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Table of Contents

Innovation Drives Global Growth at Heinz

To Our Shareholders

Selected Financial Highlights

Heinz Acquires Premium Frozen Dessert Manufacturer

StarKist Rides Innovation Wave

Driving Excitement for Heinz

Heinz Venezuela Harvesting Success for 40 Years

Heinz Partners With Pittsburgh's FreeMarkets for E-fficiency

Heinz Packages Another Big Award

Magnificent Marketers Recognized by Industry Leaders

Heinz Tomatosphere Has Out-of-This-World Benefits

Eat Your Vegetables from Wattie's

Heinz Is a "Natural"

Procter & Gamble Makes Smooth Choice

Wattie's Goes Fruity!

Canada is 'Full of Beans'

It Pays To Be First in 2001


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  2001 Second Quarter
Heinz Is a "Natural"
FOR U.K. CONSUMERS



The new Heinz Organics food products have been a natural success in the U.K. since their introduction in October. Heinz Organic baked beans and spaghetti were immediate best-sellers, according to initial Nielsen marketing figures. Heinz Organic Tomato Ketchup led the way, posting an impressive 40 percent volume and 43 percent branded share of the market.

"These are excellent results,'' said Nigel Claire, managing director of Heinz European Grocery. "Trust is key, and consumers have taken the new products to their hearts. Our organic brands are already performing as strongly as anything you would expect from the Heinz portfolio."

"Heinz Organic Spaghetti holds a two-to-one lead over its nearest competitor in cans sold. And, the sale of organic baked beans is equally impressive," Mr. Claire said.

With the U.K. market for organic foods expected to increase 40 percent a year for each of the next five years, these great Heinz organic products are poised for tremendous growth…naturally, of course.