PORTUGAL: Sara Lee's Nobre to invest in modernisation
Portuguese sausage producer Nobre, which was bought by US food giant Sara Lee in 1993, has announced plans to invest €5m (US$5.4m) in the modernisation of its production facilities this year.
Nobre genereated turnover of €70m in 2002 and sold nearly 20,000 tonnes of sausage products, up 6% year-on-year. The company expects to increase its turnover in 2003, and plans to expand its product range, reported the Portuguese News Digest.
The company said Europe would remain its main target export market, with Belgium, France, Germany, Luxembourg and the UK its most important European markets. Nobre also exports to Angola, Cape Verde and Mozambique.
Companies: Sara Lee Corp.
The food industry in the United States has been struggling with accusations that it is responsible for the country's "obesity epidemic" but companies are now developing strategies to deal with the pro...
Sara Lee Corporation is to delist from Euronext Amsterdam and Euronext Paris stock exchanges, as well as the Swiss Exchange....
Consumer goods giant Sara Lee Corporation has announced today that it has reached agreement on the principal terms and conditions for the sale of its European nuts and snacks business in the Netherlan...
US consumer goods giant Sara Lee has reported a sharp fall in first-quarter profit, impacted by impairment and transformation charges, exit costs and lower net sales....
US consumer goods giant Sara Lee has announced that it has signed an agreement to sell its US Retail Coffee business to Italy-based Segafredo Zanetti Group for US$82.5m....
US food and consumer goods giant Sara Lee has announced that its Food & Beverage division has appointed Kim Feil as senior vice president and chief marketing officer to lead all marketing efforts for ...
US packaged food company ConAgra Foods has said it has received notice of an unsolicited "mini-tender" offer, made by TRC Capital Corporation of Ontario, Canada, to purchase up to 3.5 million of ConAg...
US food and consumer goods giant Sara Lee has reported a fall in income for the year ended 2 July 2005, blaming higher costs, a tough European retail environment and the costs of restructuring....
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Have food promotions reached tipping point?
- How Tyson's new CEO plans to grow the meat group
- General Mills jobs to go in business revamp
- Japan's Nagatanien buys Chaucer Food Group
- B&G acquires pasta sauce group Victoria Fine Foods
- Tyson sets up US$150m investment fund
- Ferrero entity acquires Delacre