Csm Bakery Products Details
The Dutch company said that it has reached this decision because it
is unable to invest in both its bakery and bio-ingredients businesses.
The company said it anticipates an increasing level of consolidation in
the European and US bakery sectors and it is not in a position to lead
this process if it is to focus on the development of its more profitable
bio-plastics unit."We expect there to be more consolidation in the bakery supplies industry which will require substantial financial resources. At the same time, our bio-based activities also requires significant investment to maximise their full potential," CEO Gerard Hoetmer said during a conference call with analysts following the announcement.
While the bakery businesses hold "superior market positions" their results have been impacted by "economic turmoil" that has "constrained growth investments", management said. The stable cashflow required to fund investment has also been hit by the volatility of the commodities markets and rising input costs, the company added.
Csm Bakery Products
Csm Bakery Products
Csm Bakery Products
Csm Bakery Products
Csm Bakery Products
Csm Bakery Products
Csm Bakery Products
Csm Bakery Products
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Csm Bakery Products
Csm Bakery Products
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Csm Bakery Products
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Csm Bakery Products
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Csm Bakery Products
Csm Bakery Products
Csm Bakery Products
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