Tetra Pak sales up in India by 19%Tetra Pak 2014 net sales up 1.7% to Euro 10.9 billionIn India, Tetra Pak grew by 19%. “The company’s India packaging solutions (including exports) reported net sales of Euro 204 million (Rs 1,865 crore), a 19% increase from 2013. Packaging material volumes (including exports) also grew to 8,494 million packs from 7,457 million packs in 2013,” says the Tetra Pak press release.
Tetra Pak president and CEO Dennis JönssonAccording to the global food processing and packaging material giant,
the global environment remains volatile and uncertain while the Indian
economy shows signs of revival and optimism reflected in higher GDP
growth and lower inflation. Kandarp Singh, managing director of Tetra
Pak for South Asia markets says, “We will remain firmly on the growth
path and continue to drive customer focus through improved customer
service and innovation. We expect growth to improve further with
consumers becoming more demanding and willing to experiment with
innovative products and packaging options in the market.”
Pak achieved net sales of Euro 10.9 billion globally in 2014, up 1.7%
over 2013. Strong growth in capital equipment and technical sales helped
to overcome a somewhat disappointing year for sales of packaging
material. “Against the backdrop of a tough year, with slower packaging
material growth than originally expected, we saw clear evidence that our
business strategy is working. Capital equipment sales reached almost
Euro 2 billion and technical sales topped Euro 1 billion for the first
time in the company’s history. Our processing business closed the year
with a record high order backlog, up 20% compared with the end of 2013.
And we saw a significant increase in sales of our advanced packing
formats – 7.1 billion more packs reached the shelves in 2014 than in
2013, offering customers optimal functionality and differentiation,”
commented Dennis Jonsson, president and CEO, Tetra Pak.