Milling & Baking News - August 2, 2005 - (Page 1)

Theinewsweeklyiofigrain-basedifoods AUGUST 2, 2005 / Roizen details span of l.B.C. product, promotion pipeline K ANSAS CITY - The introduction of White Bread Fans represents only the leading edge of a revitalized innovation pipeline at Interstate Brands Corp., said the company's chief marketing officer. In a recent interview, Jacques Roizen, interim chief marketing officer of the Kansas City-based baking company, detailed additional product changes and introductions planned for the months ahead. New products include a fortified Wonder Bread targeted toward children and a line of Hostess cakes geared toward the growing U.S. Hispanic population. Also participating in the interview was LATE NEWS TORONTO - Net income at Canada Bread Co., Ltd. posted a jump of 35% to C$21,262,000 ($17,260,000) in the second quarter ended June 30, up from C$15,799,000 in the same period a year ago. Sales for the second quarter increased to C$344,610,000 ($279,756,000) from C$329,668,000 for the prior year period, primarily reflecting strength in the fresh bakery business. Richard Lan, president and chief executive officer, said strong results in the fresh bakery segment were "supported by operating cost improvements and a continued Continued on Page 8 Income jumps 35% at Canada Bread Robert P. Morgan, executiv president, sales. The marketing and new initiatives are being conduc parallel track with a plant tribution network restruct has been announced in ph re-cent weeks. In addition to offering d I.B.C. products and market interview provided a glim Alvarez & Marsal, Inc. is t fundamental change into th nation's largest wholesale ba Alvarez & Marsal was retain the I.B.C. board as workContinued on Page 24 Surging breakfast cereal sales boost second-quarter earnings at Kellogg BATTLE CREEK, MICH. - Successful brand-building campaigns and new product introductions across the North American retail cereal business helped boost net income 9% at The Kellogg Co. in the second quarter ended July 2. Net income of Kellogg in the second quarter was $259 million, equal to 63c per share on the common stock, up from $237.4 million, or 58c per share, in the second quarter of 2004. Sales were $2,587.2 million, up 8.4%. Each of the company's reporting segments posted sales growth as a result of gains in existing products, successful innovation and strong brand-building programs. "We are pleased to report another quarter of strong results," said Jim Jenness, chairman and chief executive officer. "Business momentum continued in the second quarter and we again capitalized on this strength through increased investment in future growth." While Kellogg enjoyed strength across Continued on Page 9 House approves CAFTA-DR after bitter debate WASHINGTON - The House of Representatives on July 27, by the vote of 217 to 215, approved the Central American Free Trade Agreement - Dominican Republic. The Senate earlier had approved the treaty by a vote of 54 to 45. The treaty now moves to the desk of President inside George W. Bush for his signature. The vote was a tremendous victory for the President, who personally met with wavering Republican members of Congress at the Capitol to encourage their support for the treaty. Responding to the vote, President Bush Continued on Page 16 THIS WEEK Bimbo Mexican brands up in U.S. 12 Ingredient ProFume approved for more commodities Ahead on private grain inspections 14 18 Week sponsored by 34

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Milling & Baking News - August 2, 2005