Milling & Baking News - January 11, 2011 - 32

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32 / January 11, 2011 Milling & Baking News

leading the way was the March purchase of Northfield, Ill.based Kraft Foods Inc.'s frozen pizza business.
Additionally, Nestle released "Creating Shared Value,"
a new global business strategy report that describes efforts
under way within Nestle's five U.S. operating companies
- Nestle USA, Nestle Waters North America, Nestle Purina
PetCare Co., Nestle Nutrition and Nestle Professional - in
the areas of nutrition, water and rural development. In the
area of nutrition, Nestle said in the report that it is striving to
improve the nutritional profile of its products by reducing or
removing salt, sugar and trans fat, and by adding nutritious
ingredients such as vegetables and whole grains.
Aryzta A.G. closed 2010 at 43.15 Swiss francs, up 12%
from 38.55 Swiss francs in 2009. Aryzta delved deeper into
U.S. baking with the acquisitions of Fresh Start Bakeries and
Great Kitchens for a combined $1.08 billion in two separate
transactions that are expected to double the Swiss-based
company's manufactured volumes. Aryzta also completed
the acquisition of the 50% interest in Maidstone Bakeries
from Tim Hortons for C$475 million. Maidstone Bakeries
provides Timbits, donuts, pastries and certain bread products for the Tim Hortons restaurant system.
Danisco A/S in Denmark rose 46%, closing at DK510
after finishing at DK348.5 in 2009. The company said its
sweeteners business benefited from initiatives focused on
capacity reduction at certain sites and efficiency measures
resulting in staff deductions.
Share price movement in Japan was mostly downward.
Nisshin Seifun, the Japanese holding company that includes Nisshin Milling, Japan's largest flour miller, closed
at Y1031, down 18% from Y1256 a year earlier, while Nippon Flour Milling fell 13% for the year, closing at Y402, and
Nissin Food Products, a leading manufacturer of instant
noodles, fell 4%, closing at Y2910.
Baking leaders Yamazaki Baking and First Baking also
trended down in 2010. Yamazaki closed at Y979, down 11%
from Y1101 in 2009; First Baking, meanwhile, finished at
Y94, down 22% from Y121 in 2009.
Indonesia's Indofood, one of the largest food producers
in Asia, continued to move upward, following up a 282%
gain in 2009 by rising 37% in 2010 to R4875.
In South Africa, Tiger Brands Ltd. posted its second
straight year of gains, finishing up 14% at R19363. The increase followed a 19% gain in 2009.
Egyptian companies engaged in flour milling mostly
were lower with the exception of Middle and West Delta
Flour Co., which rose 13%, and East Delta Flour Co., which
was up 9%. Egyptian Starch fell 17%, while Upper Egypt
Flour was down 17%, Alexandria Flour was down 14%,
South Cairo & Giza Flour Mills fell 14%, Middle Egypt
Flour was down 4%, and North Cairo Flour fell 4%.
In Africa, Flour Mills Nigeria P.L.C. soared 111%. Flour
Mills Nigeria is primarily involved in flour milling, pasta
production and cements production.
In Spain, Ebro Puleva S.A. shares rose 9% to €15.83 from
€14.53. Ebro, which is the parent of Riviana Foods Inc., in December detailed plans to build a new facility in Memphis, Tenn.,
that will produce ready-to-serve, microwavable rice products
under the Minute Rice brand. The ready-to-serve rice plant
will be integrated into Riviana's 400,000-square-foot processing
and packaging plant in Memphis. Additionally, Riviana is in
the process of consolidating operations from its Houston and
former Memphis plants to the new facility. That transition is
expected to be completed by the end of the first quarter of 2011.
In Chile, Quinenco closed the year up 58%. Molinos Rio
Plata in Argentina closed up 135% from its 2009 finish. MBN
bakingbusiness.com / world-grain.com

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Milling & Baking News - January 11, 2011

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