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| Outside or in, McCormick is the taste behind your favorite foods. In 2005 we grew global sales of grilling products 21% and grinders 26%. We have few boundaries as we seek new ways to add flavor. |
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11% of 2005 net sales were from products introduced in the last three years.
Today, more than 70% of sales are from value-added products, up from around 60% just five years ago.
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Because we know flavor
our innovative new products are driving sales. Our sensory capabilities - starting with developing the products and ending with consumer testing - are among the best in the industry.
Our skills and processes lead to consumer-preferred products and with continued focus on efficiencies, we're increasing our productivity. New product sales per development professional have increased 40% during the last three years.
In our consumer business, we are introducing wet products such as a line of cooking pastes in North America, Europe and the Asia/Pacific region. In the United States, varieties like teriyaki beef and country herb chicken offer greater convenience and more options than traditional seasoning blends. Our spice grinders, grilling products and Zatarain's® Ready-to-Serve Rice are just a few of our innovative products that have quickly become family favorites.
In our industrial business, our customers who are food manufacturers launched new fruit snacks, cereals, beverages, meal kits, snack chips and snack bars - all of which contain key flavors that we provide. We collaborate with our food service customers and have recently developed creative new products to flavor items on their menus - bread toppings for sub sandwiches, exotic dressings that go in wraps, sauces to top steak and grilled fish, and dessert seasonings sprinkled on specialty coffee and tea.
Making food taste great is an ongoing process, and we have a promising pipeline of innovative products that will be a key driver of sales growth in 2006 and beyond.
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