Despite a slump in 2011 net profits, Crown Holdings chairman and CEO John Conway said new beverage can lines in “promising emerging markets” such as Brazil, Vietnam and China boosted the company’s fourth quarter (Q4) and full-year trading performance.
Frutarom’s double-digit growth in Q2 is due to accelerated growth in specialty fine ingredients and excellent flavours sales, says the firm, which has a rapid growth strategy in place.
The global economic crisis will yield rich pickings for food firms with a strong capital structure. So believes Frutarom, which has reported another quarter of impressive growth figures on the back of its most recent acquisitions splurge.
Frutarom is ready to start casting about for new acquisitions in the second half of 2008, after another strong quarter in which it reaped the benefits of the seven businesses it acquired in 2007.
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.
Disposals and currency exchange rates pushed down full-year sales
at Nestlé, the world's biggest food producer, but the decline had
no impact on profitability, which grew by a healthy 8.1 per cent
during 2004. IN order to stay...
Strong brands such as Campari, SKYY and Cinzano helped Italian
drinks group Davide Campari increase its sales in the first half of
2003 even after the negative effect of currency translation.
Carlsberg's first half sales were down 7 per cent compared to the
previous year, mainly as a result of the impact of exchange rates
at its fast-growing subsidiary Baltic Beverages Holding.
