Asia Pacific Sales in Asia Pacific were flat. The mature markets of Asia declined due to the weak economic situation, particularly in Japan. The developing markets overall showed a good growth with India, Indonesia, Thailand and the Philippines leading the way.
Europe, Africa and Middle East Sales in the region declined slightly. The impact of destocking in the mature markets could almost be compensated by a strong increase in the developing markets of the region. Sales in the Central and Eastern European markets have been strongly impacted by the economic crisis whilst sales in Africa and the Middle East showed a strong performance.
North America Sales in North America declined at a low single digit rate. The heavy destocking could be partially offset by the positive impact of new wins.
Latin America Sales in Latin America increased at a double digit rate, driven by new wins. All markets contributed to this strong performance especially Brazil, Argentina and Mexico. The confectionary and savoury segments achieved double digit growth.
marketing@alchempro.com
