Raw Material

Profits are up 6.1% at Kerry for H1,

Kerry delivers “solid” H1 with 6% profit hike to €214m

By Shane Starling

Irish dairy and ingredients group Kerry has turned in a”solid” first half of 2011 that saw it increase volumes, weather raw material price hikes, and see success in a “go-to-market” functional ingredient strategy as profits jumped 6.1% on 2010 figures.

Mixed fortunes for Givaudan as high costs and currency rates counter growth in snacks, dairy and beverages

Givaudan profits slump despite flavours growth

By Nathan Gray

Flavour and fragrance firm Givaudan’s first half net profits crashed by 40 per cent as raw material costs and record currency rates take their toll on the Swiss company, despite good local growth in its flavours businesses.