Today, the proposed combination of the legacy companies Novozymes and Chr. Hansen is successfully completed, establishing the company Novonesis. Novonesis is a world-leading biosolutions partner for better business, healthier lives, and a healthier planet. The combined company brings together 10,000 people worldwide and an expertise that spans more than 30 different industries. Novonesis is already assisting companies around the world in meeting both business needs and the needs of the planet.
On December 12, 2022, Novozymes and Chr. Hansen entered into an agreement to create a leading global biosolutions partner through a statutory merger of the two companies. All regulatory approvals and registrations are now in place and the proposed combination is successfully completed following the final registration with the Danish Business Authority today.
The combination of Novozymes and Chr. Hansen will create a leading global biosolutions partner with a broad biological toolbox and a diversified portfolio in attractive markets. The combined group will have annual revenue of approximately EUR 3.7 billion1 with solid profitability and cash generation.
Half of the portfolio will focus on enabling healthier lives and producing better foods. The other half will address reducing chemical use and targeting climate neutral practices.
The combined group will operate a global network of R&D and application centers as well as manufacturing sites and will employ around 10,000 talented and purpose-driven employees who are inspired by the power of biosolutions.
1Combined financials are based on Chr. Hansen’s unaudited Q4 Interim report 2022/23 and Novozymes’ unaudited interim reports for 9M 2023 and Q4 2022. Novozymes figures have been converted from DKK to EUR using a single FX rate of 7.44 for purposes of translation only.
PLM market leader and top regulatory compliance provider team up to create integrated platform to screen ingredients throughout product development lifecycle
Centric Software®, the Product Lifecycle Management (PLM) market leader and FoodChain ID, the leading food safety and regulatory service provider are pleased to announce their partnership to bring enhanced regulatory compliance capabilities to product development. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, price and sell food & beverage, cosmetics and consumer products to achieve strategic and operational digital transformation goals.
FoodChain ID is trusted by over 30,000 companies across the global supply chain, with technology-enabled solutions and expertise to keep the food and cosmetics supply chain safe and transparent.
The highly controlled industries of Food and Cosmetics require access to trustworthy regulatory information so that the risk of formulation missteps are reduced, especially at the development stage. This saves much time and effort down the line, and notably lessens the chance of dreaded recalls.
Not all PLM platforms have strong formulation capabilities and those that do often rely on manual look-ups or databases pieced together by in-house regulatory compliance teams. The pairing of FoodChain ID’s world-class regulatory libraries and databases driven by the agility of Centric PLM’s formulation, packaging, quality, nutrition, labeling and artwork capabilities gives the food and cosmetics industries the best of both worlds, resulting in a complete formulation and regulatory compliance solution.
Clinton Chadwick, Vice President, Strategic Partnerships at FoodChain ID, explains how the association drives accuracy and speed into product development. “What makes this partnership with Centric Software so exciting is the ability to accelerate product innovation with Centric PLM by reducing time-consuming iterations between product development and regulatory compliance teams.” Chadwick adds, “With FoodChain ID’s data sources pulling from over 220 countries, the data quality of our compliance engine is second-to-none.”
Ron Watson, Executive Vice President of Product at Centric Software discusses how much more efficient it is to formulate with FoodChain ID. “Product developers working in Centric PLM can see the immediate impact of ingredient changes against current global regulatory compliance regulations as they are formulating.” For example, when looking at market expansion, the food or cosmetics scientist can evaluate a formula or ingredient against a regulatory threshold level in the target country and then adjust the formula at the development stage if necessary, where ingredient changes will have little negative impact.
Chris Groves, CEO of Centric Software says, “We are overjoyed about our alliance with FoodChain ID. It marries Centric’s technological expertise in food & beverage, cosmetics, beauty and other formulated goods with FoodChain ID’s extensive global databases and stellar reputation in food safety and regulatory compliance. This gives the users of both solutions confidence in formulation and the means to work seamlessly in one platform, driving even more efficiency into product development.”
First plant engineering company in the market to be certified
On 24 March 2023, ZIEMANN HOLVRIEKA GmbH was named an official Solution Partner of SIEMENS AG for automation systems, drives and the SISTAR BRAUMAT expert module. The company, which specialises in tanks and process engineering for the brewing, beverage and liquid food industry, is thus certified for exceptional expertise in automation. From its base in Ludwigsburg it can provide top-quality future-ready automation solutions anywhere in the world in conjunction with systems from SIEMENS.
In addition, ZIEMANN HOLVRIEKA is celebrating a world first, as Koray Müftiler, Key Account Manager of SIEMENS AG, explains: “I’m very pleased that the certification is now complete and that we can officially announce our Solution Partnership. This makes ZIEMANN HOLVRIEKA the first plant engineering company in the market to be certified for BRAUMAT and SISTAR.”
The Siemens Solution Partner certificate was presented in Ludwigsburg by a SIEMENS delegation comprising Frank Hauber, Koray Müftiler and Dirk Grafe. ZIEMANN HOLVRIEKA was represented at the ceremony by Klaus Gehrig, CEO, Wolfram Hänsel, Head of Process Automation Software, and the staff of the automation team. The certificate was presented at ZIEMANN HOLVRIEKA’s pilot plant, which has operated for years with SIEMENS BRAUMAT. Klaus Gehrig explained his company’s thorough familiarity with BRAUMAT: “Cooperation between our companies in automation began decades ago. ZIEMANN HOLVRIEKA has therefore become an expert in BRAUMAT and created highly efficient module libraries. This knowledge is unique in the market. So it’s appropriate that we should be the first to be certified by SIEMENS for BRAUMAT and SISTAR.”
The joint initiative digitises end-to-end supply chain processes at Eckes-Granini and breaks down information silos within the organisation
o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, and Genpact, a global professional services firm focused on delivering digital transformation, announced the completion of the first phase to digitise and augment the global supply chain of Eckes-Granini, a leading supplier of fruit juices and beverages in Europe.
This transformation initiative combines Genpact’s decades of expertise in retail and consumer goods, supply chain optimisation, and digitally enabled operations with o9’s Digital Brain platform, which is powered by o9’s proprietary Enterprise Knowledge Graph (EKG) technology for end-to-end supply chain and scenario planning. Together, the o9 and Genpact teams enabled a digitalisation process that breaks down information silos and transforms Eckes-Granini’s operations into efficiently integrated ecosystems that are fully transparent and streamlined for the company, its vendors, and suppliers.
The implementation will reduce supply chain costs and inventories, eliminate excess inventory, waste and duplicative processes and enhance operating efficiencies to support long-term goals. In the first phase, Eckes-Granini went live with the Valorized Demand Planning process in Spain, Germany, Hungary, Austria, France, Finland, Sweden, and its international business, bringing together Supply Chain, Finance, Sales and Marketing under the same process and tool.
“By digitising our supply chains, we gain transparency to make more meaningful decisions with our alliances and inventories across the value chains, as well as continue to offer the highest quality of products that our customers expect,” said Tobias Rudolf, Chief Information Officer at Eckes-Granini. “We are striving to become one of the most sustainable companies in the juice and fruit beverages sector.”
Coca-Cola European Partners plc (CCEP) announced its interim results for the six months ended 29 June 2018 and maintains full-year 2018 outlook.
Highlights
- First-half diluted earnings per share were € 0.85 on a reported basis or € 1.00 on a comparable basis, including a negligible impact from currency translation.
- First-half reported revenue totalled € 5.4 billion, flat versus prior year, or up 1.0 percent on a comparable and fxneutral basis. Volume decreased 3.5 percent on a comparable basis, partly reflecting the impact of recent strategic portfolio and pricing decisions.
- First-half reported operating profit was € 605 million; comparable operating profit was € 699 million, up 4.5 percent on a comparable basis, or up 5.0 percent on a comparable and fx-neutral basis.
- Second-quarter diluted earnings per share were € 0.60 on a reported basis or € 0.67 on a comparable basis, including a negligible impact from currency translation.
- CCEP affirms full-year guidance for 2018 for comparable and fx-neutral diluted earnings per share growth of between 6 percent and 7 percent when compared to 2017 comparable results.
- CCEP raises full-year guidance for 2018 free cash flow to a range of € 900 million to € 950 million.
- CCEP declares quarterly dividend of € 0.26 per share.
“We are pleased with our execution and performance in the first half as we continued to make bold portfolio and pricing decisions. We are confident that these are the right strategic initiatives for our business in the long-term, while acknowledging the near-term negative impact on volume,” said Damian Gammell, Chief Executive Officer.
“This strategy is reflected in another quarter of solid growth, including strong revenue per unit case gains as we focus on improving our pack and pricing architecture. Overall, we are encouraged by our first-half performance given business disruption in France owing to customer negotiations; unfavourable weather in Iberia; and new industry taxes, notably in Great Britain.
“Given our solid progress in the first half, we have affirmed our 2018 profit outlook. We are committed to implementing our Beverages For Life strategy; investing in our business; better serving our customers; and improving our in-market execution,”
Mr. Gammell said. “Importantly, we are confident that we have the right strategy and the right team in place to deliver strong cash generation and ultimately generate long-term value for our shareholders.”
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