Tetra Laval

Comments by the Chairman Larry Pillard

An excellent year for the Group

2010 was an excellent year for the Tetra Laval Group. Revenues for the Group were at an all-time high and we managed to hold many costs steady despite some inflation. We continued to invest in the future with our industry groups spending 3 to 4 per cent of their revenues on developing new products and solutions, well above the industry average.

All three industry groups performed well, with Tetra Pak having a record year in terms of both volumes and net sales. Sidel showed early signs of a turnaround after several difficult years and DeLaval saw their customers resume investment in capital equipment.

Optimistic view on 2011

Looking ahead, I have an optimistic view of 2011, providing there are no unanticipated shocks. Sales should continue to improve supported by many new innovative products like Tetra Evero Aseptic – the new carton bottle for white milk that Tetra Pak has developed, the new rotary robotic system by DeLaval and the aseptic filler by Sidel, and we aim to continue to develop new products for our customers. There is a good opportunity to maintain our market leading positions as our customers become increasingly optimistic about the future.

Read the complete article in the Tetra Laval annual report (pdf)