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.”
