Milling & Baking News - August 07, 2012 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS AUGUST 7, 2012 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Signature Interview Part III Cost cutting effort, c.e.o. passion drive Bimbo sustainability focus Selecting a sustainability seal Rainforest Alliance and Fairtrade gain traction in cocoa while palm oil certification increases Story on Page 29 A LATE NEWS Kraft Foods profit up 5% in quarter NORTHFIELD, ILL. — Net income of Kraft Foods Inc. in the second quarter ended June 30 was $1,029 million, equal to 58c per share on the common stock, up 5% from $976 million, or 55c per share, in the same period a year ago. Sales were $13,286 million, down 4% from $13,878 million. Operating income of the U.S. Snacks segment rose 3% to $198 million. Sales in the segment also increased 3%, rising to $1,555 million. “Our second-quarter and first-half results reflect the success of our brand-building investments over the past few years and the resilience of our businesses,” said Continued on Page 8 dvocates often assert that the embrace of sustainability helps lower rather than add costs. At Grupo Bimbo S.A.B. de C.V., it was an urgent need to cut costs that led to the discovery that sustainability done properly makes significant contributions to a company’s bottom line. Daniel Servitje, the chief executive officer at Grupo Bimbo, in an interview with Milling & Baking News, reviewed the evolution of sustainability at the world’s largest wholesale baking company. He said Bimbo is regularly recognized as a sustainability leader in the Mexican business community. Late in 2011, the Bolsa Mexicana de Valores (the Continued on Page 18 January-June flour output sets record for first half WASHINGTON — Flour output by U.S. mills in January-June totaled a record 205,398,000 cwts, up 2.5% from 200,337,000 cwts in the first half of 2011, according to data interpolated by Milling & Baking News based on statistics just released by the North American Millers’ Association (NAMA). The previous high in production for the first six months was 204,011,000 cwts in 2010. NAMA and Veris Consulting, Inc. have been gathering data on U.S. flour production as well as state and stategroupings, output of durum semolina and whole wheat flour since JulySeptember 2011 when the U.S. Census Bureau discontinued its compilations Continued on Page 39 Marking nine decades in partnership with grain-based foods http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - August 07, 2012

Milling & Baking News - August 7, 2012
Signature Interview Part III - Cost cutting effort, c.e.o. passion drive Bimbo sustainability focus
January-June flour output sets record for first half
Late News - Kraft Foods profit up 5% in quarter
Table of Contents
News/Comment - End of C.W.B.’s monopoly signals huge wheat change
Editorial - Greatest growth in global milling lies ahead
Kellogg upbeat about cereal prospects
A.B.A. opposes study on added sugars
Average wheat price up $1.21 from year ago
Hostess updates Nature’s Pride packaging
Business - Ralcorp initiates strategic restructuring to reduce costs
Gavilon Group unveils new logo, brand identity
Turkington becomes Baker Thermal Solutions
Cargill completes grain elevator modernization
C.R.A. member companies back in HFCS advertising lawsuit
Hearthside Food Solutions expanding in Kentucky
Financial Results - In quarterly update, Bimbo c.e.o. offers further integration details
Dunkin’ Brands profits climb 8% in second quarter; revenues up 10%
Bunge earnings down despite strong ag operations
ADM results lower for year on negative ethanol margins
Canada Bread adjusted earnings rise 7%
Signature Interview - Food security, obesity key issues in both U.S. and Mexico
Signature Interview - Governance seen advancing under Daniel Servitje
Food Ingredient Solutions - Selecting a sustainability seal
People - Joseph Schwebel, president of Schwebel Baking, dies
Joseph Pocevicius joins Reading Bakery as engineering project manager
Tim Brozovich, former vice-president of H.R. at Metz, dies at 66
Jack Clare joins Dunkin’ Brands as c.i.o.
Weather Outlook - Drought forcing tough look at economy
Washington - Food industry voices concerns over farm bill’s biotech provisions
Data - Rice crop may be best in three years
Ingredient Market Trends
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive

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