SWEDEN: Packaging sales drives Tetra Pak turnover in 2010
Stronger sales from packaging have boosted annual revenues at Tetra Pak, the Sweden-based carton maker said today (5 March).
Tetra Pak's turnover grew by 5.2% in 2010 to EUR9.98bn (US$14.15bn). Revenue was driven by the company's packaging business, which saw sales rise 5.9% to EUR9.01bn.
The company said the "strong" performance from its packaging division was led by double-digit growth in regions including south-east Asia, Eastern Europe and South America.
Sales from Tetra's Pak processing division - which provides equipment for companies including dairy processors - fell 0.7% to EUR971m.
Tetra Pak also announced that it had beaten its target for cutting carbon emissions. The company said it had lowered emissions by 11% against a 2005 baseline, beating a target of 10% it set five years ago.
The company, however, did not disclose any profit figures for 2010.
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Will Kellogg's DSD exit help it grow in US snacks?
- Why Reckitt Benckiser moved for Mead Johnson
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kraft Heinz returns to organic growth, ups margins