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Investors have queried the recent performance of Danone’s fresh-dairy business in the US but management is positive about the company’s prospects there – and more broadly.
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Speaking at the Barclays Global Consumer Staples Conference, Anna Manz discussed RIG, margins, coffee and emerging markets.
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The potential closure of the Moeskroen 1 facility in Belgium places up to 392 jobs at risk.
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Smithfield said the outlook “reflects continued compression in the industry fresh pork market spread and lower hog prices”.
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The investment will expand the company’s manufacturing site in Rayong, which produces pet food and treats.
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The company said the plant can “no longer sustainably meet the requirements for flexibility and modernisation”.
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Headquartered in Teruel, Jamones Albarracín focuses on the salting, drying and curing of hams.
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Pladis said China “is one of the biggest long-term growth opportunities” for McVitie’s.
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