Page 35 - Food&Drink Magazine November-December 2021

DATA SOURCED FROM
9
INGHAM’S
Ingham’s showing resilience
REV UP/DOWN
TYPE
REV $M
PERIOD
PREVIOUS REV $M
AT THE HELM
▲
OP
2668
06/21
2555
Andrew Reeves
POULTRY producer and processor Ingham’s fell one spot this year after holding steady at number eight for three years. Chair Peter Bush said despite the backdrop of ongoing COVID-19 challenges
the business had performed strongly in FY21, with net profit after tax up 107.7 per cent on the previous year and net debt down by $240 million.
Group CEO Jim Leighton resigned in April and returned to the US for family reasons. FMCG industry veteran Andrew Reeves was appointed
CEO and managing director. Ingham’s also sold its
Hamilton feed mill in New Zealand, which released capital for higher value opportunities.
Core poultry volume grew
by 4.2 per cent on prior corresponding period, which reflected strong growth in retail and wholesale and a solid recovery in food service and quick service restaurants when lockdowns eased.
CEO Andrew Reeves said the results were underpinned by resilient demand for poultry as well as overall positive
operational outcomes flowing from its strategic plan. He said the company had a strong culture of embedding sustainability throughout its operations for the benefit of animal welfare, operational efficiencies, and competitive advantage.
Ingham’s Group Limited, trading as Ingham’s, is a locally owned public company, deriving revenue from the production and sale of chicken and turkey products. Ingham’s Group is listed on the ASX under the code ING.
10
NESTLE
REV UP/DOWN
TYPE
REV $M
PERIOD
PREVIOUS REV $M
AT THE HELM
▲
OP
2455
12/20
2288
Sandra Martinez
Nestlé taking sustainability lead
NESTLÉ Australia Limited made its way back into the Top 10 this year, after slipping to #11 in 2020. Some of its brands are Nescafé, KitKat, Milo, Maggi, Allen's,
Plaistowe, Uncle Tobys, Sustagen, and Purina pet food.
The company had a big year on the sustainability front. In January, it announced Smarties’
shift to recyclable packaging made from sustainably sourced coated paper, paper labels or cartonboard. It followed with Australia’s first prototype soft plastic food wrapper made from recycled material for KitKat bars, the result of an impressive collaborative effort between Nestlé, CurbCycle, iQ Renew, Licella, Viva Energy Australia, LyondellBasell, REDcycle, Taghleef Industries and Amcor.
Nestlé also developed caffeinated Nativ Cascara, a drink made from upcycled coffee berry husks, pledged
carbon neutral KitKats by 2025, and released vegan Oat Milks, Condensed Milk, and KitKats.
In September, the company announced it would transition to a regenerative food system, including a new living income program for farmers in its value chain, over the next five years, affecting more than 500,000 farmers and 150,000 suppliers.
The company employs some 4210 people and operates in Australia and Fiji. It is a wholly owned subsidiary of Switzerland- based food and beverage manufacturer, Nestlé S.A.
www.foodanddrinkbusiness.com.au | November-December 2021 | Food&Drink business | 35