Tetra pack reports sales are slower but continuing to grow

Wednesday, 08 April 2009

Sales: Tetra Pak reported net sales of €8.8bn in 2008 up up five per cent from 2007

While experiencing a slowdown in sales growth, Packaging giant Tetra Pak reported net sales of €8.8bn in 2008 - up 5 per cent on 2007 figures. The company’s Packaging Solutions reached €7.8bn in sales in 2008 - an increase of 4.5 per cent while sales of Processing Solutions reached €949m in 2008, up 9.3 per cent over the previous year.

The company says continuing growth in Central and South America, the Middle East, China, South and Southeast Asia and also in North America and Southern Europe drove the rise in Packaging Solutions’ sales, while Processing Solutions benefited from new sales generated by the acquisition of two specialist food processing firms as well as sales growth in virtually all regions.

In 2008, Tetra Pak continued its planned investment in new plant and equipment around the world, announcing plans to invest to build a state-of-the-art packaging material manufacturing plant in Pakistan and in new equipment in order to increase production in Brazil and Italy.

To strengthen its portfolio of complete production solutions for cheese and dairy powder, Tetra Pak acquired two specialised food processing companies, Downer MBL Pty Ltd and Downer MBL, from Australia-based Downer EDI.

Dennis Jönsson, president and CEO of Tetra Pak says, “Despite today’s tough economic situation we are confident in the future of the food sectors in which we operate. Consumption of basic nutritional food products such as milk and juice continues to grow.”

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PMA’s tenth seminar to focus on practical advice for attendees
Heidelberg is set to host its tenth Print Media Academy (PMA) training seminar aimed at providing participants with concrete strategy and business plans for their businesses as well as the opportunity to share experiences and swap strategies.

Tribute Tuesday: Heidelberg- a view from the top
One of the companies that it is most important to track in the industry and in particular in the current market is Heidelberg. Last week there was a very significant interview with Jürgen Rautert, Heidelberg’s second in command. In this article I want to take some of the key messages that came from this interview and perhaps add a few of my comments.