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Topic: Greencore


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In the News (Mon 28 Dec 09)

  
  Greencore - Wikipedia, the free encyclopedia
Greencore ( LSE : GNC) is a food company in Ireland.
The exception is that the Irish Government holds a special share certificate (value EUR 1.26) in Irish Sugar Limited in order to prevent the Irish sugar quota being sold without its consent.
Greencore is quoted on the Irish Stock Exchange and London Stock Exchange.
en.wikipedia.org /wiki/Greencore   (285 words)

  
 Checkout 2004
Greencore Malt with production operations in England, Belgium, Scotland and Ireland, supplies 15 out of the top 20 brewers in the world and exports to over 60 countries, and Trilby Trading is the largest importer and seller of edible oils into Ireland to industrial and institutional caterers.
Greencore is the number two chilled pizza manufacturer in the UK, and is number one in Belgium and Holland.
Greencore opened a stg £24 million quiche plant in 2000, a stg £32 million cake and desert bakery in 2001.
www.checkout.ie /Feature.asp?ID=63   (2261 words)

  
 Greencore
Greencore is to close its malting plant in Carnoustie by the end of the year, with the loss of 12 jobs, in order to concentrate work at its sites in Buckie and Glenesk.
Greencore is planning to treble its production capacity for ready meals over the next two years, which could be achieved through acquisitions or by building a new factory.
Greencore is to sell two subsidiaries to Campbell Soup for about £16m, including William Rodgers, the UK pasta and rice company, and Erin Foods, the Irish soups and sauces company.
www.ukbusinesspark.co.uk /gre92186.htm   (336 words)

  
 Dáil Éireann - Volume 427 - 03 March, 1993 - Greencore Shareholding: Statements.
Greencore is a home grown indigenous company in the key food sector and, instead of using its stake to influence its future growth and expansion, it is being handed over to a multinational with no loyalty to Ireland, Irish workers or Irish growers.
Greencore is a central part of the Irish food industry and it is imperative that the Irish food industry should now try to consolidate.
Greencore is the holding company [621] of Siúicre Éireann and the special share, which may not be disposed of ensures that Siúicre Éireann may not dispose of sugar assets, including the Irish sugar quota, without the prior written consent of the Minister and I have pointed out already the Dáil's role in that regard.
www.oireachtas-debates.gov.ie /D/0427/D.0427.199303030098.html   (14823 words)

  
 Greencore   (Site not responding. Last check: 2007-10-20)
Greencore, established in 1991, is the owner of the Irish Sugar Company ( Irish : Cómhlucht Siúicre Eireann) which was established in the 1933 in a drive by the then Irish Government to promote self-sufficent industry in Ireland.
Whilst Irish Sugar was initially a private enterprise based in Carlow in 1926 it now has interests in various food products throughout Ireland.
Greencore is quoted on the ISEQ & FTSE.
www.encyclopedia-1.com /g/gr/greencore.html   (93 words)

  
 RTE Business - Greencore sells horticultural business
VHB, which Greencore acquired as part of its acquisition of Hazlewood Foods in January, grows tomatoes, herbs and cress from seven sits in Britain and one in Portugal.
As part of the transaction, Greencore will retain ownership of the freehold interest in one of the sites in Sussex, which it will rent to Humber, a leading UK grower of fresh produce.
Greencore Director Patrick Kennedy said that when the company bought Hazlewood, it said it would implement a disposal programme and this sale is part of that strategy.
www.rte.ie /business/2001/0713/greencore.html   (180 words)

  
 Business World, live news from Ireland, plus Irish archive, lists, companies information   (Site not responding. Last check: 2007-10-20)
Greencore said that it plans to close its 38,000-tonne barley-malting plant at Carnoustie in Scotland at the end of the year.
Greencore blamed the decision on overcapacity in the UK malting industry, particularly in Scotland.
Greencore's malting business is the world's sixth largest in terms of capacity with ten plants based in Ireland, Britain and Belgium.
www.businessworld.ie /livenews.htm?a=993954;s=rollingnews.htm   (342 words)

  
 Checkout 2004
Greencore claims its net interest was down 23% to _21.9 million and net debt was also down _66.1 million to _497.1 million.
Commenting on the results, Greencore Group chief executive, David Dilger, said: "These are very strong results both in terms of profitability and cashflow, and are a product of the extensive restructuring which the Group has successfully undertaken over the last two years.
Greencore chairman Ned Sullivan said the group was well positioned to continue to generate good growth in profitability from continuing operations combined with continued strong cash generation and further reductions in interest payable.
www.checkout.ie /News.asp?ID=256   (268 words)

  
 RTE Business - Greencore's operating profits up 14%
Greencore said this reflects the continued growth in the convenience food businesses which now comprise the majority of the Group's portfolio, along with 'excellent' performances in the group's more traditional businesses, particularly malt and the agribusinesses.
Greencore said the integration of Hazlewood Foods into the group is now complete and its disposal programme proceeds of €230 million have exceeded the target of €190 million.
Looking ahead, Greencore said it is well positioned to achieve further good growth from continuing operations in the current financial year, which has gotten off to a solid start.
www.rte.ie /business/2002/1127/greencore.html   (410 words)

  
 Irish Farmers Journal Interactive
Greencore planned to in future consolidate the profits from its sugar division with other divisions in its annual report, he claimed, and this would hide the high profits it was making on sugar.
Greenshare on Tuesday said it was requesting meetings with Greencore's institutional shareholders to explain to them that it was not in their best interests that current Greencore management remain in place.
Greencore's dispute with its own beet suppliers could only be settled if the sugar monopoly was genuinely committed to serious negotiations without preconditions, he said.
www.farmersjournal.ie /2001/1117/home/home3.html   (749 words)

  
 Greencore Malting Group - About Us
As part of the agreement, Greencore and Malteurop, the sixth and fourth largest maltsters in the world respectively, will provide a local barley development program, expand the capacities of the malt plants to 300,000 tonnes and improve the quality of locally produced malt, to meet SUN Interbrew’s growing needs.
Greencore Group plc have announced the appointment of John McNamara as Chief Executive of Greencore Malting Group with effect from 1st October 2001.
As Chief Executive of the Greencore Malting Group, John will report directly to Tony Hynes, Chief Operating Officer of Greencore Group plc and be responsible for the management and future strategic development of the division.
www.paulsmalt.co.uk /company_news.asp   (748 words)

  
 Greencore relishes convenience challenge — despite rising costs   (Site not responding. Last check: 2007-10-20)
Greencore in fact has plenty of experience in coping with commodity price fluctuation, having started life as an agribusiness company.
But two-and-a-half years ago, Greencore became a major player in the convenience food market with the acquisition of the Hazlewood foods business, giving it a wide range of ambient and chilled foods such as pizza, cakes, sauces and pickles, ready meals and sandwiches.
Under Greencore’s management, a number of underperforming units were sold off, and the company streamlined to focus on only those businesses with real potential for growth.
www.foodnavigator.com /news/printNewsBis.asp?id=48316   (817 words)

  
 Irish Farmers Journal Interactive - Agri-Business
Greencore has made a cash offer of Stg£28.3m for UK-based Paramount Foods plc, one of the leading suppliers of pizza crust and topped pizza, mainly in the UK, Europe and Australia.
Greencore is offering Paramount shareholders 150p Sterling for shares held in the company, which is a 35 per cent premium on the mid-market share price quoted for Paramount Foods shares, on May 20 last.
Greencore has obtained irrevocable undertakings by holders of 53 per cent of Paramount shareholders to accept the Greencore offer, regardless of a competing third party offer emerging.
www.farmersjournal.ie /1998/0808/agri_business/index.html   (600 words)

  
 Irish Farmers Journal Interactive - 2 October 2004: Greencore takes costs out
Greencore are rationalising their management structure by merging two of their food divisions.
With Greencore's financial year ending in September, changing the structure of their business at his stage will allow the synergies and benefits of this rationalisation flow through in the next financial year.
Full year results from Greencore are due out in November, but at the half year stage the company clearly signalled the competitive pressures on the business and the efforts put in by the group to recover raw material price inflation.
www.farmersjournal.ie /2004/1002/agribusiness/companycoop/analysis.shtml   (481 words)

  
 EU reform threatens Greencore sugar
Greencore, which recently announced a €1.6 million increase in operating profit to €46.6 million in its ingredients and agribusiness division, said its sugar business faced a number of challenges in 2005, from a slowdown in consumer demand to impending EU sugar reform.
Greencore marketing director Frank Gaynor said he expected the proposals to be modified but that company profits would almost certainly be hit.
One option for Greencore is to move further into other areas, and the company has already started to do this by focusing on expanding its convenience food division, which now supplies most major UK retailers.
www.foodanddrinkeurope.com /news/news-NG.asp?n=56658-eu-reform-threatens   (731 words)

  
 Carlow Nationalist: Consultants’ report on sugar plant closure ‘should be published’
Accompanying the protestors, Carlow IFA chairman John Kehoe said growers rejected Greencore’s decision to close the Carlow factory and he described the move as premature before the outcome of the EU negotiations was known.
Greencore has brought about a confrontation with two large farming sectors supplying its major agribusiness operations, sugar and malt and it seems determined to exploit its monopoly in sugar processing and its dominant position in the malt industry at the expense of farmers,” he said.
Commenting on the Greencore AGM, Senator Fergal Browne said that Greencore’s decision to close its Carlow plant made no sense if the figures outlined by the company at its AGM were correct.
www.carlow-nationalist.ie /news/story.asp?j=23226   (657 words)

  
 Laois Nationalist: Greencore Carlow factory made €10m profit in ’04
CARLOW IFA Chairman John Kehoe has accused Greencore of having “no justification” for closing the Carlow Sugar factory which he said “made a profit of at least 10m in 2004 and would make a similar profit in 2005 if it is kept open”.
John Kehoe said Greencore accounts for 2004 showed profits for their ingredients and agribusiness division up 4% to 47m with the Carlow plant alone contributing an estimated 10m.
Greencore’s move is totally premature and unjustified and is motivated by pure greed and profit seeking.
www.laois-nationalist.ie /news/cstory.asp?j=22977   (259 words)

  
 Flexibility gives Greencore an advantage   (Site not responding. Last check: 2007-10-20)
Frank Gaynor, Greencore’s capital marketing director, believes the underlying trend in this area is “a big increase in the diversity of consumers’ requirements only in the last couple of years”, and he was keen to see how far the company could take advantage of this with its proposed low-carb, low-fat and gluten-free product launches.
Greencore said in its statement that the need for flexibility was why bigger companies like itself were likely to improve, whilst smaller companies with less production and distribution capability would lose out in the UK convenience food sector.
Greencore currently only gets 29 per cent of income from retailers other than these, including forecourts, convenience stores and transport, and Gaynor wants this to rise to 35-36 per cent in the next three or four years.
www.bakeryandsnacks.com /news/news-ng.asp?n=56421-flexibility-gives-greencore   (788 words)

  
 Greencore disposes of its interest in James Budgett Sugars Limited ("Budgetts") for €9.05 million - 7 July 2004   (Site not responding. Last check: 2007-10-20)
Greencore Group plc ("Greencore") announces that it has today sold its interest in its associate, Budgetts, to Napier Brown Foods plc ("Napier Brown").
Greencore owns one third of Budgetts with ED & F Man Holdings Limited, holding the balance, the disposal of which also forms part of this transaction.
Greencore's share of the net assets of Budgetts at completion amounted to €2.98 million; in addition goodwill of €1.83 million was written off to reserves on the date of Greencore's acquisition of its stake in Budgetts and will be included in the calculation of profit on disposal
www.greencoregroup.com /investor_rel/press57.htm   (313 words)

  
 Greencore Malting Group (Pauls Malt)
Greencores malting plants are well placed in the prime malting barley-producing regions of the U.K. and are well equipped to select the best barley from each harvest.
Additionally, merchants and cooperatives selling to Greencore Malting Group have to be part of TASCC (Trade Assurance Scheme for Combinable Crops) and must meet stringent standards on their haulage, storage and laboratories.
Greencore Malt supplies the highest quality malt to brewers and distillers throughout the world backed by technical expertise and specialist export facilities.
www.ukmalt.com /memberslist/greencore.html   (377 words)

  
 Greencore Pizza Training Partnership with Deeside College Equips Employees with Skills for Life - Title   (Site not responding. Last check: 2007-10-20)
After this training partnership became established, Deeside College encouraged Greencore to apply for 'The Basic Skills Employer Pledge', which has been developed as part of the national strategy to reduce the substantial number of adults in Wales with poor literacy and numeracy skills.
As a result of all this hard work and dedication to the staff at Greencore, and the support from the union, the status has been achieved, and the new Learning Centre made possible.
The new learning centre at Greencore Pizza on the Deeside Industrial estate was officially opened by Jane Davidson AM Minister for Education and Lifelong Learning in the Welsh Assembly Government on Friday 14th January 2005.
www.fforwm.ac.uk /1756.html   (501 words)

  
 Irish Farmers Journal Interactive - Agri-Business
Greencore has made a bid for Hazelwood Foods Plc, the UK based convenience foods manufacturer, for Stg£260 million.
Greencore's chief executive, David Dilger, said that these figures disguise the good businesses within Hazelwood and that there are only a small number of businesses performing poorly and making serious losses.
If the bid is successful, Greencore's plan is to dispose of some businesses from both Hazelwood and Greencore, which is expected to yield around £120 million.
www.farmersjournal.ie /2000/1118/agri_business   (312 words)

  
 :: simoncoveney.ie :: Coveney calls on Greencore to review decision to close Carlow sugar plant
The EU is in the process of debating sugar reform proposals and so, until the results of that debate are concluded, the decision on whether Ireland should have one or two sugar factories should not be made.
I would call on Greencore to review their decision and postpone any closure announcements until after the EU sugar reform debate is finalised.
As a Cork native,it is also imperative that Greencore clarify their future plans for the Mallow plant immediately.
www.simoncoveney.ie /archives/2005/01/coveney_calls_o_3.html   (294 words)

  
 Farmers Journal - Agri-Business
The deal is estimated to add 1.5p to Greencore's earnings per share this year and has been welcomed by markets, with the Greencore share price rising by 10 per cent plus, to 440p to 450p, on news of the deal.
It is thought that Greencore will aim to add Stg£3m to the operating profits of Pauls in the first year.
Greencore is paying Stg£15.8m in cash, with a further Stg»44.9m being paid next December, so any improvement in Punt/Sterling exchange rates will reduce the cost to Greencore.
www.farmersjournal.ie /1998/0418/agri_business/index.html   (544 words)

  
 RTE Business - Greencore AGM sees angry protests
About 400 farmers and workers protested outside the Greencore AGM in Dublin this morning over the company's decision to close the Carlow Sugar factory and a malting plant in Banagher, Co Offaly.
Several farmer shareholders were severely critical of the pay and performance of Greencore management.
Meanwhile, the AGM was told by the Greencore chairman, Ned Sullivan that growth in its convenience food business and good cash generation had helped it to offset tough trading conditions in the financial year to date.
www.rte.ie /business/2005/0210/greencore.html   (308 words)

  
 Prepared foods focus pays off for Greencore
27/05/2003 - Greencore, the Irish company which is the world’s biggest producer of prepared sandwiches, has reported a decline in sales for the first half of 2003 as it continues to refocus its business on three main divisions.
Greencore’s chilled and frozen division performed very strongly in the first six months, the company said, with like-for-like sales up by 3 per cent and a 12 per cent increase in continuing operating profit to €18.2 million.
Greencore’s third major business stream - ingredients and agribusiness — saw like-for-like sales growth of 3 per cent, while continuing operating profit grew by 4 per cent to €19.6 million.
www.foodanddrinkeurope.com /news/news-NG.asp?id=17568   (953 words)

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