Tetra Pak CEO and president Dennis Jönsson predicted that 2015 would be 'another demanding year'
Tetra Pak recorded sales growth of 1.7% in 2014 despite increasing competition within the liquid food packaging sector, and what it described as “a further softening of global GDP”.
The packaging manufacturer generated sales revenue of €10.9bn, with strong growth in capital equipment and technical sales helping to offset a disappointing year for packaging material. It also cited a number of product innovations as particular highlights, including the Tetra Rex bio-based packaging, which we first reported in January was the world’s first food and beverage carton made entirely from plant-based materials.
Tetra Pak president and CEO Dennis Jönsson said: “Against the backdrop of a tough year, with slower packaging material growth than originally expected, we saw clear evidence that our business strategy is working. Capital equipment sales reached almost €2bn and technical sales topped €1bn for the first time in the company’s history. Our processing business closed the year with a record high order backlog, up 20% compared with the end of 2013. And we saw a significant increase in sales of our advanced packing formats: 7.1bn more packs reached the shelves in 2014 than in 2013, offering customers optimal functionality and differentiation.
“2015 will undoubtedly be another demanding year, but we are confident that our strategic direction will continue to strengthen our market position and bring us further success in both packaging and processing. Our focus, as always, will be on creating customer value, through continuous innovation and by helping to ensure customers are well-placed to capitalise on the many opportunities we see on their horizons.”
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