New products central to Kerry €5bn growth

INNOVATION and new products in every sector from food ingredients, bakery, soft drinks and syrups were central to the 2010 sales growth of 9.7% to €5 billion unveiled by Kerry Group.

New products released last year included new Cheese String Spaghetti, a new cheese string snack for the French and Dutch markets, as well as flavourings and ingredients in numerous global coffee chain stores and syrups in premium market leading ice creams.

In 2010, Kerry also expanded the global market positioning of Sheffield Bio-Science, the group’s pharma ingredients business which develops excipient and cell nutrition products for pharmaceutical, nutritional and bio-technology applications. A major player in the excipient (coatings for medicines/tablets) market, Kerry is also making ongoing investment to support global customers and regional customers in Latin American and Asia-Pacific markets, gaining good results in Brazil, China and India.