News for the baking industry
Uzwil / CH. (btg) Buhler Technology Group has once again grown markedly in its fiscal 2010. Order intake increased 21 percent to 2’160 million CHF, sales revenue (turnover) eleven percent to 1’907 million CHF, and operating profits (Ebit) to 10,6 percent of total sales.
Decatur / IL. (adm) Archer Daniels Midland Company will expand three grain facilities. Elevators in Novelty and Center (MO) will triple their storage capacity, while a barge loading terminal in Quincy (IL) will add grain storage and improve receiving efficiencies.
Madrid / ES. (epg) Spanish Ebro Foods posted a net profit of 389 million EUR in 2010, 120 percent more than in 2009. Year-on-year growth in operating profit was also impressive; eleven percent in Ebitda or gross operating profit to 271,5 million EUR.
Liverpool / UK. (rgf) Real Good Food Company PLC announced its preliminary results 2010. «All four businesses have made substantial progress», said Chairman Pieter Totté. Haydens Bakeries has continued to grow its sales while also progressing its restructuring plan.
Minneapolis / MN. (cg) Cargill Inc. announced that it signed an agreement with Marico Limited to acquire its refined sunflower oil brand Sweekar. The scope of the acquisition is limited to the product brand only. This not only strengthens Cargill´s existing portfolio …
Leeds / UK. (dwb) British David Wood Baking Group has bought the property and equipment of a site in Dudley, West Midlands, from Apetito UK. The company had acquired Butcher + Baker Foods – suppliers of frozen pies and pastries to wholesalers – in 2003.
Vevey / CH. (nag) Nestle S.A. announced an investment of 85 million TRY in a new breakfast cereals factory in Turkey. The 9’400 square-metre factory – which will begin production of breakfast cereals by the end of the year – is set to generate 160 new jobs.
Moscow / RU. (ami) Russia will not cancel the grain export ban until the end of September. To date, the effective and opportune realizing of the spring grain sowing works throughout the areas of 50 million hectares is the main task of the country …
Canton / MA. (db) Dunkin´ Brands Inc. reported results for the year ended December 25, 2010. Global system-wide sales were approximately 7,7 billion USD compared to 7,2 billion USD for fiscal 2009, representing a seven percent year-over-year increase.
Lakewood / CO. (enr) Einstein Noah Restaurant Group announced the appointment of Brian Unger as Executive Vice President of Operations and Mike Ellis as Executive Vice President of Franchise and Restaurant Development, effective immediately.
