Trade Resources Industry Views General Mills Has Announced Its Plans to Fuel Growth in The US

General Mills Has Announced Its Plans to Fuel Growth in The US

US-based food company General Mills has announced its plans to fuel growth in the US and around the world in the company's new fiscal year.

The company expects fiscal 2013 to be another year of growth,with sales and profit increases on its base business and contributions from newly acquired operations,including Yoplait International,Parampara in India,and Food Should Taste Good in the United States.

The company also signed an agreement in May to acquire Yoki Alimentos in Brazil,which is expected to close in the first half of fiscal 2013.

The company will continue its focus on Holistic Margin Management(HMM).Over the last three years,supply chain HMM projects alone generated$1bn of cost savings.The company expects to generate an additional$3 billion of HMM productivity between now and the year 2020.

General Mills is launching more than 70 new products in the first half of the year.In addition,the company is targeting global growth in developed and emerging markets.

The company noted that it plans to reach$900m in sales for its wholly owned businesses in China by 2015.

 

 

Source: http://www.food-business-review.com/news/general-mills-announces-plans-for-growth-110712
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General Mills Announces Plans for Growth