Despite posting record earnings, with a net income increase of 16%, up to $449 million, Australian company Coca-Cola Amatil’s share price dropped today. Stock market experts described Coca-Cola Amatil’s results as ’solid’, but not good enough to justify its share price. Developing markets Indonesia and Papua New Guinea posted revenue growth of almost 22%, and the Food & Services Division (including SPC Aardmona) reported earnings growth of over 20%. Strong performance... ...Read more »
Coca-Cola Amatil has announced the appointment of Martin Jansen to the role of non-Executive Director, effective immediately. Mr Jansen will take the vacated position of Irial Finan in one of the two board positions reserved for major shareholder The Coca-Cola Company. He is currently the CEO of Coca-Cola China Industries Ltd and also responsible for TCCC’s investment interests in Shanghai. “We are delighted that Martin, with his extensive knowledge and experience of fast moving consumer... ...Read more »
Woolworths, Wesfarmers and Lion Nathan have been among the big winners when it comes to brand value gains over the past year, with Woolworths claiming top spot as Australia’s most valuable brand owner. The research by Brand Finance showed half of the top ten most valuable brands were indeed companies with strong links to the food and beverage sector. Beyond Woolworths, Coles owner Wesfarmers, soft drink maker Coca-Cola Amatil and brewers Lion Nathan and Foster’s made the top ten. Wesfarmers,... ...Read more »
Australia’s largest soft drink manufacturer has been awarded the prestigious Manufacturing Logistics Award at the Supply Chain & Logistics Association of Australia’s recent national awards ceremony in Melbourne. The award recognises the achievements of Coca-Cola Amatil’s supply chain remodelling program ‘Project Jupiter’, which the company says has “substantially improved order fulfilment efficiency, reduced distribution and transport costs, and cut greenhouse... ...Read more »
Ocean Spray has announced that, from March 2010, manufacturing giant Heinz will manufacture and distribute the Ocean Spray range of beverages and sauces in Australia. Heinz will takeover from Coca-Cola Amatil who, via their subsidiary SPC Ardmona, began a three-year production deal with Ocean Spray in 2007. The partnership will boost Heinz Australia’s share of the grocery ambient fruit juice/juice drink category to around 28% in the wake of last year’s Golden Circle purchase and offers... ...Read more »
Coca-Cola Amatil today opened its new distribution centre at Eastern Creek in New South Wales, which is partially powered by almost 700 solar panels. The $1.2 million 110 kilowatt solar photovoltaic system will generate 148 megawatt hours of clean renewable energy every year, translating into a reduction in greenhouse gas (GHG) emissions of 148 tonnes annually and providing more than 15% of the distribution centre’s energy needs, the manufacturer advised. Other environmentally sustainable features... ...Read more »
Australia’s largest soft drink producer today announced they remained on track to meet their guidance for the full year, while Mother and Glacéau vitaminwater continue to outperform expectations. “The Australian beverage business achieved solid volume and revenue growth in the third quarter,” the firm advised in their trading update. “Transaction volume growth, being the number of physical beverage packs sold, also remained robust as the business continued to benefit from... ...Read more »
Coca-Cola Amatil boss Terry Davis has signed a new agreement with the soft drinks firm that is likely to ensure his position beyond 2011. The deal will see him employed on term based a 12-month rolling contract, overriding the current service agreement that was due to end in November 2011. He will consequently be required to give 12-month’s notice as opposed to the three stipulated in the previous contract. “Securing an agreement which secures Terry’s services to continue beyond... ...Read more »
Irial Finan, a Non-Executive Director at soft drinks firm Coca-Cola Amatil, has announced his intention to retire following the last Board meeting of the year - to be held on December 14-15. Mr Finan has served on the Board since August 2005 as one of two nominees from major shareholder The Coca-Cola Company (TCCC). He is leaving due to increased commitments at TCCC. “We are sad to see Irial go,” CCA Chairman David Gonski said. “He has made a very valuable contribution to CCA over... ...Read more »
Australia’s largest soft drink bottler, Coca-Cola Amatil, yesterday informed delegates at the Citigroup Australian Investment Conference that strong sales growth in the first half of 2009 had continued in the third quarter, while capital expenditure is set to rise. Nessa O’Sullivan, Chief Financial Officer - Operations, gave a brief insight into the third quarter trading performance of the firm prior to the official results presentation on November 5. Her assertions that strong momentum... ...Read more »