News for the baking industry
Burlington / VT. (be) Marking 17 consecutive quarters of growth, Bruegger´s Enterprises Inc. announced second quarter system-wide gross sales of 46,14 million USD; a 11,3 percent rise over 41,46 million USD for the same period in 2007.
Kolkata / IN. (bi) Britannia Industries Ltd. one of India´s leading food companies and the subcontinent´s largest biscuit maker, reported sales of 6’933 MM Rupees for the quarter ended 30th June 2008, a growth of 20,2 percent.
Helsinki / FI. (fg) An Extraordinary Meeting of Cloetta Fazer held some days ago resolved to amend the company´s Articles of Association through a change in the company´s financial year to henceforth cover the period from 01 September to 31 August.
Madrid / ES. (epg) Ebro Puleva Group chalked up a net profit of 78,6 million EUR in the first half of 2008, 60 percent more than in the same period of 2007. The net turnover rose 13 percent year on year to 1’446 million EUR.
Toronto / CA. (gwf) Food producer and Loblaw parent George Weston Limited reported an 8,5 percent drop in Q2 profit and warned of continued impact from rising commodity prices.
St. Louis / MO. (rh) Ralcorp Holdings Inc. announced results for the quarter ended June 30, 2008 and reaffirmed its forecast for the fiscal year ending September 30, 2008.
Northfield / IL. (kf) Kraft Foods Inc. reported strong second quarter 2008 results that reflect continued momentum as it reached the midpoint of its three-year turnaround plan. Organic top-line growth was strong, driven by pricing actions to offset significantly higher input costs.
Little Chute / WI. (kpc) Kraft Pizza Company broke ground for the expansion of its manufacturing plant in Little Chute, Wisconsin (USA). The pizza plant will add 100’000 square feet. A new pizza crust bakery line and assembly line will be installed, enabling a significant increase in production capacity.
Mexico City / MX. (gb) Grupo Bimbo S.A.B. de C.V., the world´s No. 3 bread maker said in Q2/2008 profit rose 4,2 percent as price increases offset record flour costs and acquisitions drove sales higher. Net income climbed to 819 million MXN.
Washington / DC. (aafe) The «Alliance for Abundant Food + Energy» brings together a broad group of visionary companies and organizations committed to sustainably and responsibly improving diets and reducing dependence on fossil fuels through increased agricultural productivity worldwide …
