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Dated: 29 August 2008
Kerry’s ingredients and flavors global technology platforms have reported an increase in total sales revenue by 7.8% on a like-for-like basis to 1,656 million euros ($2,450 million).
Trading profit grew by 8.9% on a like-for-like basis to 134 million euros ($198 million).
Against a background of substantial input cost inflation, the division’s trading margin was maintained at 8.1% due to the success of regional cost recovery and business efficiency programmes.
The company has started work program to re-align the group’s ingredients, bio-science, sweet and fruit ingredients and flavours businesses into one Kerry Ingredients & Flavours division in line with Kerry’s ‘go-to-market’ strategy.
The program is being implemented on a regional basis in the Americas region, Europe, the Middle East and Africa (EMEA) region and Asia-Pacific region.
Meanwhile, the Asia-Pacific ingredients and flavours reported an increase in sales revenue to 239 million euros, reflecting like-for-like growth of 20.3%.
Nutritional applications have exhibited double digit growth in Asian markets in particular in China.
Culinary and yeast technologies continue to benefit from increased consumption of convenience foods.
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(4 December 2008)
D.D. Williamson introduces its organic burnt sugar to the European market. Organic applications include flavourings, baked goods, dessert toppings, sauces, spirits, coffee drinks, ...
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(2 December 2008)
Givaudan says it has surveyed some 7,300 consumers in 14 countries and observed home-cooking at first-hand, translating their needs and preferences into a sensory language to help ...
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(21 November 2008)
Global integrated supply chain manager of agricultural products and food ingredients Olam International says it will acquire the sugar milling complex from Giridharilal Sugar and A...
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(21 November 2008)
Burcon NutraScience Corp says it has developed a soy protein isolate called Clarisoy. It is 100% soluble and transparent in acidic solutions, enabling applications down to pH 2.5. ...
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(20 November 2008)
Solae unveiled a new study today at the 8th International Symposium on the role of soy in health promotion and chronic disease prevention and treatment in Japan last week. A new me...
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(20 November 2008)
Galaxy Nutritional Foods, a developer and marketer of cheese alternatives, organic dairy and other organic and natural food products, has reported net income of $195,878, or $0.01 ...
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(19 November 2008)
Senomyx and Firmenich say they have entered into a collaborative commercialization and license agreement for S2383, Senomyx’s enhancer of the high-intensity sweetener sucralose. Du...
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(19 November 2008)
Barry Callebaut says it has successfully continued its dynamic growth in fiscal year 2007/08 ended August 31, 2008. Sales volumes rose 10.1% to 1,166,007 tonnes, driven by addition...
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Unilever's top executives had to baracade themselves in a private dining room at the Taj Mahal hotel in Mumbai last week to prevent themselves from being shot at by terrorists. They then had to smash a window and make a dramatic escape, according to a report in The Times.
A year after unveiling its e-commerce site, Meijer will now begin offering grocery and dry good items bought in bulk from www.meijer.com. Unlike existing online grocery services that charge a delivery fee, Meijer will offer free shipping for orders of US$150 and more.
Tesco's like-for-like sales, excluding petrol, rose by just two per cent rise in the UK for the third quarter, the lowest rise in growth since 1993. However, total group sales rose 11.7 per cent
thanks to strong international performance.
Carrefour will be opening two new stores in Romania. The French retailer entered the supermarket segment in the country by acquiring the 21-store Artima chain last year for €55 million. By the end of this year, 20 Artima stores will be rebranded as Carrefour Express.
Ten Russian food retail companies have asked state banks for a total of €1.4 billion in loans to help survive the global financial crisis. The companies include X5 Retail Group, Magnit, Dixy and Seventh Continent, as well as smaller rivals Lenta, Kopeika, O'key, Holiday, Mosmart and Victoria.
The Rewe Group has been given the go-ahead to takeover 328 Plus stores from Tengelmann in Germany. The German anti-trust body, Bundeskartellamt, has unconditionally approved the acquisition by the country's second-largest food retailer.
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