AUSTRIA: KELLY BETTING ON NEW PACKAGING

Article Abstract:

Austria's leading snack producer Kelly saw a 2.3% fall in turnover to Sch 1.058bn in 1999. The company that holds 70.1% of the Austrian market is to concentrate on the production of savoury snacks. Therefore it sold the muesli bar factory to Snack & Back, which meant the loss of turnover of Sch 30mn. A part of the decline of turnover is explained with the reduction of deliveries of peanut products to Bahlsen in Germany. However, profit was up on the 1998 figure. Kelly has invested Sch 65mn in new flavours and in the new Airpack packaging for crisps. The company expects the new packaging type to result in a 20% increase in sales in year 2000.

Sales, profits & dividends, FOOD AND KINDRED PRODUCTS, Snack Foods, Snack Food Manufacturing, Cereal Preparations, Breakfast Cereal Manufacturing, Cereal breakfast foods, Breakfast cereals

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AUSTRIA: COCA-COLA TO INVEST IN VIENNA?

Article Abstract:

The Vienna branch of Coca-Cola would not comment on reports by Walter Nettig, president of Vienna Wirtschaftskammer, according to which the US-based soft drinks giant is planning a huge investment in Austria. Mr Nettig says that Vienna will become Coca-Cola's third-biggest location after Atlanta and Mexico City. In January 2000 Coca-Cola had announced that Vienna will become the headquarters of the group for the regions Central Europe and Eurasia, which comprises 35 countries.

Canned & Bottled Soft Drinks, Soft Drink Manufacturing, Capital expenditures, Bottled and canned soft drinks, Soft drinks, Coca-Cola Co. (Atlanta, Georgia), KO

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