This week on just-food we heard from the MD of Nestle‘s operations in India about how the company plans to drive double-digit growth in the country. The CEO of Pladis Cem Karakas explained how the company is increasing investment in its core markets and brands. Meanwhile, we covered Lamb Weston‘s ambitions to become the world’s largest frozen potato company. Here is just-food’s week in words.
“Our strategy is to offer a global portfolio diversified with local products that directly appeal to local tastes. Until 2021, we aim to have TRY5bn (US$1.62bn) worth [of] capex investment mainly in our two anchor markets: the UK and Turkey. Through these investments, we aim to double chocolate sales and increase biscuits sales by 50% worldwide.” Pladis Cem Karakas told just-food as he detailed the company’s plans to step up investment
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“The entire food industry is being transformed by the fusion of food, well-being and technology. Habit is well positioned in this wired for well-being space and poised to lead the personalised nutrition category.” Campbell president and CEO Denise Morrison said explaining the company’s decision to back health and wellness start-up Habit
“Our ambition is clearly double-digit growth… Indian consumers are also seeking not just good value and very India-centric products but also international tastes and flavours.” Suresh Narayanan, Nestle India chairman and managing director, told just-food in an exclusive interview
“Our vision is to be the number one frozen potato company in the world. It is the North Star that drives us each and every day. Our future is guided by a clear vision which is at the heart of everything we do. And that vision is to be an industry leader not just in measurable metrics like share but cutting edge customer process and product innovation.” Lamb Weston CEO Tom Warner spelt out the company’s ambitious agenda as a stand-alone business
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“Our third-quarter results underscore our continued commitment to improve operational efficiency, expand margins and profitably grow volume while also investing in strategic growth initiatives for the longer term. In the face of challenging market conditions, we’re building a stronger, more streamlined company that is well positioned to deliver sustainable, profitable growth and attractive cash generation.” Irene Rosenfeld, chairman and CEO of Mondelez International, which posted higher earnings but pressured sales for the quarter
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By GlobalData“The Buitoni brand has always strived to bring high quality, delicious pasta to dinner tables. We know that more and more consumers want to understand where their food comes from and how it’s made. Our move to no GMO ingredients and shorter, clearer ingredient statements are part of an ongoing effort to create pasta and sauces that families and individuals trust and continue to enjoy.” Erica Starrfield, Buitoni brand manager, as Nestle announced the brand was going GMO-free
“There’s no time for cooking, so pre-cooked products, frozen meals and sterilised product are in the convenience stores all over the areas in Thailand. As each menu is either in frozen or in sterilised form, consumers can buy and ask the store staff to warm them using the microwave.” Pichaya Poonlarp, an assistant professor at Chiang Mai University’s faculty of agro-industry, told just-food as part of our deep dive into the Thai market
“This transaction will allow Bel to create a major player in the healthy snacking globally. It provides a unique opportunity to accelerate the growth of MOM based on the international presence of Bel.” Bel Group on the benefits of the MOM Group acquisition
“We continue to make progress against our global plan. Most critically, we have made substantial progress in China. We are operating in a challenging global environment and it is now clear that our growth will occur more slowly than we had planned. In this environment, we have chosen to revise our full year guidance for both top and bottom line numbers.” CEO Kasper Jakobsen says Mead Johnson is lowering its full-year outlook
“We have invested INR8bn i(US$119.7m) in India and we are optimistic about doubling this investment in the future. As you know the Indian consumption for chocolates is growing every year. We expect this trend to continue. We are a leading player in India and we want to continue to meet our consumer’s needs and expectations.” A Ferrero spokesperson tells just-food that the company intends to increase its investment in India
