date:Aug 14, 2012
2011.
Despite the revenue decrease, progress was made in developing markets, the firm has claimed.
Progress in developing markets benefited significantly from the Durban, South Africa based Flavour Craft business acquired prior to year-end. Dairy systems volumes were negatively impacted due to challenging conditions in the soups, sauces and confectionary markets but dairy flavours recorded good growth in dairy and bakery applications.
Cereal Sweet technologies recorded a strong performance.