Profit after tax and before significant items was up 5.7% to $322m for the six months up to 31 December 2012. Amcor managing director and chief executive Ken MacKenzie said: “The first half result represented a record underlying ...
Tags: Tobacco Packaging, Specialty Folding Carton Operations
Zurich Insurance Group has reported a business operating profit (BOP) of $4.1bn for the full year 2012, down by 4% from $4.24bn during the same period last fiscal. Net income after tax attributable to shareholders (NIAS) stood at $3.9bn, ...
Tags: Zurich Insurance Group, BOP, 2012
Australian packaging company Amcor has announced its agreement to acquire select printing assets of AGI-Shorewood’s (ASG) Tobacco Packaging and Specialty Folding Carton Operations for $115m. The acquired business has plants or ...
Bristol-Myers Squibb has reached an agreement with Reckitt Bencksier for several of its over-the-counter medicines. As part of the agreement, Reckitt Benckiser will pay Bristol-Myers Squibb $438 million (£282 million) upfront for ...
During December in support of continued, strong business growth in South America, materials characterisation company Malvern Instruments opened a new applications and demonstration laboratory in Brazil. Located at the São Paulo ...
Tags: Malvern Instruments, New Applications Laboratory, Sao Paulo
Campbell Soup Co has signed a deal with Grupo Jumex and Conservas La Costeña that will expand its manufacturing and distribution capabilities in Mexico but result in the loss of 260 jobs. The deal, announced today (15 February), ...
Tags: Campbell Soup, Mexico, jobs
US food group Campbell Soup Co. has recorded a drop in first-half profits as costs related to its acquisition of Bolthouse Farms hit earnings. Earnings in the six months ended 27 January fell to US$430m, a 7.3% decline on last year, the ...
PepsiCo has posted a fall in full-year profits and sales as a 53rd week in 2011 results left a tough comparison. Net profits were down by 4% to US$6.18bn in 2012, the New York-based company said today (14 February). Net sales slipped by ...
Tags: PepsiCo, profits and sales, tough comparison
Global food group Nestle said 2013 looks every bit as "challenging" as 2012, a year when profits increased but underlying sales growth slowed. The Swiss food giant reported a 11.8% increase in earnings of CHF10.61bn (US$12.02bn) in 2012. ...
PMMI, the owner and producer of the EXPO PACK and PACK EXPO family of trade shows, has announced the premiere edition of EXPO PACK Guadalajara (Feb.27 –March 1, 2013; Expo Guadalajara) has sold out. “In December, we were happy ...
Clariant, a world leader in specialty chemicals, announced full-year sales 2012 from continuing operations of CHF 6.038 billion compared to CHF 5.571 billion in the previous-year period. This corresponds to an increase of 8% in local ...
Buoyed by rising demand from emerging markets like China and Latin America, India’s carpet exports posted a seven percent year-on-year rise during January 2013. Exports grew from US$ 70.5 million in January 2012 to US$ 75.4 ...
MIAMI — Italian mattress manufacturer Magniflex continues to expand its U.S. operations with the opening of a warehouse in this area. Located in Doral, Fla., the facility will be the only U.S. location where Magniflex mattresses and ...
Tags: Magniflex, mattresses, sleep accessories, dealer network
LAS VEGAS — U.S. retail attendance was up 6% from a year ago and international buyer attendance rose 5% at this winter's Las Vegas Market, according to organizers. Officials with International Market Centers said the Jan. 28-Feb. 1 ...
Pentair Ltd. announced fourth quarter 2012 sales of $1.8 billion, an increase of 103 percent from the prior year quarter excluding 1 point of foreign exchange impact, reflecting the Flow Control acquisition. Adjusted fourth quarter 2012 ...
Tags: Pentair, Flow Control, company news