Heinz supply chain shake-up despite record profits
HJ Heinz has indicated that its King of Prussia production site in Pennsylvania will be one of two US facilities to close as part of its plans to improve global productivity.
HJ Heinz has announced it will move its beetroot, sauces and some of its meals production from three factories in Australia to a facility in New Zealand.
HJ Heinz today (26 May) said it would look to leverage its "global scale" to improve productivity as it raised its five-year savings targets.
HJ Heinz is to "exit" five production facilites across Europe, the US and the Pacific region under a revamp of its supply chain and manufacturing network.
HJ Heinz today (26 May) reported its best-ever annual profits on the back of record full-year turnover, higher margins in Europe and double-digit sales growth in emerging markets.