FoodProductionDaily.com takes a look at the latest financial results from MWV, Berry, O-I and Ball Corporation to see which are the key market trends.
MeadWestvaco (MWV) reported that in the Food & Beverage segment, sales were $744m in Q4 2012 compared to $754m in Q4 2011 and profit was $53m in Q4 2012 compared to $31m in Q4 2011.
Volume growth in beverage, aseptic liquid packaging and targeted food packaging was more than offset by declines in general food packaging.
Beverage packaging volumes in North America continued to outperform market trends as volumes grew with major beer customers and the company gained share with carbonated beverage brand owners.
Beverage volumes in Asia grew strongly due to market penetration with both global and regional brand owners. In Europe, beverage volumes were unchanged. Liquid packaging volume growth was driven by gains with targeted dairy customers.
The decline in overall food packaging volumes was due to aggressive inventory management actions by converters as the quarter progressed. This was partially offset by strong gains in higher value food packaging markets, such as frozen food.
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