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Tag "emerging markets"

Alcoholic Drinks Continue to Make Gains in Emerging Markets

    Alcoholic Drinks Continue to Make Gains in Emerging Markets

As in 2011, emerging markets will continue to drive alcoholic drinks volume growth in 2012, according to Euromonitor. All four emerging market regions – Asia Pacific, Latin America, Eastern Europe and the Middle East and Africa- will see volumes increase. In the case of Asia Pacific and the Middle East and Africa, gains will exceed […]

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Plans to Export More UK Food and Drink Unveiled

    Plans to Export More UK Food and Drink Unveiled

The UK food and drink industry has welcomed a new plan, launched by Food and Farming Minister Jim Paice, which could help hundreds of companies secure sales in lucrative emerging markets. The Exports Action Plan, overseen by a Forum co-chaired by Jim Paice and FDF (Food and Drink Federation) deputy president and chief executive of […]

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Unilever Continues to Expand in Emerging Markets

    Unilever Continues to Expand in Emerging Markets

Unilever has unveiled expansion to production facilities in Indonesia that will help drive sustainable growth for the food and personal care group in the fast-growing developing and emerging markets. The company has invested about €90 million to build a new, state-of-the-art personal care factory and to expand existing ice cream and personal care factories to […]

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Nestle Strengthens Leadership in Emerging Markets With New Factory

    Nestle Strengthens Leadership in Emerging Markets With New Factory

Nestle is strengthening its leadership in emerging markets by starting construction of a new $200 million factory in Indonesia. The new factory in Karawang, West Java, is due to begin production in early 2013.
 
It will produce Cerelac infant cereals, Milo chocolate malt drinks and, eventually, Dancow milk powder. The new Nestle factory will help satisfy […]

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Emerging Markets Drive Sales and Profits at Diageo

    Emerging Markets Drive Sales and Profits at Diageo

Buoyed by strong growth in emerging markets, particularly by its Scotch whisky brands, Diageo has achieved 5% organic growth in both net sales to £9.94 billion and in operating profit before exceptionals to £2.88 billion for the year ended June 30th 2011.
 
Exceptional operating costs were £289 million for the year including a net charge of […]

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Unilever Focuses on Emerging Markets

    Unilever Focuses on Emerging Markets

Unilever expects to generate more than 70% of group turnover from emerging markets by 2020, up from a current level of 55%. In face of sluggish growth in developed markets, Unilever has been investing heavily to expand its presence in emerging markets in Asia, Africa and Latin America, withBrazil,India,ChinaandTurkeyamong the group’s fastest growing markets.
 
“Europe and […]

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Unilever Reorganisation Designed to Drive Growth

    Unilever Reorganisation Designed to Drive Growth

Unilever has announced changes to its category and go-to-market structure to further support its growth plans, especially in its fast-developing businesses in the emerging markets. The new structure is designed to facilitate a more efficient rollout of increasingly bigger and more scalable innovations, and the optimisation of resources behind strategic priorities.
“Unilever now has over half […]

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Record Year For Heinz But Factory Closures Planned in Europe

    Record Year For Heinz But Factory Closures Planned in Europe

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 […]

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Heineken Looks to Expand in Brazil

    Heineken Looks to Expand in Brazil

Heineken is reported to be considering making an offer to acquire Primo Schincariol Industria de Cervejas Refrigerantes, the second largest brewer in Brazil behind Anheuser-Busch InBev. Primo Schincariol Industria de Cervejas Refrigerantes is estimated to be worth in the region of £2b.
Such an acquisition move would be in line with Heineken’s strategy of developing its […]

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European Region Still in Decline at Diageo

    European Region Still in Decline at Diageo

Greater focus on its priority brands and increased investment in emerging markets has allowed Diageo to deliver 7% organic net sales growth in its third quarter, and to increase sales by 5% on an organic basis and volume by 2% in the nine months ended March 31st 2011, compared to the comparable period last year. […]

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Pernod Ricard On Track to Meet Financial Targets

    Pernod Ricard On Track to Meet Financial Targets

Following a solid third quarter, Pernod Ricard has confirmed its targets for the full 2010/11 and 2011/12 financial years. Over the first nine months of the 2010/11 financial year (to 31st March 2011) consolidated sales (excluding tax and duties) increased by 11% to Eur5.90b, compared to the same period in the previous year, and organic […]

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Heineken Expands in Africa With Two Acquisitions

    Heineken Expands in Africa With Two Acquisitions

In line with its strategy of increasing exposure to emerging markets, Heineken is acquiring two breweries in Ethiopia, after being named the preferred bidder by the Ethiopian Government following a public auction. Heineken is paying $85m and $78m respectively for the Bedele and Harar breweries.
The two breweries have a combined market share of 18% with […]

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Fifth Consecutive Quarter of Growth at Unilever

    Fifth Consecutive Quarter of Growth at Unilever

Food, personal care and home care group Unilever has delivered its fifth consecutive quarter of growth as its transformation strategy continues. Turnover in the first quarter increased by 7% to Eur10.9b as underlying sales rose by of 4.3% with all categories growing, driven by emerging markets up 9.9%. Underlying volume growth was 2.5% and pricing […]

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Tesco to Outpace Global Rivals

    Tesco to Outpace Global Rivals

With a compound annual growth rate (CAGR) of 7.5% between 2010 and 2015, Tesco is set to be the fastest growing retailer of the global grocery top four, according to the latest forecasts from international food and grocery analysts IGD. Driven by sharing best practice in areas like loyalty and services across its markets, and […]

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Diageo to Acquire Turkey’s Leading Spirits Company For £1.3 Billion

    Diageo to Acquire Turkey’s Leading Spirits Company For £1.3 Billion

Diageo has reached agreement to acquire Mey Icki, the leading spirits company in Turkey, for an enterprise value of £1.3b from investment firm TPG Capital and Actera. The transaction is expected to complete in the second half of calendar 2011, subject to regulatory clearances.
Paul Walsh, chief executive of Diageo.
Mey Icki is the leading spirits producer […]

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Solid Sales Growth and Bumper Profit at Nestle

    Solid Sales Growth and Bumper Profit at Nestle

Reporting growth across all regions and categories, Nestle achieved a 6.2% organic growth in 2010 group sales to SFr109.7b (Eur84.9b) with real internal growth of 4.6% and tripled net profits to SFr34.2b, reflecting the disposal of its Alcon shareholding. However, excluding the exceptional net profit of SFr24.5b from the Alcon disposal, 2010 group net profit […]

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Europe Remains Weak Spot For Diageo

    Europe Remains Weak Spot For Diageo

Despite a 3% decline in Europe, Diageo achieved organic net sales growth of 4% to £5.32b for the six months ended December 31st 2010 and 2% organic operating profit growth (before exceptional items) to £1.73b. Diageo reported a 12% rise in operating profit to £1.72b for the period and profit before tax was £1.61b, against […]

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PepsiCo Continues to Invest Heavily in Emerging Markets

    PepsiCo Continues to Invest Heavily in Emerging Markets

Having recently unveiled plans to invest $140m to build its tenth plant in Russia as part of a $1b investment programme in the country, PepsiCo has announced that it will construct a $73m beverage facility in Vietnam. The move marks the first phase of a $250m investment programme in Vietnam. The new plant in the […]

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Diageo Strengthens Brewing Business

    Diageo Strengthens Brewing Business

Diageo has strengthened its beer business in emerging markets after its East African Breweries subsidiary acquired a 51% stake in rival Tanzanian brewer Serengeti Breweries for $60.4m (£38.1m). The deal strengthens East African’s distribution in Kenya and Uganda.
Meanwhile, speculation has heightened that Diageo is considering a move to purchase the 66% of Moet Hennessy, the […]

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Nestle to Invest in R&D Centre in India

    Nestle to Invest in R&D Centre in India

Nestle is investing SFr50m (Eur38m) to establish its first R&D Centre in India. The facility will be built in Manesar, close to Nestle India’s headquarters in Gurgaon, and will be operational in 2012.
The investment will help to further strengthen Nestle’s R&D capabilities in emerging markets. Nestle has a strategic focus and leadership in emerging markets […]

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Molson Coors Expands in China

    Molson Coors Expands in China

In line with its strategy of increasing its exposure to emerging beer markets, Molson Coors Brewing Company has completed its $40m acquisition of 51% controlling interest in a joint venture with the Hebei Si’hai Beer Company, a regional Chinese brewer.
The joint venture, Molson Coors Si’hai Brewing Company, will provide Molson Coors with a platform to […]

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Nestle Continues Expansion in Central and Eastern Europe With New Service Centre in Ukraine

    Nestle Continues Expansion in Central and Eastern Europe With New Service Centre in Ukraine

Nestle is creating a new service centre in Ukraine to facilitate its continued expansion in the emerging markets of Central and Eastern Europe.
The world’s biggest food group will invest SFr25m (Eur19m ) over three years to establish the Shared Service Centre in the Ukrainian city of L’viv. The new facility will support more than 20 […]

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Emerging Markets Drive Heinz

  Emerging Markets Drive Heinz

Emerging markets such as China, India, Indonesia, Latin America and Russia are expected to deliver at least 20% of Heinz’s total sales by 2013, more than double their contribution of just five years ago, according to William Johnson, chief executive of the US-based global food group.
“Emerging markets are key to unlocking future growth because their […]

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Nestle Investing SFr150m in Emerging African Markets

  Nestle Investing SFr150m in Emerging African Markets

In line with its strategy of expanding in emerging regions of the world, Nestle will invest SFr150m (Eur110m) in the Equatorial African Region (EAR) over the next three years by building new factories in Angola, the Democratic Republic of Congo (DRC) and Mozambique, while also expanding existing factories. The world’s largest food group will also […]

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Heinz Continues Drive into Emerging Markets With Expansion in China

  Heinz Continues Drive into Emerging Markets With Expansion in China

HJ Heinz is acquiring Foodstar, a leading manufacturer of soy sauces and fermented bean curd in China, from Transpac Industrial Holdings, a private equity firm. The acquisition will increase Heinz’s annual sales in China to about $300m and enable the group to enter the nation’s fast-growing $2b retail soy sauce market.
The purchase price consists of […]

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