DOCSLIB.ORG

PM Times the Newsletter of PM Group Employees

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PM Times the Newsletter of PM Group Employees Also inside Your New Website Issue 03 2018 PM Times The newsletter of PM Group employees Construction Summit Pharma Facility of the Future in this issue… IFF China achieves production licence Message from our CEO Click to view Dave’s video message In terms of Health and Safety, after and our new colleagues in Edinburgh, a very challenging year in 2017 the Manchester and Puurs in Belgium, you last 12 months have seen much are very welcome to PM Group. You improved results. OSHA Darts and are also part of the success achieved TRIRs were well down and within our this year. target ranges. However we need to be constantly vigilant, so as we approach We continue to invest in important the holiday season and when starting areas such as our office network, up construction sites in the New Year, critical support systems, a new please stay safe. website, new cost management system and many other improvements. As a fully employee owned business, PM Group is OUR company and 2018 Despite being incredibly busy, many is on course to be our best year ever. of you found time to give back as At over 2,500 people, our team is at part of our CR programme. I want to its largest in our 45 year history. With a particularly acknowledge everybody very strong booked workload, we can who got involved in those initiatives enter 2019 with confidence. during the year. If anything challenged us in 2018, it Finally thank you most sincerely for was probably that we were at times your great work this year, whether so busy that people were stretched in on projects, out on client sites or in important areas. We have addressed support areas. You have contributed so this through overtime, MOE, work- much to our most successful year ever. At the end of another very sharing and transferring people across offices. We have also established a Wishing you and your families a very successful year, I would like to new Group Recruitment function under happy holiday and a great New Year. David Egan. This is helping to bring a thank you all and give you a few lot of new talent into the organisation. Thank you! important messages. For those of you who joined us in Dave 2018, in particular the new graduates Your new website is now live! The new PM Group It’s a great place to keep up to date on Thanks... everything in PM Group. website is full of news, Our thanks goes to all the The website project has been a content owners and contributors. It will stories, projects collaboration involving a big team across let us tell our story and connect with and all the latest on all our offices, sectors and services. more people than ever before. innovation, people, Through this new digital hub, we will bring people to our world and tell them Check it out at: jobs and more. about the great people, teams, services www.pmgroup-global.com and career opportunities we can offer. Watch a video about this project IFF greenfield flavours facility completion “Project Swan was a great success achieving “Taking 26 months from The China team recently the production licence 3 months ahead of concept to completion, handed over International Schedule in December.” the combined effort and Tony Zha, IFF Project Manager. collaboration between the 20 Flavors & Fragrances plus companies involved and (IFF) ‘Project Swan’ in The 16,000 sq m development incorporates over 2,200 workers on site led process technologies for class A and C liquid to successful completion.” Zhangjiagang. and powder flavours. The new plant will provide Max Hong, Project Manager. additional capacity of 24,000 tonnes per annum. “The strong safety culture Comprising five main buildings, the Phase 1 was our core strength during project includes production, support functions and this project and a key to utilities. The production building and warehouse driving our future success.” achieved LEED Silver certification. Later phases Derek Mowlds, Asia Managing are planned to include spray drying and a future Director capacity increase. Children’s Calendar Art Competition “The 2018 Children’s Calendar Art Competition is based on our safety theme ‘Look out for Each Other’. We were really delighted by the creativity and understanding of safety amongst our young artists. Most of them are children of PM Group personnel from across the organisation.” “The art included collages, colourful drawings and loads of imagination! From the entries, 13 have been chosen to create our 2019 safety- themed calendar.” The Calendar will be available to purchase in early January Barry Reilly, Group Head of Health and Safety and proceeds will go to local charities. Construction Health and Safety in focus at Summit Attendees at the Rochestown Park Hotel in Cork The fifth annual Construction Services Summit provided “A key output from T Tell somebody if a unique opportunity for colleagues to interact and share the Summit is the you are struggling Construction Services their experiences and knowledge. Attended by senior TALK Initiative. management and a cross-section of Construction Services In conjunction personnel from across the Group, it featured presentations, with PM Group’s Advice is available workshops, site visits and interactive sessions. Employee Assistance A and free Programme this ‘Construction Health & Safety’ was this year’s key topic with initiative will be particular emphasis on our health and safety culture and the latest introduced on our innovative developments from a construction health and safety construction sites Life is for living perspective. during 2019.” L not working Colm Fitzgerald, Also in focus was the mental health and welfare of Construction Construction Services Services personnel. PM Group colleagues gave powerful Director presentations about their experiences. They stressed the importance Keep talking of being willing and able to discuss our health issues with family, K friends or work colleagues. Gerard Barlow, Conor Sych John Harte, Stephen Costello Diarmuid O’Sullivan, Ivan Coonan, Mike O’Connell John Hassett Tomasz Rózański, Michal Patalong Gearoid Ryan Tim Gallagher, Dermot O’Dwyer, Brian Hanrahan Aidan Heavin, Mick Barry Action Point demo Mark Bell, Joachim Vandeput Piotr Kulicki Pharma Facility of the Future The face of pharmaceuticals manufacturing is changing. New types of drugs are now being developed that have new modalities (modes of action on the body). Amongst them are cell therapy, gene therapy, bispecific antibodies and antibody drug conjugates. Some of the new drugs (such as CAR-T Watch the video therapies) show amazing promise in treating diseases like cancer. “These new drugs PM Group’s specialist pharma team has visualised and at-line process analytical technologies that utilise different types of a Facility of the Future shaped by different types facilitate fully automated production with automatic equipment and different of products and manufacturing scales. The product release. scales of production key requirements are flexibility of the installed facility. The industry is equipment and agility to deal with change. These are exciting times for pharma buzzing with discussion manufacturing. New innovations offer the of what the ’Factory of At the same time, companies are encountering a prospect of developing cures for serious illnesses the Future’ will look like”. raft of new technologies that are changing the way and transforming many diseases into treatable Andy Rayner, Director of a factory works. These range from autonomous conditions. All will bring new options and hope for Technology and Pharma robotics and cobots (robots that work alongside patients. Sector Head humans), to single-use technology, and new in-line Plug and Play standardisation for the biopharmaceutical industry BioPhorum’s Technology “Plug and Play is seeing We were delighted to host the Plug and Play Roadmap initiative is a cross key players in industry software Proof of Concept test at our Southampton collaborating to develop a office in November. The test saw Process Control industry collaboration aiming System suppliers successfully operating two steps of standard for the interface to accelerate the adoption a bioreactor process on equipment from 3 different between autonomous suppliers, using a common parameter definition and on of technologies in the biopharma skids and the same network. biopharmaceutical industry. supervisory control systems. The Plug and Play project team will finalise and The aim is to allow the publish a first version of the standard in 2019 and One of its current technology interchangeable use of move to implementation in 2020. projects, Plug and Play, is equipment skids from different focused on developing automation manufacturers, bringing “We look forward to continuing PM Group’s active standardisation within the industry. significant reductions in membership of the Plug and Play initiative, ensuring that we are well placed to support the design of new design, build and validation facilities that want to take advantage of the standard in Watch the video of the times for the interfaces.” the future”, said Keith. event here Keith Morris, Automation SME Mondelēz opens new gum and candy pilot plant Mondelēz International is one of the world’s largest snacks companies. Its brands include Milka, Jacobs, Oreo and Alpen Gold amongst others. PM Group has a 15 year relationship with Mondelēz and in 2017 our Polish team supported the company in the development of a new research and development quality centre at its Bielany Wroclaw site. Subsequently, the centre was expanded to include a new gum and candy pilot plant. The new plant incorporates development kitchens, a laboratory and ancillary facilities. Candy and chewing gum product development activities will focus on brands such as Stimorol, Halls, Trident, Trebor and many others. “Design was developed in close co-operation with the client and in compliance with Mondelēz International’s stringent technical standards.
Load more

Recommended publications
  • Mondelez International Announces $50 Million Investment Opportunity for UK Coffee Site
    November 7, 2014 Mondelez International Announces $50 Million Investment Opportunity for UK Coffee Site - Proposal coincides with Banbury coffee plant's 50th anniversary - Planned investment highlights success of Tassimo single-serve beverage system - Part of a multi-year, $1.5 billion investment in European manufacturing BANBURY, England, Nov. 7, 2014 /PRNewswire/ -- Mondelez International, the world's pre-eminent maker of chocolate, biscuits, gum and candy as well as the second largest player in the global coffee market, today announced plans to invest $50 million (£30 million) in its Banbury, UK factory to build two new lines that will manufacture Tassimo beverage capsules. Tassimo is Europe's fastest growing single-serve system, brewing a wide variety of beverages including Jacobs and Costa coffees and Cadbury hot chocolate. The decision is part of Mondelez International's multi-year investment in European manufacturing, under which $1.5 billion has been invested since 2010. The planned investment will create close to 80 roles and coincides with the 50th anniversary of the Banbury factory, which produces coffee brands such as Kenco, Carte Noire and Maxwell House. The Tassimo capsules produced in Banbury will be exported to Western European coffee markets in France and Spain as well as distributed in the UK. "Tassimo is a key driver of growth for our European coffee business, so this $50 million opportunity is a great one for Banbury," said Phil Hodges, Senior Vice President, Integrated Supply Chain, Mondelez Europe. "Over the past 18 months, we've made similar investments in Bournville and Sheffield, underscoring our commitment to UK manufacturing.
    [Show full text]
  • Discovering Gems in Social Media That Will Add Value to Your Business CIO Forum
    Discovering Gems In Social Media That Will Add Value To Your Business CIO Forum 13 November 2014, Oslo Key Messages … “ The complexity of digital media, having to manage it from a global to a local level, is growing exponentially – # of pages, content, ownership, governance, aligned across brands, etc.” “ This creates tremendous opportunity and risk challenges for all organizations.” “ Today, I will share two examples of how organizations advantage both: 1. Understanding, measuring and mitigating risk 2. Developing strategic, competitive insight “ One guarantee – it is an evolutionary process and who knows what more will come.” Page 2 CIO Forum. 12 November 2014, Oslo. © Ernst & Young, 2014 Volumes / channels keep growing and growing and growing Mondelez and 9 of its Leading Brands on Social Media (1 January 2010 to 15 Mar 2013) 1 2 4 3 Source: EY Research, conducted using licensed toolset from [1] products: Belvita, Cadbury, Carte Noire, Côte d’or, Halls, Hollywood, Jacobs, Kenco, Milka, Oreo, Crimson Hexagon. As of 15 March 2013. Philadelphia, Stimorol, Tassimo, Toblerone, Trident, Page 3 CIO Forum. 12 November 2014, Oslo. © Ernst & Young, 2014 Current social media analysis simply reveals the tip … Marketing and Brand and community product Issues and programming Competitor sentiment complaints insight Page 4 CIO Forum. 12 November 2014, Oslo. © Ernst & Young, 2014 … of an iceberg of insight. A “deeper dive” can reveal so much more. Marketing and Brand and community product Issues and programming Competitor sentiment complaints insight Customer Risk management Competitive experience benchmarking design Stakeholder Consumer Acquisition analysis insight targeting Operating model efficiency Legal debate Supply chain Strategic improvements direction Human resource strategy Counterfeiting and trafficking Page 5 CIO Forum.
    [Show full text]
  • Jacobs Ceases Quest for Tenure White to Retire As Trinity Dean Off-Campus
    ANNUAL SEND-HOME EDITION It's the Olympics, y'all!!! Take a iook at an insider's view ofthe impact that The Centennial Games are THE CHRONICLE having on Atlanta. See Currents. WEDNESDAY. JULY 24, 1996 DUKE UNIVERSITY DURHAM, NORTH CAROLINA Jacobs ceases quest for tenure By MARSHA JOHNSON appeal was primarily based reconsidered. After this ap­ Timothy Jacobs, assistant on his conclusion that the na­ peal was denied, Jacobs ap­ professor of civil and envi­ ture of the process would pealed to the ombudsman in ronmental engineering, said prevent his concerns from March and was again denied. he will not appeal to the Fac­ truly being considered. "It Members of Jacobs' de­ ulty Hearing Committee and looked like the odds are partment expressed their re­ will therefore end stacked against grets that he will no longer his fight for me," he said. be working at the University. tenure. He will An appeal to the "His leaving is to the detri­ begin a job Aug. 1 FHC would have ment of our department and in the research de­ been Jacobs' next our students," said Eric Pas, partment of Sabre step in the tenure associate professor of civil Decision Technolo­ appeals process, and environmental engineer­ gy, a consulting which began in ing. firm in the Dallas- February when Criticism has surrounded Fort Worth area. Provost John Stro­ the decision, from both stu­ "We're excited hbehn denied Ja­ dents—who organized a rally about it," he said of Timothy Jacobs cobs' December March 28 in protest of both he and his family.
    [Show full text]
  • Kraft Foods Inc
    Contacts: Kris Charles (Media) Mark Magnesen (Investors) 847-646-6251 847-646-3194 [email protected] [email protected] Kraft Foods Inc. Reports Third Quarter 2005 Results • Top-line momentum improves with net revenues up 4.4% and ongoing constant currency revenues up 3.6% • Diluted E.P.S. from continuing operations down 11.1% to $0.40 due to significantly higher commodity and energy costs and a prior year tax favorability; results in both years include $0.02 in exit and implementation costs for the restructuring program • Full-year 2005 earnings guidance reduced to $1.68 - $1.71, reflecting higher than expected energy, packaging and dairy costs NORTHFIELD, IL – October 18, 2005 – Kraft Foods Inc. (NYSE: KFT), a global leader in branded food and beverages, today announced third quarter 2005 results. Net revenues grew 4.4% in the quarter, with ongoing constant currency revenues up 3.6% from broad-based growth in North America, Europe and developing markets. Top-line growth reflected a balance of volume gains, positive product mix and commodity-driven price increases. Despite the solid top-line growth, third quarter diluted earnings per share from continuing operations declined 11.1% to $0.40 due to higher commodity and energy costs and a prior year tax favorability. As a result of higher than projected commodity costs that continue to impact the overall food industry, as well as the company’s decision to balance top-line growth and cost recovery through pricing, full- year 2005 guidance for diluted earnings per share was reduced to $1.68 - $1.71 from $1.73 - $1.78.
    [Show full text]
  • Mondelez International Joins Chocolate Industry's 'Cocoaaction' Through World Cocoa Foundation
    May 23, 2014 Mondelez International Joins Chocolate Industry's 'CocoaAction' Through World Cocoa Foundation - Coordinates Support from 12 Largest Global Cocoa Companies - Focuses on Boosting Supply Chain Productivity and Community Development - Complements Mondelez International's $400 Million Cocoa Life Sustainability Initiative DEERFIELD, Ill., May 23, 2014 /PRNewswire/ -- Mondelez International, the world's largest chocolate company and a proud member of the World Cocoa Foundation since 2004, is lending its support for the chocolate industry's "CocoaAction" sustainability strategy announced earlier this week during the visit by its board of directors in West Africa. CocoaAction brings together 12 of the largest companies in the cocoa industry under the World Cocoa Foundation to voluntarily coordinate and align their sustainability efforts, boost their impact and contribute to building a rejuvenated and economically viable cocoa sector. "As a founding member of the World Cocoa Foundation, we're proud to have played an active role in shaping CocoaAction," said Bharat Puri, President, Global Chocolate, Gum and Candy. "We believe in the power of major chocolate and cocoa companies working together to maximize the industry's ability to create thriving cocoa communities and help secure the future of the cocoa industry. We're pleased our signature Cocoa Life program, launched in 2012, aligns with the CocoaAction strategy, and we welcome the support from the governments of Ghana and Cote d'Ivoire for CocoaAction." Mondelez International will continue to expand its Cocoa Life sustainability program, a $400 million, 10-year effort plan based on its successful Cadbury Cocoa Partnership in Ghana, which has promoted gender equality in cocoa production since 2008.
    [Show full text]
  • Letter to Investors EN
    L''é ± I½'±é 2010/11 E_04_BC_AR11_Letter-Investors_(Layout CS5) [P].indd 1 11.11.11 12:19 BÞéé_ CÞùù'|Þ< With annual sales of about CHF4.6 billion (EUR3.6 billion/USD 5.0billion) for fiscal year 2010/11, Zurich-based BarryCallebaut is the world’sleading manufacturer of high-quality cocoaand chocolate – from the cocoabean to the finished chocolate product. BarryCallebaut is presentin27countries,operates around 40 production facilities and employs adiverse and dedicated workforce of about 6,000 people.BarryCallebaut servesthe entirefood industryfocusing on indus- trial food manufacturers,artisans and professional users of chocolate (such as chocolatiers,pastrychefsorbakers), the latter with its twoglobal brands Cacao Barry® and Callebaut®.BarryCallebaut is the global leader in cocoaand chocolate innovations and provides acomprehensiverange of services in the fields of productdevelopment, processing,training and marketing.Cost leadership is another importantreason whyglobal as well as local food manufacturers work together with BarryCallebaut. Through its broad rangeofsustainability initiatives and research activi- ties,the companyworkswith farmers,farmer organizations and other partners to help ensurefuturesupplies of cocoaand improvefarmer livelihoods. E_04_BC_AR11_Letter-Investors_(Layout CS5) [P].indd 2 11.11.11 12:19 Solid and profitable growth: sales volume +7.2% EBIT +15.3%1 net profit+19.8%1 Main growth drivers: Emerging markets, Gourmet and strategic partnerships New strategic pillar “Sustainable Cocoa” Financial targets confirmed 2 1Inlocal currencies; from continuing operations. 2Four-year growth targets for 2009/10–2012/13: On average 6–8% volume growth and average EBIT growth in local currencies at least in line with volume growth –barring any unforeseen events. 3 E_04_BC_AR11_Letter-Investors_(Layout CS5) [P].indd 3 11.11.11 12:19 BarryCallebaut is organized into BÞéé_ differentregions: Region Europe (incl.
    [Show full text]
  • Doğuş Çay A.Ş., with Is Investment Acting As Its Buy-Side Advisor, Had
    Do ğuş Çay A. Ş., with Is Investment acting as its buy-side advisor, had signed the Share Purchased Agreement in acquiring 100% shares of Kraft Gıda San. ve Tic. A. Ş, a salty snacks company owning brands of Patos, Cipso and Çerezos and a subsidiary of Mondelez International Inc. As of April 5th, the final procedures have been completed and the transaction has been closed. Do ğuş Çay has been established in 1985 as a family business. It has 5 tea processing factories, of which 3 are the biggest tea processing factories in the World, in Rize and 1 packaging factory in Ordu with the annual manufacturing capacity of 35,000 tons. The investments starting out with bulk tea, continued with teabag tea, green tea and herbal-fruit teas in the later years. Do ğuş Çay also diversified its operations into sugar and tomato paste production Mondel ēz International, Inc. (NASDAQ: MDLZ) is a snacks company with revenues of 35 billion USD in 2012. The Company is a global leader in chocalate, biscuits, candy, chewing gum, coffee and powder drinks in 165 countries with Cadbury, Cadbury Dairy Milk, Milka chocalate, Jacobs coffee , LU, Nabisco and Oreo cookies, Tang powder drink and Trident chewing gum brands, each having revenues of around 1 billion USD. Mondel ēz International is a member of Standard and Poor’s 500 and NASDAQ 100 and Dow Jones Sustainability Index. Modelez Turkey Mondel ēz International is the leader in chewing gum and candy categories in Turkey with First, Falim, Kent, Olips and Jelibon brands. Besides, Mondel ēz International has a strong market position in chocalate and coffee categories with its global brands such as Milka, Toblerone and Jacobs.
    [Show full text]
  • Trading for Kraft Foods Group and Mondelēz International to Begin September 17
    September 14, 2012 "When-Issued" Trading For Kraft Foods Group And Mondelēz International To Begin September 17 NORTHFIELD, Ill., Sept. 14, 2012 /PRNewswire/ -- Kraft Foods Inc. (NASDAQ: KFT) announced today that it expects shares of Kraft Foods Group, Inc. common stock and Mondelēz International, Inc. common stock ex-distribution to begin trading on a "when-issued" basis on The NASDAQ Global Select Market on Sept. 17, 2012, under the symbols "KRFTV" and "MDLZV," respectively. Kraft Foods Inc. will continue to trade, with the entitlement to the shares of Kraft Foods Group, Inc. common stock that will be distributed in the spin-off, on The NASDAQ Global Select Market under the symbol "KFT." Kraft Foods Inc. will complete the spin-off of Kraft Foods Group, Inc. (which will hold the North American grocery business) at 5 p.m. EDT on Oct. 1, 2012 (the "distribution date") through a pro rata dividend of all outstanding shares of Kraft Foods Group common stock it owns to its shareholders of record as of the close of business on Sept. 19, 2012 (the "record date"). On the distribution date, each Kraft Foods Inc. shareholder will receive one share of Kraft Foods Group common stock for every three shares of Kraft Foods Inc. common stock held by such shareholder on the record date. Trades made in the ex-distribution market of Mondelēz International, Inc. (under the ticker symbol "MDLZV") will not carry rights to receive shares of Kraft Foods Group in the spin-off. Kraft Foods Group is expected to begin "regular-way" trading on The NASDAQ Global Select Market on Oct.
    [Show full text]
  • Charlie and the Chocolate Factory, on the Design
    Faced with serious health conditions, these people chose us. Whether your condition is common or complex, where you go fi rst is critical. At The University of Kansas Health System, we see things other doctors may not look for. That’s why hundreds of people who were not expected to live came here and survived. As the region’s premier academic medical center, we have more specialists working together to solve your problem. That’s a crucial difference. Why trust your life to anyone else? ADVANCING THE POWER OF MEDICINE® Choose the right care fi rst. Your treatment begins by connecting with our care coordinator at 913-588-1227. © The University of Kansas Health System grown by hand made by hand 816.221.7559 | bluebirdbistro.com 1700 Summit Street L iving fully today. And tomorrow. To learn more about our continuum of care community in Olathe, visit: Cedar Lake Village Hoeger House Senior Living Apartments Post-Acute Rehabilitation ARA'S ORIENTAL RUG GALLERY Sales, Consignment, Wash & Restoration and Villas Extended Stay Nursing Care Assisted Living | Memory Care hoegerhousekc.org cedarlakevillagekc.org All faiths or beliefs are welcome. © 2019 The Evangelical Lutheran Good Samaritan Society. All rights reserved. 193236 Mon by appt. | Tues - Fri 10-5 | Sat 10-4 210 West 75th Street Kansas City, Mo 64114 | 816-333-1467 | www.arasgallerykc.com 4 5 NETworks Presentations presents present Book by Music by Lyrics by FEB. 15–16 FEB. 21 MAR. 7 DAVID GREIG MARC SHAIMAN SCOTT WITTMAN MARC SHAIMAN Based on the novel by ROALD DAHL Songs from the Motion Picture by LESLIE BRICUSSE and ANTHONY NEWLEY Starring CODY GARCIA STEVE McCOY CAITLIN LESTER-SAMS AUDREY BELLE ADAMS ZAKIYA BAPTISTE KATIE FAY FRANCIS SCOTT FUSS BRANDEN R.
    [Show full text]
  • Company News
    COMPANY NEWS Sofia, 17 September 2020 Nova Brasilia coffee celebrates production of its 500 millionth pack for the Bulgarian market JACOBS DOUWE EGBERTS (JDE), a global coffee and tea company, today celebrated the production of the 500 millionth Nova Brasilia coffee package at its international manufacturing facility in Kostinbrod during a small ceremony, held under strict COVID-19 social distancing protocols, attended by members of the Bulgarian diplomatic community. The pack was presented as a gift to the mayor of Kostinbrod, Mr. Traiko Mladenov, in recognition of the 25 years of partnership between JDE and the city. Among the attendees was H.E. US Ambassador, Mrs. Herro Mustafa; Deputy Ambassador of the Netherlands, Mr. Jurrien van der Horst; Deputy Minister of Economy, Mr. Stamen Yanev; and the Mayor of Kostinbrod, along with selected JDE leaders and other members from the Bulgarian diplomatic community. Following a virtual tour of the coffee facility, attendees were briefed by the Institute for Market Economics on their recent study which demonstrates JDE’s positive economic impact for Kostinbrod and the surrounding community. During her visit, H.E. U.S. Ambassador to Bulgaria, Mrs. Herro Mustafa, said: “I enjoyed my visit to the Dutch-American Jacobs Douwe Egberts Peets’ plant today with my Dutch colleagues. JDE Peet’s is the world’s largest pure-play coffee and tea company and operates in over 100 countries. They have invested millions of dollars in the last 25 years in their Kostinbrod factory and employ 84 local employees to make coffee that is consumed throughout the region. I am proud to see American-invested companies like JDE Peet’s working in Bulgaria for the benefit of us all.” Born in 1991, Nova Brasilia is the market leader for Bulgarian Roast and Ground coffee and awakens Bulgarian coffee lovers each day.
    [Show full text]
  • Media Corporate IR
    Contacts: Michael Mitchell (Media) Christopher M. Jakubik (Investors) 847-646-4538 847-646-5494 [email protected] [email protected] KRAFT HIGHLIGHTS STRATEGIC AND INTERNATIONAL GROWTH PROGRESS AT LEHMAN BROTHERS BACK-TO-SCHOOL CONSUMER CONFERENCE - 2008 Guidance Updated to $1.88 EPS, Excluding Items, Reflecting Post Cereals Split-off - 2009 Guidance of at Least $2.00 EPS (GAAP) Announced BOSTON – Sept. 3, 2008 — Today, at the Lehman Brothers Back-to-School Consumer Conference, Kraft Foods Inc. (NYSE:KFT) provided investors with an optimistic review of the company’s progress at the midpoint of its three-year turnaround plan. In particular, the company outlined advances at Kraft International, currently a $16 billion business and a key driver of Kraft’s growth plans. Management also updated financial guidance for 2008, reflecting the recent split-off of the Post cereals business, and provided initial 2009 guidance. Hitting Our Stride in 2009: At Least $2.00 Per Share “At the midpoint of our three-year turnaround, we’re successfully rebuilding our brands through investments in quality, innovation and marketing across our global portfolio,” said Irene Rosenfeld, Chairman and Chief Executive Officer. “We’ve rejuvenated some of our biggest businesses and created new incremental platforms that we can leverage across brands and categories. As a result, our brands are more relevant to consumers, who are seeking value during tough times. Rebuilding our brands combined with improved execution at retail have been key to driving solid volume and mix growth despite significant cost-driven price increases.” Rosenfeld continued, “Most importantly, we’re delivering improved financial results.
    [Show full text]
  • Kraft Foods Inc (Kft)
    KRAFT FOODS INC (KFT) 8-K Current report filing Filed on 05/18/2012 Filed Period 05/15/2012 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): 05/15/2012 Kraft Foods Inc. (Exact name of registrant as specified in its charter) Commission File Number: 1-16483 Virginia 52-2284372 (State or other jurisdiction of (IRS Employer incorporation) Identification No.) Three Lakes Drive, Northfield, IL 60093-2753 (Address of principal executive offices, including zip code) (847) 646-2000 (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01. Other Events On May 18, 2012, Kraft Foods Inc. issued a press release announcing that the U.S. Internal Revenue Service has provided a favorable private letter ruling confirming the tax-free status of the planned spin-off of our North American grocery business and certain related internal reorganization transactions.
    [Show full text]