2010 Annual Review
Pioneering Whats Next

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pinwheel

Our extensive international footprint has allowed us to achieve approximately $735 million, or 16% of our 2010 net sales in developing regions. We are now focused on accelerating our growth to achieve over 20% of net sales in developing regions by 2013. Key enablers include:

  • 2010 completion of our Global Manufacturing Strategy, which repositioned our platform for profitable future growth in developing regions with the addition of a new facility in China, Mexico and Poland. This program provides a $55 million benefit resulting from a simplified supply chain network and positions us to drive profitable local growth, as well as support regional supply from a preferential position.
  • 2010 focus on accelerating growth in China & India. In support of this effort, we organized our strong regional management talent under newly assigned leadership and launched a new strategic plan that capitalizes on the tremendous growth opportunities available for all of our businesses in these dynamic economies. Although the program is still in its infancy, we generated year-over-year sales growth that was more than double local GDP growth.
  • 2010 new facility investment in Brazil in support of our food businesses and the growing protein industry in the region.
  • Expansion in Eastern Europe—where we continue to invest in our Russian and Hungarian facilities to support the growth of local and multinational processors.