Search
Tate & Lyle
While our food and beverage business has been relatively resilient to the economic downturn,demand for industrial starches and ethanol margins have come under severe pressure. Matt Weneinger President, Food & Industrial Ingredients, Americas

Food & Industrial Ingredients, Americas

Our largest division, Food & Industrial Ingredients, Americas represented 57% of our adjusted operating profit this year. From large-scale, efficient plants mainly in the US corn belt, this division produces both primary ingredients and, with our R&D expertise, value added ingredients for the food and beverage, industrial, animal feed and pharmaceutical markets.

Key performance indicators

Return on net operating assets1  
Target (longer-term) 20%
2009 18%
2008 23%
2007 25%

1 Measured by financial year on continuing operations

Description. This is the division’s profit before interest, tax and exceptional items divided by the average net operating assets. The Group’s initial target is to achieve a return on net operating assets of 15%, with a longer-term target of 20%.

Energy use2  
Target 3.0% reduction
2008 1.3% increase
2007 4.0% increase
2006 1.3% reduction

2 Measured by calendar year
 

Description. Our businesses have a target to reduce energy consumption on a per unit basis by 3% each year. The figures above show the percentage movement in the division’s energy index each year. More details on the Group’s energy use are in the Corporate Social Resposibility section.

Safety index3  
Target zero
2008 1.26
2007 2.88
2006 5.39

3 Measured by calendar year
 

Description. Our safety index compares safety performance across the division and is a weighted average of injuries sustained in the workplace, with more severe incidents having greater impact. The lower the index, the better the performance. More details are in the Corporate Social Responsibility section.

Financial highlights

  Year to 31 March 2009 Year to 31 March 2008
£m Primary Value added Total Primary Value added Total
Sales            
Food 878 369 1 247 651 293 944
Industrial 393 157 550 309 133 442
  1 271 526 1 797 960 426 1 386
Adjusted operating profit            
Food 95 83 178 76 68 144
Industrial 3 3 42 42
  98 83 181 118 68 186
Margin            
Food 10.8% 22.5% 14.3% 11.7% 23.2% 15.3%
Industrial 0.8% 0.5% 13.6% 9.5%
Total 7.7% 15.8% 10.1% 12.3% 16.0% 13.4%

Back to top