News for the baking industry
Madrid / ES. (epg) The Spanish Ebro Puleva Group posted a turnover of 2’165 million EUR in the first nine months of 2008, 10,8 percent more than in the same period of 2007. Its net profit was 92,7 million EUR, up 60 percent year on year.
Kolkata / IN. (bi) Britannia Industries Ltd., one of India´s leading food companies, reported sales of 83,86 billion INR for the quarter ended 30th September, a growth of 27,3 percent.
Dubai / UAE. (km) The biggest international sweet and confectionery manufacturers, looking to expand operations in the lucrative Asian, Middle Eastern and Far Eastern markets, will participate at the region´s leading trade exhibition for the sweets, confectionery, bakery, snack food and ice cream industry.
Moscow / RU. (apk) Russian Grain Union and IA «APK-Inform» continue their work for organization of the second international conference «Grain of Russia – 2008», to take place in the middle of December in Rostov-on-Don, Russia.
Paterson / NJ. (kf) Palmer Township Planning Commission approved plans for Kontos Foods Inc. to establish a 17’000-square-foot bakery in Palmer Industrial Park.
Downers Grove / IL. (slc) Sara Lee Corporation filed a Form 8-K to restate annual business results for FY 2007 and FY 2008 as well as quarterly results for FY 2008 to reflect two accounting changes.
Northfield / IL. (kf) Kraft Foods Inc. reported third-quarter 2008 results that reflected continued improvement in business fundamentals as the company executes its three-year turnaround plan. Strong organic net revenue growth was driven by pricing actions to offset significantly higher input costs.
Battle Creek / MG. (kc) Kellogg Company reported third-quarter 2008 sales growth of nine percent and earnings per share growth of 17 percent driven by strong underlying business momentum.
Toronto / CA. (cb) Canada Bread announced its financial results for the third quarter ended September 30, 2008. «Earnings strengthened as commodity markets began to decline late in the quarter and we benefited from significant capital investments that have lowered our operating costs», said Richard Lan, President and CEO of Canada Bread Company Limited.
Purchase / NY. (bw) PepsiCo Inc. announced an agreement to acquire Spitz International Inc., the leading maker of sunflower and pumpkin seeds in Canada. Upon completion of the acquisition Spitz will continue its Canadian operations and will report directly to Frito-Lay North America, a Pepsi foods division based in Plano.
