FDBusiness.com

Record Year For Heinz But Factory Closures Planned in Europe

 Breaking News
  • Nestlé Inaugurates New Nescafé Dolce Gusto Production in Vietnam Nestlé has inaugurated a new Nescafé Dolce Gusto capsule production line in Dong Nai Province, Vietnam. The site will process an expected 2,500 tons of coffee per year (equivalent to 130 million capsules), using high quality coffee beans from Vietnam. This volume is expected to increase in the coming years. The investment reflects Nestlé’s clear focus on high-growth, [...]...
  • Pink Lemonade Yogurt? Arla Brings Indulgence to New Markets Arla Foods is to expand its successful Finnish brand, Ihana, into new markets with the premium yogurt range being launched in Denmark and the UK. Meaning ‘wonderful’ in Finnish, Ihana was launched through an extensive brand launch in 2016 in Finland with an iconic new design. Indulgence is one of the few areas in growth within [...]...
  • Process Components Announces Kemutec Expansion into Netherlands Process Components has announced the expansion of subsidiary company Kemutec in Europe, with the long-established manufacturing brand opening a new office in the Netherlands. The move forms a key part of its global strategy to extend its global territories, significantly grow its revenues and create new jobs. Kemutec has more than three decades’ worth of heritage in [...]...
  • Packaging Automation Supports the Reduction in Plastic Packaging Waste With the launch of the UK Plastics Pact to address the impact plastic waste is having on the environment, retailers and manufacturers are more conscious of single use and non-recyclable plastics and want to cater for the green consumer. The industry is turning to various kinds of eco-friendly packaging with the aim of reducing plastic [...]...
  • Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in [...]...

Record Year For Heinz But Factory Closures Planned in Europe

Record Year For Heinz But Factory Closures Planned in Europe
May 27
11:26 2011

HJ Heinz has achieved record sales and net income of $10.7b and $990m respectively in its 2011 financial year, while completing key acquisitions in Brazil and China to accelerate its dynamic growth in emerging markets. The US-based food group increased sales by 2% and net income by 14.4%.

Emerging markets, which generated more than 16% of Heinz’s total sales in 2011, delivered 14.4% organic sales growth (12% reported). The company’s strong growth in emerging markets reflected record sales of: Heinz baby food in China, Complan and Glucon-D nutritional beverages in India, ABC soy and chili sauces in Indonesia, and Heinz Ketchup and baby food in Russia.

William. Johnson, chairman, president and chief executive of Heinz.

The company’s top 15 brands generated 3.8% organic sales growth (2.9% reported). Heinz global ketchup sales registered 3.8% organic growth (1.9% reported).

“Heinz delivered record sales, net income and cash flow in Fiscal 2011, fueled by accelerating growth in key emerging markets like China, India, Indonesia and Russia and value-enhancing innovation in our core portfolio of iconic brands,” says William. Johnson, chairman, president and chief executive of Heinz. “Through excellent execution of our long-term plan, Heinz enhanced its position as one of the best-performing global food companies while driving shareholder value and continued dividend growth.”

To support continued future growth, Heinz will invest approximately $160m on initiatives to increase its manufacturing efficiency and accelerate productivity on a global scale. The plan includes exiting five factories, including two in Europe, two in the US, and one in the Pacific, leaving Heinz with 76 factories globally.

In addition, Heinz will establish a European supply chain hub in The Netherlands to consolidate and centrally lead procurement, manufacturing, logistics and inventory control. Overall, Heinz will streamline its global workforce by approximately 800 to 1,000 positions.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements