UPM-Kymmene, one of the world’s top magazine paper producers, announced that it expects its 2008 profits to be less than its 2007 profits. UPM says that the decline is due to the higher-than-estimated costs of wood fiber sourcing and the weakening result for the sawn timber business. In order to combat this, it will continue [...]
Proctor & Gamble Co., which has seen a multibillion-dollar increase in energy and commodity pricing in recent years and which increased its retail prices on many of its products a few months back, is preparing for a fresh round of supply cost increases from Dow Chemical Co. It will take some time for the effect [...]
ConAgra Foods Inc. (CAG) became the latest food company to increase prices – in their case by some 5% on almost all of their consumer brands. They join a list of companies that have implemented price increases in recent month, including: Kellogg Co., Kraft Foods Inc. and Sara Lee Corp. Dow Jones Newswires/The Wall Street Journal [...]