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  21/08/2019 | Ingredients

Hochdorf Group has to realign itself

Food company Hochdorf is facing a serious crisis. SP

Food company Hochdorf is facing a serious crisis. It performed significantly worse than expected in the reporting period, which was mainly due to the negative performance of its 51 % subsidiary Pharmalys, resulting in a massive fall in profits. The reassessment of business risks at Pharmalys also meant that considerable debt provisions had to be made. Combined with additional value adjustments that had become necessary, this resulted in total a company loss of CHF -63.6 m.

The newly formed board of directors and the senior management team are working intensively to restructure and realign the group. Hochdorf’s future can be secured if the steps announced recently are implemented quickly and consistently, alongside the debt restructuring measures that have been introduced.

www.hochdorf.com

 
 
  15/08/2019 | Packaging

Bosch Packaging: commitment to sustainable food packaging

Although environmental awareness is increasing among the general public, Greenpeace reports that around 12.7 m tons of plastic waste still end up in the oceans each year, with rising tendency. SP

Although environmental awareness is increasing among the general public, Greenpeace reports that around 12.7 m tons of plastic waste still end up in the oceans each year, with rising tendency. At the same time, however, regulatory changes, initiatives and altering consumer behaviour are leading to increased efforts towards more sustainable packaging and environmentally friendly manufacturing processes. Bosch Packaging Technology has been contributing its expertise in various consortia for many years. One of them is EIT Food, Europe’s leading food innovation initiative, that is aiming to make the food system more sustainable, healthy and trusted by consumers.

The 50 EIT Food partners are working in various projects alongside start-ups and innovation leaders to develop new concepts for a more sustainable food industry. A closer look at refrigerated shelves or into confectionery departments of supermarkets shows that paper-based packaging has the potential of standing out from competing products.

The EIT Food project “inPaper”, led by Matthias Klauser, is developing paper-based trays for confectionery and refrigerated products, which meet all barrier requirements while significantly reducing the use of fossil raw materials compared to conventional packaging solutions. The concept phase has already been completed and the first consumer surveys have been carried out. Currently, the project partners are working on technically implementing the requirements of manufacturers, retailers and consumers. In parallel, Bosch Packaging Technology is working on a machine for three-dimensional paper forming.

www.boschpackaging.com www.eitfood.com

 
 
  13/08/2019 | Ingredients

Prinova expands into Asia-Pacific with new subsidiary in Australia

Global ingredients and premix supplier Prinova has expanded into the Asia-Pacific market with the establishment of an entity in Australia. SP

Global ingredients and premix supplier Prinova has expanded into the Asia-Pacific market with the establishment of an entity in Australia. The new subsidiary of Prinova Europe Ltd will serve customers in Australia and New Zealand. It comes in direct response to demand from global clients seeking production support in APAC and follows Prinova’s considerable success in EMEA and North America.

Australia and New Zealand (ANZ) have experienced significant growth in the Food & Beverage market. The fastest growing segments are supplements, dairy and sport nutrition. In these categories, Prinova can offer straights, premixes and concepts with a sales person located in Sydney. The new operation will help the company supply ANZ markets with bespoke nutritional premixes from its China facility, with over 2,000 ingredients in categories ranging from vitamins and amino acids to essential oils and aroma chemicals supported by warehouses in ANZ.

www.prinovaeurope.com/

 
 
  12/08/2019 | Ingredients

Kerry Group issues half year results

Irish dairy cooperative Kerry Group has issued its financial results for the half year ended 30 June 2019. SP

Irish dairy cooperative Kerry Group has issued its financial results for the half year ended 30 June 2019. The company’s nutrition and wellbeing technology portfolio exhibited a strong performance in the period, as demand for products with nutritional attributes was noted to have accelerated across the globe.

Growth was observed in customized solutions incorporating in particular Kerry’s fermented ingredients, broad protein portfolio, probiotics, fibre systems, botanicals and natural extracts. During the period, the group completed three acquisitions at a total cost of EUR 327.2 m including Ariake U.S.A. and Southeastern Mills’ North American coatings and seasonings business (SEM).

Developing market growth was reported at 9.1 %, with Asia Pacific Middle East and Africa (APMEA) developing markets being the main driver. In June, the group officially inaugurated a state-of-the-art EUR 20 m production facility in India, marking its fourth significant investment in the country.

Revenue increased by 10.7 % to EUR 3.6 bn, reflecting volume growth of 3.3 %, neutral pricing, contribution from acquisitions of 4.7 %, and a favourable translation currency impact of 2.7 %. Foodservice exhibited a growth of 5.3 %.

www.kerrygroup.com

 
 
  08/08/2019 | Ingredients, ZDS

ZDS: new congress “Plant-based Sweets”

Plant-based food has gone mainstream, and consumers demand more choice, better quality and more sustainable products. SP

Plant-based food has gone mainstream, and consumers demand more choice, better quality and more sustainable products. Yet, food manufacturers face challenges: removing animal ingredients affects texture, taste, processability and nutrition of the final product.

At the new congress “Plant-based Solutions” in the series “Future of Confectionery”, which will take place from 29 to 30 October 2019 in Solingen/Germany, the Central College of the German Confectionery Industry ZDS has set as its goal to give confectionery producers a critical and informative evaluation of the important plant-based raw materials and their processing. Within this framework, the technological main focus of current developments, substitution concepts for animal-based ingredients and the future chances of these sweets will be presented.

www.zds-solingen.de

 
 
  08/08/2019 | Industry, International

Symrise achieves strong revenue growth in the first half of the year

Symrise continued its dynamic business development in the first half of 2019. According to the company, all segments benefited from higher customer demand and realized a pleasing increase in sales. SG SP

Symrise continued its dynamic business development in the first half of 2019. According to the company, all segments benefited from higher customer demand and realized a pleasing increase in sales. Across the Group, Symrise increased organic sales in the first half of the year by 6.2%. Accounting for currency translation effects, Group sales increased by an impressive 7.4% to € 1.692 bn (H1 2018: € 1.576 bn).

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 342 m and therefore was up 7.7% over the previous year’s level (H1 2018: € 317 m). Adjusted for the one-time effects related to the planned acquisition of ADF/IDF, EBITDA(N) amounted to € 351 m, exceeding the previous year’s figure by € 34 m.

The profitability of the Group remained at a high level with an EBITDA(N) margin of 20.8% (H1 2018: 20.1%). As a result of the new IFRS 16 standard, EBITDA(N) increased by € 9.8 m in the first half of 2019. The normalized net income for the period of € 153 m exceeded the previous year’s level by 7.8% (H1 2018: € 142 m).

www.symrise.com

 
 
  07/08/2019 | Packaging, Particulars

Dr Jan Klingele becomes First Vice Chairman of the global association for the corrugated board industry ICCA

Dr Jan Klingele, Managing Partner of the Klingele Group, has been appointed First Vice Chairman of the International Corrugated Case Association (ICCA). SP

Dr Jan Klingele, Managing Partner of the Klingele Group, has been appointed First Vice Chairman of the International Corrugated Case Association (ICCA). The Klingele Group is one of the leading independent manufacturers of corrugated base paper and packaging made of corrugated board. The ICCA is the global association for the corrugated board industry. Its goal is primarily to promote public awareness of the industry, represent its concerns and support the activities of its members. These include international global players in the industry, but also national and supranational associations, such as the European Federation of Corrugated Board Manufacturers (FEFCO), whose Chairman is Dr Jan Klingele.

As the newly elected Vice Chairman, Dr Klingele wants to particularly encourage an exchange on best practices between members and external experts, identify common issues and derive an action plan from this. He also wants to support the members of the association in positioning the corrugated board industry as a solution provider for environmental and climate protection.

Dr Klingele is convinced that there couldn’t be any better time for this than at present: “Some of the dramatic pictures of the plastic waste in the world’s oceans have brought about a change in awareness in politics, business and society.” When looking for solutions, the corrugated board industry is predestined to take on an important role: “Corrugated board is 100 percent recyclable, complies with the highest hygiene and environmental standards and, as a packaging material, is simply the best recyclable product”, Dr Klingele explains.

www.iccanet.org www.klingele.com

 
 
  05/08/2019 | Ingredients

Uelzena publishes online sustainability report 2018

The Uelzena Group has published its sustainability report 2018 titled “Basis for the future: sustainable investments”. SP

The Uelzena Group has published its sustainability report 2018 titled “Basis for the future: sustainable investments”. As in previous years, the report focuses on the five fields of action, namely company, products, production, employees and regional responsibility and includes a description of progress, measures taken and the most important successes as well as relevant facts and data.

Key topics of the 2018 report are the considerable investments into new production plants and the technical modernization efforts scheduled over the next few years. At EUR 120 m, these investments are amongst the largest package of measures in the history of the group. The new high-bay warehouse, the new filter and the reconstruction of tower no. 5 are only part of the technical upgrading and modernization projects. With these investments, Uelzena is emphasizing its cooperative mission as a reliable milk customer in the regions while also increasing its efficiency for its customers.

www.uelzena.de

 
 
  02/08/2019 | Trade, Trends

Nielsen confectionery monitor: solid increase in the first half-year

German retail confectionery sales developed positively in the first half-year of 2019. According to the figures from the Nielsen confectionery monitor, revenues stood at € 6.959 bn indicating an increase of 2.6%, while sales volume through calendar week 26 rose by 1.3% up to 838,116 tonnes (basis: food retailers + drug stores + impulse channels + gas station shops + department stores). SG

German retail confectionery sales developed positively in the first half-year of 2019. According to the figures from the Nielsen confectionery monitor, revenues stood at € 6.959 bn indicating an increase of 2.6%, while sales volume through calendar week 26 rose by 1.3% up to 838,116 tonnes (basis: food retailers + drug stores + impulse channels + gas station shops + department stores). The earnings achieved with year-round articles of € 6.323 bn were 2.9% above the previous year’s value, with accompanying sales quantity of 786,247 tonnes (+ 1.6%). Revenues for seasonal products stood at € 635.7 m, a slight increase of only 0.2% (sales volume - 2.6%; 51,870 t).
The highest percentage rate increases once again came from the category salty snacks with revenues of € 1.613 bn (+ 7.6%) and sales volume of 202,324 tonnes (+ 3.3%). Revenues were driven by the partial segments of premium nuts (+ 16.8%), snack specialities (+ 16.1%), peanut flips (+ 13.1%), tortillas (+ 18.3%) and popcorn (+ 22.5%).

The largest product group, chocolate goods, achieved an increase in revenues of 1.4% up to € 3.252 bn (sales volume + 0.8%; 308,748 t) with significant revenue growth among praline-like products (+ 8.0%), tablets up to 100 grams (+ 5.7%) and other bars (+ 34.7%). The baked goods category enjoyed above-average development with an increase in revenues of 4.0% up to € 810.6 m (sales volume + 0.9%; 143,805 t), driven by a strong increase in earnings in the segments of other baked goods without chocolate (+ 11.3%), wafers without chocolate (+ 32.4%), seasonal baked goods (+ 11.7%) and shortbread (+ 18.7%). Sugar confectionery suppliers suffered a mild loss in revenues of 1.1% down to € 1.282 bn (sales volume + 0.4%; 183,239 t). Revenues only grew in the largest segment of fruit and wine gum/marshmallow/liquorice (+ 1.1%).

Revenue development in the individual sales channels revealed notable profits in small consumer markets (+ 6.2%), drug stores (+ 4.0%) and large consumer markets (+ 3.5%), with only small supermarkets falling under the previous year’s level (- 6.8%).

www.nielsen.com/de

 
 
  02/08/2019 | Packaging, Particulars, Technology

Multivac uses new managing directors for the acquired Fritsch Group

With effect from 1 August 2019, Multivac is entrusting the management of the recently acquired Fritsch Group to two experienced executives, Andreas Eyd and Frank Gabriel. SP

With effect from 1 August 2019, Multivac is entrusting the management of the recently acquired Fritsch Group to two experienced executives, Andreas Eyd and Frank Gabriel. With this move, Multivac is setting a course for the positive and sustainable business development of this leading manufacturer of bakery equipment as well as rapidly driving forward its integration into the Multivac Group. Andreas Eyd will be responsible for the sales management of the company, while Frank Gabriel will be responsible for its technical leadership. Together with the existing managers, the new management duo will direct and develop the Fritsch Group as a stand-alone business.

Before he arrived at Multivac, Andreas Eyd worked in various management functions, including CEO, within the printing industry and the refrigeration sector. Since July 2017, he has occupied the position of Vice President of Sales & Operations for Central Europe, Africa and the Middle East as well as for Australia and New Zealand. He will continue until further notice in this position in addition to taking up his new duties.

Frank Gabriel has been at Multivac since September 2011, most recently as CEO of the company’s Spanish production company. Prior to this, he was responsible for international production projects at the packaging machine manufacturer’s Group headquarters.

Frank Gabriel’s successor in Spain, Txus Baquero, took up his new position on 1 August 2019 and, since he has been Production Manager at Multivac Spain since 2011, he is already well-rooted in this branch of the company. He is the first Spanish CEO, whom the company has appointed for its subsidiary in Spain.

www.multivac.com www.fritsch-group.com

 
 
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