Milling & Baking News - March 1, 2016 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MARCH 1, 2016 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Profits rise, but B.B.U. adjusted sales pressured in fourth quarter Packing in protein Marketing opportunities may come through protein additions sourced from peas, beans or soy Story on Page 21 LATE NEWS Markup set for bioengineered bill WASHINGTON - Senator Pat Roberts of Kansas, chairman of the Senate Committee on Agriculture, Nutrition and Forestry, on Feb. 22 unveiled a draft of a bill titled Biotechnology Labeling Solutions that would establish a "national voluntary labeling standard for bioengineered foods." Senator Roberts called a meeting of the agriculture committee for March 1 to mark up the bill. Mr. Roberts noted, "Our draft has the overwhelming support of virtually every agricultural industry from field to fork and beyond. This demonstrates widespread concerns of significant and critical sectors of our economy regarding the Continued on Page 8 MEXICO CITY - The North American baking business of Grupo Bimbo S.A.B. de C.V. generated strong reported results in 2015, but the company also indicated underlying volume pressures during the final quarter of the year. Operating income of the North American Bimbo business (Bimbo Bakeries USA) was 5,024 million pesos ($276 million) in the year ended Dec. 31, 2015, up from 392 million pesos in 2014. Sales were 116,399 million pesos ($6,402 million), up 29% from 90,375 million pesos in 2014. For the fourth quarter, operating income was 1,356 million pesos ($75 million), compared with an operating loss of 1,881 million pesos in the fourth quarter of 2014. Fourth-quarter sales were 32,796 million pesos ($1,804 million), up 28% from 25,672 million pesos in the same period in 2014. Operating margin for B.B.U. in 2015 was 4.3%, up from 0.4% in 2014. For the fourth quarter, the margin was 4.1%, versus a -7.3% margin in the last quarter of 2014. Lifting fourth-quarter operating income in North America were lower restructuring expenses - 1,007 million pesos ($55.4 million), versus 2,259 million in the same period the year before. New integration costs in Canada lessened this benefit, specifically related to a migration to new enterprise software there. The 29% increase in sales in the fourth Continued on Page 27 Grain Foods Foundation, BEMA to partner in 'I love bread' campaign WASHINGTON - The Grain Foods Foundation (G.F.F.) and the Bakery Equipment Manufacturers and Allieds (BEMA) have committed $125,000 to a dedicated content series that will use Oprah Winfrey's "I love bread" declaration as a rallying cry for the grain-based foods industry. The dedicated content series will feature a set of "vibrant, compelling and unique social media posts" that will be connected through a common theme or style that may be shared across social media channels, the organizations said. Still in the development stage, the content series is expected to roll out by the end of March. The groups said they were inspired to act following Ms. Winfrey's declaration of love for bread in a Jan. 26 video that caused Weight Watchers International Inc.'s stock to soar and social media to buzz. Ms. Winfrey partnered with Weight Watchers beginning last October and owns 6.4 million shares, or 10%, of the company. "G.F.F. and BEMA took immediate action to dedicate resources to leverage the Continued on Page 18 http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - March 1, 2016

Milling & Baking News - March 1, 2016
Profits rise, but B.B.U. adjusted sales pressured in fourth quarter
Grain Foods Foundation, BEMA to partner in ‘I love bread’ campaign
Late News - Markup set for bioengineered bill
Table of Contents
News Comment - No reason yet to embrace G.M.O. labeling
Editorial - Must deal with attacks on bread
Late News
Business - Purchasing Seminar to feature Kathleen Parker, Pat Mitchell
More than 1,700 sign petition on biotechnology safety, benefits
Sesquicentennial celebration: Seven things you didn’t know about General Mills
Annie’s organic breakfast cereals — second time’s a charm?
Kellogg shares growth plans for Cheez-It, Pringles and Eggo
Kellogg confident in Kashi comeback
Kellogg exceeds goals for ‘Breakfast for Better Days’
Campbell Soup sees growth ahead in biscuits in China and beyond
Industry Activities - Wheat industry weighs in with wide-ranging ‘wish list’
Baker Workforce Gap Project data to be previewed at A.B.A. meeting
Ryan Pellett elected chairman of TEGMA, succeeding Mark Huston
N.G.F.A. promotes three executives to new posts
Carly Fiorina to address bakers ‘fresh off’ presidential campaign
Mondelez Cocoa Life program connecting with communities
Food Ingredient Solutions - Packing in protein
Promising signs for plant protein
Data - C.P.I. for baked foods, cereals rises 0.5% in January
White pan bread and whole wheat price dip in month
Financial Results - Pepperidge Goldfish crackers brand to splash into organic category
Acquisitions boost Americas growth at Kerry Group in 2015
Ingredient Market Trends - U.S.D.A. projects smallest wheat crop since 2006
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive

Milling & Baking News - March 1, 2016

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