Coca-Cola Europacific Partners half year profits jump 58% driven by market rebound in Q2

UK – Coca-Cola Europacific, one of the largest anchor bottlers of Coca-Cola, has seen its half year profits jump 58% driven by a strong market rebound in Q2, reflecting the easing of pandemic restrictions in Europe and Asia Pacific regions.  As pandemic restrictions eased, more people were able to eat away from home (AFH) leading to CCEP recording sales of 1.442-billion-unit cases during the quarter ending July 2.  The jump in unit cases sold led to the group recording a record €6.974bn (US$8.26bn) in revenues, an 11.5% jump when compared to the same period…

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Coca-Cola Europacific Partners inches closer to Net Zero 2040 ambition with the unveiling of carbon-neutral manufacturing sites

EUROPE – Coca-Cola Europacific Partners, one of the largest anchor bottlers for Coca-Cola, has unveiled two carbon neutral manufacturing sites as part of efforts to achieve its 2040 Net Zero ambitions.   According to the company, the sites in Jordbro in Sweden and Vilas del Turbón in Spain have been certified as carbon neutral certified according to the international standard PAS 2060.    They are CCEP’s first carbon-neutral sites and are part of a pilot program that aims for at least six CCEP sites to become carbon neutral certified according to the PAS…

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PepsiCo doubles down on healthy snacking with plans to build new US$256m facility in Poland

POLAND – American snack and beverage giant PepsiCo is doubling down on its healthy snacking agenda with plans to invest in a new US$256 million food manufacturing plant in Poland.   The new plant- its largest and most sustainable in Europe- will manufacture a range of PepsiCo’s snacks, including Lay’s fried and oven-baked and Doritos.  The plant will export to over 20 European countries including Germany, Czech Republic, Slovakia, and Hungary and is slated for completion in 2025.  Building a new plant is timely as PepsiCo aims to increase sales…

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European vodka maker Stock Spirits agrees to US$1Bn takeover by CVC-affiliated funds

UK – Vodka maker Stock Spirits Group has agreed to a takeover offer valuing it at £767 million ($1.06 billion) from CVC Capital Partners-affiliated funds.  Stock Spirits is a leading alcohol company in central and eastern Europe, where it sells its 1906, Stock Prestige and Vodka No.1.  The company has production facilities in Poland, the Czech Republic, Germany, and Italy – aligning with its core markets Poland, Czech Republic, and Italy, which account for 90 percent of its sales.  The London-listed Stock Spirits has a portfolio of more than 70 brands across…

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European soft drinks industry commits to reduce sugar content in beverages by 10% before end of 2025

EUROPE – Soft drink beverages are a favorite for many. Their sweet taste is irresistible, making many consumers to crave for more once their first bottle is complete.  These sweet beverages however come with the added risk of exposing consumers to lifestyle diseases such as obesity and diabetes.   Numerous studies have shown that regular consumption of soft drinks is associated with type 2 diabetes in both adults and children.   In the UK where per capita consumption of soft drink beverages is estimated to be 107 liters, a majority of adults and a significant…

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Berlin Packaging bolsters European market position with acquisition of Juvasa Group

SPAIN – US based supplier of packaging solutions Berlin Packaging has acquired the Juvasa Group, a supplier of glass, plastic and metal packaging for the food and beverage industry, to bolster its presence in Europe.   Founded in 1987 and based in Seville, Spain, Juvasa is a group of companies that supplies customers with packaging products including bottles and jars for olive oil, wine, beer, spirits, sauces, vegetable preserves and honey.  The company has locations across Spain, Portugal, and the Canary Islands, and is said to have “an extensive commercial presence and logistical capabilities”.  The transaction marks Berlin Packaging’s sixth acquisition…

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EU to record higher grain harvests in MY2021/22 following higher than expected spring rainfall

EUROPE – The  European Union (EU) grain production is forecast at 293.3 MMT (million metric tonnes), over 13 MMT higher than the previous marketing year’s volume largely due heavy rains in April and May that replenished soil moisture and improved yield potential.  According to recent GAIN reports released by the United States Department of Agriculture, grain production is set to rebound in France, Germany, Romania, Hungary, the Benelux, Bulgaria, and Ireland, helping uplift the region’s total grain production.  Going to specific grains, the reports forecast EU’s wheat production to reach 138.4 MMT due to higher than…

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Tetra Pak, Stora Enso partner to boost Europe’s carton recycling capacity as Scholle IPN works on flexible plastic recycling

POLAND – Food packaging and processing company Tetra Pak and Stora Enso, a manufacturer of pulp, paper, and other forest products, are investing €29.1 million (US$39.98 million) in boosting the recycling capacity of beverage cartons in Central and Eastern Europe.   The investment will see the installation of a large-scale carton repulping line at Stora Enso’s Ostroleka production unit in Poland, tripling the annual recycling capacity of used beverage cartons in Poland from 25,000 to 75,000.  The increased capacity will enable the recycling of the entire volume of beverage cartons sold in the country, as well as those from neighboring countries including Hungary,…

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Moët Hennessy, Campari partner to build a European ecommerce platform for wines and spirits

US – French-based premium alcoholic manufacturer Moët Hennessy and maker of Italian alcoholic liqueurs Campari Group have partnered to build a European eCommerce platform for wines and spirits. The 50/50 joint venture will look at investing in wines and spirits eCommerce companies to enable them take advantage of the popularity of consumer shift to online purchases amid the Covid-19 pandemic.  Under the terms of the agreement, Campari will transfer its stake in Tannico – an alcohol eCommerce platform that it acquired last year – into the newly-formed joint venture for €25.6 million.  Tannico owns a majority stake in Ventealapropriete.com, an online…

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Cargill invests US$45m into production of soluble fibres to meet Europe’s demand for low-calorie products

EUROPE – American multinational food corporation Cargill is investing US$45 million into production of soluble fibers in an effort to meet demand for low calories products in Europe.  According to a statement from the company, the investment will be pumped into Cargill’s existing facility in Wroclaw, Poland where construction of a soluble fiber products line is already underway. The company is expecting its initial offerings to be fully commercialized in the second half of 2022.  The move marks the company’s first entry into the European soluble fibre market and comes amid a growing demand for reduced-sugar products. Demand for low-sugar products grows…

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