Continuing growth in Central and South America, the Middle East, China, south and southeast Asia, and in North America and southern Europe, drove the rise in Packaging Solutions’ sales, while Processing Solutions benefited from new sales generated by the acquisition of two specialist food processing firms, as well as sales growth in virtually all regions.
Overall, sales growth declined during the last quarter of 2008 due to a slowdown in capital equipment investment and lower demand caused by stalling economies and the global credit crunch.
“During these economically difficult times, it’s more important than ever to provide our customers with value-driven solutions,” said Tetra Pak president and CEO, Dennis Jönsson. “With our current strategy, investments to meet market needs, and drive to continuously improve quality and operational efficiency, we’re well positioned to support our customers to remain competitive.”
In 2008, Tetra Pak supplied a record 141 billion individual packages used by leading food and beverage companies around the world to deliver more than 70.6 billion litres of milk, juice, fruits and other products to consumers. That represents a 3% rise over the number of beverages consumed in Tetra Pak cartons in 2007.
The company supplied an additional 503 packaging machines, 1,838 processing units and 1,372 pieces of distribution equipment in 2008. Tetra Pak operates 16 technical training centres, 41 technical service centres and 12 research and development facilities around the world, to ensure continued product innovation and excellence in customer service.
“Despite today’s tough economic situation, we’re confident in the future of the food sectors in which we operate,” added Jönsson, noting that consumption of basic nutritional food products such as milk and juice continues to grow.
Source: Tetra Pak
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