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  17/11/2017 | Industry, International

Barry Callebaut signs unique deforestation free cocoa commitment

In the wake of the climate discussions in Bonn, the leading cocoa and chocolate companies signed together with the Ivorian and Ghanaian governments the Frameworks for Action of the Cocoa and Forest Initiative on 16 November. SG SP

In the wake of the climate discussions in Bonn, the leading cocoa and chocolate companies signed together with the Ivorian and Ghanaian governments the Frameworks for Action of the Cocoa and Forest Initiative on 16 November. The goal of these frameworks? To eradicate deforestation from the cocoa supply chain in West-Africa. Barry Callebaut was one of the leading companies driving the final agreement of the framework. The frameworks for action are truly unique, as there is no other commodity for which governments, industry and NGOs have come together to agree on concrete measures to eradicate deforestation. Pablo Perversi, Barry Callebaut’s Chief Innovation and Quality Officer, joined the signing of Framework Agreements.

The frameworks include an end to the conversion of any forest land for cocoa production, a moratorium on the direct sourcing of cocoa from national parks and reserves per 1 January 2018 and the development of an action plan by signatory companies and governments to eliminate cocoa production and sourcing from National Parks and Reserves.

In addition, the framework also foresees in the development of alternative livelihoods for affected farmers. Many cocoa farmers have been farming for years in the forests, so alternative livelihoods have to be found for this group of farmers. Deforestation is as much a social problem in West-Africa, as it is an environmental problem.

www.barry-callebaut.com

 
 
  17/11/2017 | Trade, Industry, International, Trade Fair

Anuga FoodTec 2018 expects to set new exhibitor record

Anuga FoodTec, the leading international supplier fair for the food and beverage industry, is opening its doors from 20 to 23 March 2018. SG SP

Anuga FoodTec, the leading international supplier fair for the food and beverage industry, is opening its doors from 20 to 23 March 2018. Around 1,700 exhibitors are expected in the Cologne exhibition halls. “Anuga FoodTec will continue its success story,” says Katharina C. Hamma, Chief Operating Officer of Koelnmesse GmbH. “We are once again forecasting a +13% increase in the number of exhibitors compared to the previous event. As such, as the only trade fair worldwide, Anuga FoodTec covers all aspects of the food production and will convince in the coming year even more than ever due to its enormous variety of offers and quality”.

In line with the high demand on the exhibitor side, Anuga FoodTec is again increasing its exhibition space in 2018 up to 140,000 square metres (+ 8%) and is being staged in Halls 4.2, 5.2, 6 to 9, 10.1 and, for the first time, additionally in Hall 10.2. The trade fair is also presenting itself in good form in terms of its degree of internationality: Companies from more than 50 countries will be presenting their new products in Cologne. In addition to the comprehensive product show, which encompasses large-surface live presentations, a wide-ranging congress and event programme also awaits the trade visitors again. The top theme of Anuga FoodTec 2018 is Resource Efficiency.

www.anugafoodtec.de

 
 
  16/11/2017 | Packaging

Bosch Packaging wins German Design Award 2018

The Sigpack VPF (Vertical Platform for Flat Pouches) from Bosch Packaging Technology, the first freely scalable flat pouch machine, has been honoured with the German Design Award 2018 in the Excellent Product Design category. SP

The Sigpack VPF (Vertical Platform for Flat Pouches) from Bosch Packaging Technology, the first freely scalable flat pouch machine, has been honoured with the German Design Award 2018 in the Excellent Product Design category. The German Design Council presents the prestigious award on an annual basis. With this award a high-profile international jury honours innovative products and projects, as well as their producers and designers. The German Design Award is the second prestigious accolade for the Sigpack VPF following the German Packaging Award in 2016.

The Sigpack VPF represents an innovative concept for the filling of flat pouches with powder products such as sugar: The equipment stands out because it breaks new ground in terms of flexibility. Manufacturers from the food and pharma industries will be able to scale production from two to twelve lines and/or to change pouch sizes quickly in order to meet current market demands. A further benefit of the Sigpack VPF is its innovative dosing system, whereby each line has its own dosing chamber and its own stock of product. This means, for example, that two products can be filled on the same machine at the same time.

www.boschpackaging.com

 
 
  15/11/2017 | Packaging, Association

FFI: folding carton industry reports autumn upturn

Following the first half of 2017, when the figures recorded in all end-use segments were slightly lower than in the previous year, a considerable increase in order intake in the folding carton industry is leading to a substantial upturn in business during the autumn. SP

Following the first half of 2017, when the figures recorded in all end-use segments were slightly lower than in the previous year, a considerable increase in order intake in the folding carton industry is leading to a substantial upturn in business during the autumn. According to FFI – Fachverband Faltschachtel-Industrie e.V., this is particularly true of food/general packaging, which is a large-volume segment. The pharmaceuticals, cosmetics and confectionery segments, on the other hand, have consistently reached the same levels as in the previous year over the three quarters so far and have in addition guaranteed high capacity utilization levels in folding carton production.

The major markets neighbouring Germany to the West, South and East have succeeded in achieving even larger production growth up to now. In view of the existing manufacturing capacities for folding carton board based on virgin fibre, an “order situation” that continues to be “good” and high capacity utilization levels experienced by board manufacturers, increases in demand in other European markets have meant that the lead times quoted to German folding carton manufacturers for virgin fibre grades have extended considerably in the recent past.

At the same time, monitoring of key factor markets for folding carton production and board manufacturing indicates rising raw material prices. Folding carton manufacturers are facing peak raw material prices and delivery bottlenecks with other important materials (printing inks and lacquers) too. This is combined with a shortage of freight capacity in both long- and short-distance transport, which is also having an adverse impact on delivery times and costs in the supply chain. According to the forecasts, the processors of paper and board are anticipating good to growing production and positive ongoing business development in the next few months as well, since it is expected that consumers will continue to be willing to spend and that consumer confidence will remain high – thanks in part to the fact that the economy is still developing well.

www.ffi.de www.inspiration-verpackung.de

 
 
  09/11/2017 | Ingredients

Symrise continues growth track at accelerated pace

Symrise AG accelerated its growth course in the third quarter, achieving overall a considerable increase in sales and earnings for the nine-month period. SG SP

Symrise AG accelerated its growth course in the third quarter, achieving overall a considerable increase in sales and earnings for the nine-month period. This positive trend was driven by strong demand across all segments. Symrise increased its sales organically by 6.5% in the first nine months of the year. Organic growth was particularly dynamic in the third quarter with a plus of 9.1%. Taking into account portfolio and exchange rate effects, sales in the first nine months of the year were up 3.9% to € 2.278 bn (9 M 2016: € 2.192 bn). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 485.2 m (EBITDAN 9 M 2016: € 480.3 m). With an EBITDA margin of 213 %, profitability remained high (EBITDAN margin 9 M 2016: 21.9%).

“We continued our growth initiatives in the third quarter, which led to a successfully expanded market position,” said Dr Heinz-Jürgen Bertram, CEO of Symrise AG. “We consider the strong sales growth as a result of our unique positioning. The targeted investments into the product portfolio, research and development and new markets support our strategy. We are confidently looking ahead to the remaining weeks of the year. Our guidance for 2017 remains in place and we also confirm our long-term targets. We are committed to continue as one of the fastest-growing companies in the industry and to operate highly profitable.”

www.symrise.com

 
 
  08/11/2017 | Industry, International

The Hershey Company debuts its fourth flavour “Hershey`s Gold”

The Hershey Company has announced the official launch of Hershey’s Gold bars, the fourth flavour in the history of the iconic brand. SG

The Hershey Company has announced the official launch of Hershey’s Gold bars, the fourth flavour in the history of the iconic brand. Its launch date was in celebration of the brand’s official sponsorship of the United States Olympic Committee (USOC) and the significance of marking the 100-Day countdown to the PyeongChang 2018 Olympic Winter Games. For the fourth time in the company’s history, Hershey was announcing a new flavour to their namesake portfolio, Hershey’s Gold.

The new bars are a caramelized creme that feature salty peanut and pretzel bits to give consumers a sweet, buttery taste that is topped off with a creamy and crunchy finish. Hershey’s flavour history began in 1900 with the launch of its iconic milk chocolate bar, followed by Hershey’s Special Dark chocolate in 1939. It wasn’t until 1995, 56 years later, that the company introduced Hershey’s Cookies ‘n Creme. Now in 2017, the iconic Hershey’s brand launched Hershey’s Gold, the first mass-market, golden creme confection in the US.

“The buttery, sweet taste of Hershey’s Gold bars provides an entirely new way for consumers to enjoy our brand,” said Melinda Lewis, senior director/general manager, Hershey’s Franchise at The Hershey Company. “We use a proprietary cooking process to transform the white creme into a golden bar by caramelizing the creme, which helps maintain a sweet, creamy taste. The launch of Hershey’s Gold will introduce Americans to a new flavour and a new experience unlike any others before.”

www.thehersheycompany.com

 
 
  08/11/2017 | Industry, International

Remco J. Steenbergen succeeds Victor Balli as CFO of Barry Callebaut

After serving as Chief Financial Officer of the Barry Callebaut Group since February 2007, Victor Balli (born 1957) has decided to retire from his executive function effective February 28, 2018. The Board of Directors has appointed Remco J. Steenbergen (born 1968, Dutch national) as new CFO and member of the Executive Committee effective March 1, 2018. SG SP

After serving as Chief Financial Officer of the Barry Callebaut Group since February 2007, Victor Balli (born 1957) has decided to retire from his executive function effective February 28, 2018. The Board of Directors has appointed Remco J. Steenbergen (born 1968, Dutch national) as new CFO and member of the Executive Committee effective March 1, 2018. Balli will ensure a smooth handover to Steenbergen who will join the company on January 1, 2018. Steenbergen joins Barry Callebaut from Royal Philips, a focused leader in health technology with annual sales of € 17 bn (2016), where he has served as Executive Vice President and CFO HealthTech Businesses, Innovation & Group Functions since 2015. Trained as a Registered Accountant and also holding an MBA, Steenbergen brings to Barry Callebaut extensive experience in driving value creation, business transformation, leading and shaping Finance teams, improving business processes and systems, performing acquisitions, strategic planning, performance management and reporting.

The Board of Directors and the Executive Committee express their gratitude to Victor Balli for his valuable contribution over a period of eleven highly successful years during which Barry Callebaut has become the global leader in cocoa and chocolate.

www.barry-callebaut.com

 
 
  08/11/2017 | Industry, International

Barry Callebaut: sales volume significantly above the market growth

The Barry Callebaut Group increased its sales volume by 4.4% to 1.914 m tonnes in fiscal year 2016/17 (ended August 31, 2017), which is well above the global confectionery market growth rate of 0.1% (source: Nielsen, August 2016 to September 2017 – 26 countries). SG SP

The Barry Callebaut Group increased its sales volume by 4.4% to 1.914 m tonnes in fiscal year 2016/17 (ended August 31, 2017), which is well above the global confectionery market growth rate of 0.1% (source: Nielsen, August 2016 to September 2017 – 26 countries). According to the company, the fourth quarter saw an acceleration to 9.2%. The good momentum was supported by all key growth drivers: Gourmet & Specialties (+ 9.7%), Outsourcing (+ 9.3%) and Emerging Markets (+ 5.9%), further helped by an improved market environment. The intentional phase-out of less profitable cocoa contracts, amounting to 50,000-60,000 tonnes overall, was completed; sales volume growth in Global Cocoa for the year was 0.4%. At the same time, the Chocolate business grew by 5.6% with a strong performance in all regions.

Sales revenue was up 1.2% in local currencies (+ 1.9% in CHF) to CHF 6.805 bn, as a result of a good product mix, offset by lower cocoa bean and cocoa product prices. Gross profit increased by 14.6% in local currencies (+ 14.3% in CHF) and came in at CHF 986.7 m, mainly driven by volume growth, the product and customer mix, as well as the restored profitability of the Global Cocoa business.

Operating profit (EBIT) significantly increased by 22.3% in local currencies (+ 21.5% in CHF) and amounted to CHF 488.2 m. Recurring operating profit, excluding a one-off effect of CHF 18.1 m from acquisitions, increased by 17.8% in local currencies (+ 17.0% in CHF) to CHF 470.1 m. Overall, the Group’s recurring EBIT per tonne, excluding one-off effects from acquisitions, was at CHF 245.6, an increase of 12.9% in local currencies (+ 12.1% in CHF). Net profit for the year increased by 39.6% in local currencies to CHF 302.9 m (+ 38.3% in CHF). Recurring net profit increased by 31.3% in local currencies (+ 30.1% in CHF). According to Barry Callebaut, this is a reflection of the strong EBIT, a stable tax rate and lower financing costs.

www.barry-callebaut.com

 
 
  06/11/2017 | Ingredients, Particulars

Naturex announces new Chief Scientific Officer

Naturex, a global leader in natural specialty ingredients, strengthens its senior management team with the appointment of Sarah Martin as its new Chief Scientific Officer (CSO). SP

Naturex, a global leader in natural specialty ingredients, strengthens its senior management team with the appointment of Sarah Martin as its new Chief Scientific Officer (CSO). Ms Martin, who has a wealth of high-level experience in the food science and nutrition industry, joins Naturex’s Executive committee. Taking global responsibility for Naturex’s scientific and innovation programs, Ms Martin will operate out of the company’s corporate headquarters in Avignon/France.

Prior to joining Naturex as CSO, she worked for DuPont Nutrition Biosciences. Throughout her career, Ms Martin has held various leadership roles in The Dow Chemical Company, Solae and DuPont groups. Her lengthy industry experience has enabled her to develop expertise and leadership in areas such as processing technology, R&D, intellectual property and project management.

www.naturex.com

 
 
  02/11/2017 | Industry, International

Mondelez International: growth of revenue and income

Mondelez International, Inc. reported its third quarter 2017 results. Net revenues increased 2.1% to USD 6.53 bn. Organic net revenue increased 2.8%. SG

Mondelez International, Inc. reported its third quarter 2017 results. Net revenues increased 2.1% to USD 6.53 bn. Organic net revenue increased 2.8%. According to the company, operating income margin was 18.1%, up 710 basis points. Operating income in the third quarter was USD 1.18 bn (+ 68.2%). The US-company achieved a significant revenue growth in Europe (+ 4.7%) and Latin America (+ 4.6%).

"We're pleased with our improving revenue growth, driven by the strength of our Power Brands, continued momentum in emerging markets and Europe," said Irene Rosenfeld, Chairman and CEO. "We posted another quarter of strong expansion in operating income margin and earnings. We're making good progress on many of our key strategic initiatives and remain confident in our ability to deliver long-term, sustainable growth on both the top and bottom lines."

www.mondelezinternational.com

 
 
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