Snyder’s-Lance has announced the surprise retirement of CEO Carl Lee Jnr (56) amid disappointing performance results for the first quarter of 2017.
Silgan Holdings Q4 2015 results
Silgan Holdings metal food can plant in Iowa, US, will start commercial production in the first half of 2016.
Truffles can be brought to a wider population without sacrificing their exclusive appeal, though price remains a factor, according to one supplier of truffles for crisps.
pira packaging summit, november 11-12, london
The pressure to reduce costs has had a big influence on food packaging over the last five years, but it could now be time to dust off ideas which offer differentiation and added value.
SPECIAL EDITION: MINIMIZING COSTS THROUGH INGREDIENTS
Rather than innovative formulation changes to manage costs, bakers across the globe are instead going back to basics and cleverly sourcing commodities.
Packaging powerhouse Sealed Air Corp. has announced plans to increase prices up to 9% for most of its food packaging products.
The latest European packaging manufacturer to announce it would be passing on raw material cost increases is UK company Paccor, which makes rigid plastic food packaging.
A significant decline in snack cakes over recent years has prompted Canada Bread Company to shut down a Quebec facility, its CEO says.
Reynolds Group recorded a much improved 2012, despite still posting an overall loss, and outlined existing expansion and cost reduction initiatives as aims for this year.
Spartech Corporation has recorded a drop in sales for the third quarter running in its Packaging Technologies Q4 results but insisted it is positioned to capitalise on expanded customer bases in 2013.
Sun Chemical Europe has announced a price increase across all products from 1 January 2013 due to high raw material costs.
While on-going droughts across North America will undoubtedly fuel food inflation, action will be taken to manage cost spikes, Maple Leaf CEO says.
Bemis lowers 2012 expectations after ‘challenging’ second quarter
Food packaging manufacturer Bemis has lowered its expectations for 2012 in anticipation of lower than expected flexible packaging sales.
Wonder bread and Twinkies maker Hostess Brands has filed for Chapter 11 bankruptcy to allow it to restructure, but does not expect to stop producing or delivering any of its products during the process, the company said on Wednesday.
Bakery ingredients supplier CSM’s planned restructuring programme to offset weak consumer demand will result in 500 job losses, revealed the company when releasing its Q3 interim statement yesterday.
Analyst sounds optimistic tone on fortunes for bakery ingredients firm CSM
CSM may be able to move out of the danger zone if pressures alleviate on the costs input side towards mid-2012 and if its new rationalization plan generates some significant cost savings, notes an analyst.
Bakery ingredients group CSM issues profit warning
Dutch bakery ingredients supplier CSM has issued a profit warning, claiming it will not meet its earnings expectations due to lower spending from recession hit consumer.
Material and cost savings combined with improved leak resistance and easier opening are benefits claimed by Zip-Pak for its new slider system launched at Pack Expo 2011 in Las Vegas this week.
Analysts estimate that the ingredients division of Associated British Foods (ABF) is likely to have a tough second half in line with the “lacklustre” operating performance in the first six months.
Scottish bakery group Lees Foods said it had been hit by high commodity costs in a July 28 trading update.
Flexibles and emerging market growth prop up Huhtamaki
Huhtamaki suffered mixed fortunes in the first half of 2011 as strong performance in its flexible ops and emerging markets were countered by high raw material costs, negative currency effects and operational problems on some lines.
Mondi performance and price hikes overcome economic headwinds
Mondi said its underlying operating profit of €187m in Q1 2011 showed its performance continued to improve but acknowledged that rising input costs and the weakening US dollar were hitting margins.
Smurfit Kappa’s Q1 profits hit by big cost increases
Paper packaging giant Smurfit Kappa has revealed that first quarter raw material costs jumped 10 per cent compared to the last three months of 2010.
Rising overheads hit packaging profits, despite higher sales
Growing sales in the first quarter of the financial year failed to offset the ongoing problem of soaring overhead and raw material costs for a string of leading packaging companies.
BPI counts the cost of raw material hikes, vows recycling ops boost
British Polythene Industries (BPI) said raw material price hikes had cost the company ₤45m (€ 52.3m) in 2010 and said it would be accelerating investment in its recycling operations in a bid to insulate itself from future polymer cost instabilities.
Plastic price hikes to be passed down packaging supply chain
UK plastic processors have warned that soaring raw material costs will lead to significant price increases for the their products, while a leading packaging body said higher costs will inevitably be passed down the supply chain.
Smurfit Kappa meets 2010 expectation despite paper price hike
Paper-based packaging giant Smurfit Kappa has met 2010 profit expectations despite major increases in raw material costs over the course of the year.
BASF increases European prices for resins and additives
BASF has announced immediate price increases in Europe for resins and additives for the packaging, printing and coating industries.
Flint hikes European packaging ink prices on raw material woes
Flint Group has blamed an imminent 22 per cent price hike on packaging inks in Europe on soaring raw material costs and warned further increases were likely next year.
Packaged food sector outlook stable in 2011 - Fitch
The US packaged food sector is expected to remain stable in 2011 despite a raft of difficulties including rising costs, keener competition and cash conscious consumers, according to a report by Fitch.
CSM warns on raw material costs as it posts 3rd quarter gains
Dutch bakery ingredients supplier CSM posted an increase of sales of €149.2m for the third quarter, but notes a substantial hike in commodity costs and reports that it has taken some steps to offset this through higher prices.
Amcor increases flexible packaging prices on rising raw material costs
Amcor said soaring raw material costs are behind its announcement to increase prices for most of its flexible packaging products.
Bakery industry shielded from wheat price hike, for now
Rabobank has predicted that wheat prices are likely to ease but warned that the bakery industry may struggle to pass on higher costs to consumers if prices remain high.
Smaller-volume meat processors can now get the cost and quality benefits of a near infrared (NIR) fat analysing system thanks to the launch of an affordable, compact and robust new machine, said manufacturers Foss.
Stora Enso said its first quarter operating profit of €119m represented a “remarkable improvement” in its year-on-year results as its packaging business maintained strong performance.
IT alliance pledges a reduction in bakery waste and costs
A new alliance between a software developer and a intelligent weighing system manufacturer will help eliminate waste, save on time and increase product consistency and profitability for UK and Irish based bakers, according to the companies involved.
Alcan costs and flexible packaging sales under pin Bemis results
The $16m costs of acquiring Alcan Packaging Food Americas and strong performance in its flexible packaging sector underpinned Bemis Company’s 2009 third quarter results.
Bakery chain to expand on back of strong sales
The good wheat harvest and reduced energy costs contributed to strong sales despite continued cost increases in some ingredients, claims UK bakery chain Greggs
BakeMark urges bakers to invest in high quality ingredients
BakeMark UK has advised that “economising is not the same as down trading” and has suggested that using premium quality ingredients is the most important factor in remaining competitive – even if that means comparatively higher costs.
Packaging group upbeat about 2009 amid easing input costs
Plastic packaging supplier RPC Group announced positive results for the six months up to the end of September.
Energy conservation to govern US plant spend in 2009: report
Productivity improvements and energy efficiency schemes will constitute the majority of new projects next year in the US food and beverage manufacturing sector, claims a report from a US market analysis firm.
Hike in leading packaging firm’s paperboard prices
Graphic Packaging International today announced that it will increase prices for coated unbleached kraft paperboard, effective with shipments on or after November 1, 2008.
Gelatine costs rise amidst financial wobbles
A global producer of Gelatin-based products for use in functional food formulations says it has no choice but to raise the prices for its goods, owing to increasing material and energy costs.
Adapt to survive continuing price crisis, says Deloitte
Rising food prices are not a short-term problem so food
manufacturers must adapt accordingly, making wise strategic
choices, strengthening innovation and streamlining operations, says
a new report.
Nestle product price-hikes drive growth
Nestle has seen a strong start to 2008, partly thanks to its
strategy of increasing product prices quickly in line with
commodity price increases.
Greggs year of change withstands price hikes
UK bakery chain Greggs climbed back after a disappointing
performance in 2006 with its three-year plan helping it offset the
impact of rising raw material and energy costs.
Premier combats commodity costs with dividend cut
UK-based Premier Foods today confirmed it will cut its annual
shareholder payout in half, as the rising price of wheat and other
commodities continue to dog the bakery firm.
Bemis food packaging sales fall on weaker US economy
US flexible packaging maker Bemis reported a 3 per cent fall in
sales for 2007, largely due to weaker consumer demand for packaged
food in its core market.
Glanbia predicts another milk price rise
Consumers look likely to bear the brunt of further hikes in milk
prices, as Glanbia consumer foods boss Colin Gordon warns that his
company can carry raw material costs no longer.
Premier Foods defies bakery price challenge
UK-based Premier Foods had an organic sales gain of three per cent
in the four months to the end of October and said its is on
course to meet its market forecast for the full year.