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Tag "cakes"

Packaging duo unveil stylish new patisserie packs

Two leading food packaging manufacturers have teamed up to create a premium range of patisserie cartons ideal for cakes, cream buns, gateaux and pastries.
LINPAC and Graphic Packaging collaborated to develop the four pack styles, which offer bakers and retailers superior and stylish on-shelf presentation to drive sales.
Graphic Packaging created the carton board trays and bases […]

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Record Sales For Finsbury Food Group

    Record Sales For Finsbury Food Group

Finsbury Food Group, a leading UK manufacturer of cake, bread and gluten free bakery goods, has broken through the £200 million turnover barrier for the year ended 30 June 2012. The group achieved strong organic sales growth across both of its businesses. Total group sales of £207 million for the full year were up 9.4%, […]

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Finsbury Food Group Passes £100 Million Interim Sales Barrier

    Finsbury Food Group Passes £100 Million Interim Sales Barrier

Finsbury Food Group, a leading UK manufacturer of cake, bread and gluten free bakery goods, has increased first half sales revenues to £102 million, passing the £100 million in six months milestone for the first time. This represents organic growth of just over £14 million and an increase of 16% compared with the prior year.
The […]

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Pobeda to Expand Output

    Pobeda to Expand Output

Pobeda, the leading manufacturer of biscuits and mini cakes in Bulgaria, is to expand output by a third following investment of lev 10 million (Eur5 million) in two new production lines. About 46% of the investment was provided by the European Regional Development Fund. Based at Bourgas, Pobeda had flat sales in 2010 of lev […]

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EBRD Acquires Stake in Russian Cake Manufacturer

    EBRD Acquires Stake in Russian Cake Manufacturer

The European Bank for Reconstruction and Development has invested Eur10m to acquire a minority stake in Hlebprom, a leading Russian cake and biscuit producer which has developed its own national distribution system. The funding will mainly be used to upgrade the privately-owned company’s existing plants so as to increase efficiency and productivity.
The acquisition by the […]

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Finsbury Sustains Interim Profit Despite Fall in Sales

    Finsbury Sustains Interim Profit Despite Fall in Sales

UK baker Finsbury Food Group has reported a 7% fall in revenue to £82.9m and flat pre-tax profit of £1.8m for the 26 weeks to January 2nd 2010. Finsbury is the second largest player within the £1.5b UK cake market and the market leader in the supply of gluten free baked goods to multiple grocers.
Trading […]

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UK Gluten and Wheat Free Market Now Worth £120 Million

The gluten and wheat free market in the UK is continuing to show strong growth. Latest Kantar Worldpanel data (52 w/e 26 December 2010), commissioned by gluten free brand leader DS-gluten free, shows that the total gluten and wheat free market is now worth more than £120.2m – up 14.8% year on year. Bread, sweet […]

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Agrana to Invest €27.6m to Expand Russian Fruit Preparation Plant

    Agrana to Invest €27.6m to Expand Russian Fruit Preparation Plant

Austrian group Agrana is to invest Eur27.6m to expand its Russian fruit preparation plant at Serpuchov over the next five years. Agrana is one of the leading producers of fruit juice concentrates in Europe, and the top global manufacturer of fruit preparations for the dairy industry.
The expansion programme will boost the factory’s production capacity by […]

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Finsbury Food Group Shows Resilience

    Finsbury Food Group Shows Resilience

Despite a declining turnover as customers moved away from the premium products that had been its traditional area of strength, Finsbury Food Group managed to deliver growth in key areas, increase profitability and restructure the business to achieve operational efficiencies during the year ended July 3rd 2010. Revenue at the UK cakes, bread and morning […]

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Lotus Bakeries to Invest Eur27m to Expand Belgian Production Capacity

Due to rising export sales of its biscuits and cakes in France, Netherlands, UK, US and Asia, Lotus Bakeries is investing Eur27m to expand production capacity at its Belgian operations over the next three years. The group’s site at Lembeke will be extended and all caramelized biscuit production will be centred there. Lotus will also […]

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Grupo Siro Opens €6m R&D Centre

Spanish food group Grupo Siro has opened a new Eur6m research and development facility at El Espinar in northern Spain. The 3,000 sq m facility, which will house a team of 30 researchers, will focus on new product development. It will also undertake contracts for other food manufacturers. Grupo Siro operates across five food categories […]

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Mixed Interim Results at Lotus Bakeries

Belgium-based biscuits and cakes manufacturer Lotus Bakeries increased current operating profit by 8.8% to Eur17.5m in the first half of 2010 as consolidated turnover edged up 1% to Eur127.2m. On a like-for-like basis, taking into account the termination of the Jaffa Cake bars contract with McVities, turnover for the first half of 2010 was up […]

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