Tetra Pak announced net sales for 2011 of €10.36bn – a 5% increase on 2010 - thanks to strong growth in emerging markets and its processing business.
The processing and packaging giant said its packaging business generated the lion’s share of sales – posting €9.2bn for the full year> This represented a 3% increase year-on-year.
The figures were driven by strong growth in emerging markets such as South and Southeast Asia, Central and South America, China and Sub-Sahara Africa, said the firm.
Sales from the processing division soared by almost 23 percent year over year to reach €1.2bn.
Tetra Pak said it had achieved double-digit growth in North America, China, South and Southeast Asia, Northeast Asia and Oceania and the entire European region.
“Thanks to our long-time focus on developing products and services that not only address today’s needs, but also anticipate the needs of the future, we saw continued growth in 2011, despite widespread economic uncertainty and an increasingly competitive environment,“ said company president and CEO Dennis Jönsson.