Processing, fries, chips, Trends

Lamb Weston expects growing demand for frozen potato products in 2018

Tom Werner, President and CEO of Lamb Weston, says that the company anticipates the operating environment to remain generally favorable, with solid demand growth for frozen potato products across most of the markets. “We expect the industry’s production capacity to continue to be constrained, especially in North America. We are confident in our ability to build upon the momentum that we have created, leverage our investments in additional capacity to support our customers, execute our strategies and win in the marketplace to deliver on our outlook for the year,” says Werner. Lamb Weston Holdings, Inc. announced its fourth quarter and full year 2017 results, with income from operations risen 136% to USD122.5m from the prior year period and included USD2.8m of costs related to the spinoff from Conagra Brands. The company also announced net sales of USD832.5m, up 7% versus the year-ago period. Volume increased 4%, with growth across all business segments. More

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