News for the baking industry
Miami / FL. (bk) Burger King Holdings Inc. delivered robust results for the fourth quarter of 2007 and with own words a record 2006/2007 fiscal year, driven by significant improvement across key business drivers – marketing, products, development and operations. Revenues, net income and earnings per share improved substantially over the prior periods.
Battle Creek / MG. (kc) Kellogg Company announces that Joel R. Wittenberg has been promoted to corporate vice president, Treasury and Investor Relations, effective immediately.
Minneapolis / MN. (cg) Cargill Inc. reports net earnings of 628 million USD in the fiscal 2007 fourth quarter ended May 31, up 75 percent from 358 million USD (1) in the same period a year ago. Results reflected increased earnings from operations as well as a decrease in income tax-related expenses. For the full fiscal year, Cargill earned 2,34 billion USD, a 36 percent increase from 1,73 billion USD (2) a year ago. Results reflected increased earnings from operations and decreased income tax-related expenses in the third and fourth quarters.
Washington DC. (ibie) The Bread Bakers Guild of America announced that Bread Bakers Guild Team USA 2008 will hold a public exhibition during the International Baking Industry Exposition (IBIE) at the Orange County Convention Center in Orlando, Florida.
Copenhagen / DK. (das) Owing to unusually warm and sunny weather in the spring, sugar beet was sown earlier than usual in the countries in which Danisco A/S carries on sugar production. A good start for the growth period combined with this summer´s heavy rainfall means that the sugar volume per hectare is at a record high.
Ghent / BE. (vg) The Vandemoortele Group announces that it takes over the Polish frozen bakery business of the Group Dossche, Gourmand Poland. The company with a turnover of three million Euro in Poland and a number of other Central European countries produces and sells frozen bakery products.
Windsor / UK. (bbc) British Bakeries Ltd. announces plans to cease all manufacturing and support services at its site in Bradford, which would result in 370 job losses. The company says the bakery would be converted into a depot facility.
Helsinki / FI. (nic) Wholegrain, rye and oat products are traditionally important in the Nordic diet and as Nordic export items. Interest in such products is increasing globally.
Espoo / FI. (hgw) Growing evidence for the important health benefits of whole grain consumption is emerging based on scientific research. But up to the present day there is limited understanding of the role of the possible protective constituents of whole grains in the reduction of risk of various diseases like cardiovascular disease or type 2 diabetes.
Nantes / FR. (en) Freshly baked breads with improvement of nutritional quality and low energy demanding for the benefit of the consumer and of the environment. This project aims at taking benefit of refrigeration to improve the availability for the consumer of fresh bread with enhanced quality.
