FDBusiness.com

Unilever Norwich reflects wider company efforts, says analyst

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

Unilever Norwich reflects wider company efforts, says analyst

June 30
10:44 2013

Proposed job cuts at Unilever’s factory in Norwich, reflect broader business strategy to focus on profitable areas, and similar future moves cannot be ruled out, according to analyst Clive Black.

Shore Capital analyst Black told FoodManufacture.co.uk: “The business is constantly refining its organisation; expanding in growth opportunities, making more challenging units leaner and disposing of businesses where it does not believe that its capital is most effectively applied.

“Unilever UK’s food operations are a modest part of the group. We would imagine that management is keen to maintain & build share, engineer the proposition towards longer-term growth opportunities and sustain cost competitiveness.”

Important growth areas for the company in the future would be savoury and soup in developing and emerging markets, low growth spreads, ice cream and tea, he claimed.

Key things to watch

The effect of promotions and possible economic recovery would be key things to watch in terms of the company’s future progress, Black said. And he stressed that Unilever was a “highly profitable organisation”.

The company confirmed last week that up to 20 jobs could go at the dry mixing facility in Norwich.

Manufacturing union GMB is discussions with management to try to mitigate job losses during a 60-day consultation process.

GMB national officer Alan Black said the announcement of the operational review would be “greeted with dismay by their loyal and for the most part long serving workforce”.

‘Especially disappointing’

“It is especially disappointing in a part of the UK where manufacturing jobs are in short supply,” said GMB’s Black.

A spokeswoman for Unilever stressed that the operational review only concerned the company’s dry foods manufacturing unit and not condiments or Colman’s mustard manufacturing.”

“We will now work closely with our employees to look at the options, including how we can work in partnership with our sister factory in Germany, to improve our competitiveness and ensure a sustainable future for the site,” she said.

“In the face of tough economic times, consumers continue to adapt their shopping habits and lifestyles. In light of this, Unilever needs to ensure our supply chain is as efficient and cost-effective as possible so that we can continue to offer products that consumers love at affordable prices. ”

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements