato processors are feeling the pinch as supplies dwindle due to
last year's poor harvest.
Novozymes continues food enzyme market growth
Novozymes's strong performance in 2006 continues the enzyme firm's
impressive growth in a tight marketplace.
Healthy chocolate gaining credence, Barry Callebaut
The results of a consumer survey on healthy chocolate suggests that
the substance once considered solely as a sweet confectionery item
has made huge strides towards the realm of health foods.
Northern Foods sell off to improve outlook
UK Northern Foods have today reported positive results after
selling off faltering businesses, enjoying organic growth of 3.2
Drought blights Australian dairy exports
Australia's dairy industry may see export earnings drop by more
than 24 per cent to under A$2 billion (€1.2bn) in 2006-07 because
of drought, potentially causing global prices to rise.
EU food and drink industry trends review
The CIAA end of year review of the European food and drink
industry's performance underlines again how significant the
industry is to the EU economy.
Steel recycling rates rise throughout EU
About 2.3m tonnes of steel packaging were recycled in Europe last
year, representing an average recycling rate of 63 per cent in the
25 EU member states, and an increase of 6 per cent in recycled
tonnage compared to 2004.