News

Nestlé investing EUR 25 million in new generation baby food plant . During the revolutionary, new process, materials for NaturNes developed for babies older than four months are cooked separately in the Epinal plant then mixed and sterilised subsequently.

Maspex Olympos products selling well. In spite of market difficulties, the company increased its sales by 15 per cent in terms of quantity last year. The company owned by the Polish Maspex Wadovice group ranks fourth in the Hungarian fruit juice market with a 8.3 per cent market share behind SIÓ-Eckes, Rauch and Coca-Cola.

Procter & Gamble nominated for advertiser of the year at the Lions festival in Cannes. Procter spent over USD 8 billion on advertising last year world-wide. The company won 14 awards at the festival in 2007, including a Grand Prix from the press.

Government to use indirect methods to help companies in the food sector. HUF 50 billion will be available in the New Hungary program. According to the competent ministry, the most important objective is to keep materials in the country for processing, which requires investments to improve competitiveness, and integrated production.

New production line of Gyermelyi to start in the summer. As a result of an investment of HUF 500 million, 1,500 kilograms of pasta per hour will be produced. Another hundred million is to be spent on modernising packaging.

17 per cent increase in revenues for PepsiCo. New versions of Lay’s and Cheetos and low calorie fruit-vegetable snacks contributed to the expansion of sales to USD 12.3 billion.

Double digit growth in profit for LVMH. The world leader distributor of luxury products, LVMH Moet Hennessy Louis Vuitton increased overall profit by 12 per cent to EUR 3.6 billion, while revenues grew by 8 per cent to 16.5 billion last year.

12 per cent increase in the sales of mineral water in 2007. Over 880 million litres of mineral water was sold for a total of HUF 43 billion, representing a 15 per cent increase in terms of value.