Profits more than triple at Kraft Heinz

The Kraft Heinz Co, the fifth largest food and drinks manufacturer in the world, says it made significant gains in the final quarter of 2016 following cost savings.Net profits in the quarter more than tripled to US$944 million.But the company behind brands such as Kraft, Heinz, Capri Sun, Maxwell House, Kool-Aid and Weight Watchers saw sales in the 13...

Strong performance for Dr Pepper Snapple as it completes Bai buy

US-based soft-drinks manufacturer Dr Pepper Snapple, which has completed the acquisition of the Bai anti-oxidant drinks brand for US$1.7 billion, has reported a strong sales and profits increase for 2016.Sales of products such as Dr Pepper, A&W and 7UP were up three percent for the year, reaching $6.44bn. Net profit was up 10.8 percent, at $847m, and $900m was...

Heineken invests in its French brewing operations

A new packaging line is to be added at the Heineken brewery at Schiltigheim in France, one of three it operates in the countryThe €9.3 million investment will increase the brewery’s yearly capacity of 450,000 hectolitres by an additional 40,000 hectolitres.The move at the facility in eastern Alsace will support the Dutch brewer’s volume growth in France across its...

Heineken expands in Brazil with Kirin brewing acquisition

Kirin has agreed to sell its brewing business in Brazil to Heineken, which will make the Dutch-based global brewer the second largest in the country after Anheuser-Busch InBev.The Japanese brewer had been struggling since 2011 when it paid US$2 billion for Schincariol, which produces beers such as Schin, Baden Baden, Eisenbahn and Devassa.Heineken will pay Kirin Holdings $700m for...

Pinsa to start up new sardine cannery in Mexico next month

Mexican tuna packer Grupo Pinsa will start supplying canned sardines to the global market when a new plant in the Gulf of California starts production as expected in March.The $30 million plant at the port of Guaymas, in Sonora state, will initially start producing 750,000 cases a year for human consumption with eventual output of three million, reports Undercurrent...

Latin America declines hit Coca-Cola sales in 2016

Strong gains in North America and Asia Pacific weren’t enough to offset a global sales decline at Coca-Cola in 2016.Although sales grew by 4 percent in North America for the year, compared with the same period in 2015, declines in Latin America and Europe, Middle East & Africa, of 6 percent and 4 percent respectively, meant that overall sales...

Reckitt Benckiser bids for the infant formula market

Canned infant formula manufacturer Mead Johnson could become part of the Reckitt Benckiser Group if a US$16.7 billion bid by the British health and household products manufacturer is successful.US-based Mead Johnson is one of the biggest suppliers of dairy-based baby foods, a market worth $41 billion, with strong growth in sales to China and India.The two companies have revealed...

See-through vegetable can makes its debut with McCall

US-based vegetable and fruit packer McCall Farms is first to use a see-through plastics can for a range of slow-cooked vegetables.The cans, developed by Sonoco Products and called TruVue, feature a multi-layer extruded plastics body and conventional steel ends with an easy-open tab.Based in North Carolina, McCall Farms is using the can for its New Glory Farms Slow-Cooked vegetables...

Redesign for Carling lager in the UK

Leading UK lager brand Carling has updated the design of its packaging across cans, bottles and cartons.It has collaborated with international design agency BrandOpus to refresh the look of its Original Lager, Cider, Citrus Twist and Premier products.The new designs will be rolled out across on- and off-trade outlets throughout 2017, starting with supermarkets and bars in March.Produced by...

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