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Tag: Colgate

  • Colgate-Palmolive Sees Q3 Sales Surge: Higher Pricing Counters Volume Decline

    Colgate-Palmolive Sees Q3 Sales Surge: Higher Pricing Counters Volume Decline

    Despite a decline in volume, Colgate-Palmolive reports an increase in their third-quarter sales, attributing the growth to a rise in product pricing. The company’s net sales for the quarter that ended on September 30 increased by 2% to amount to $5.1 billion. The product pricing saw a hike of 2.3% during this quarter, which countered the volume decrease of 1.5%.

    Organic Sales and Private Label Pet Sales

    The organic sales saw a slight rise of 0.4%. This included a negative impact of 0.8% from a decrease in private label pet sales. The company had earlier exited this non-strategic business.

    CEO Noel Wallace highlighted that the sales growth was achieved despite the slowdown of category growth in numerous markets.

    Regional Sales Analysis

    A regional analysis shows a fall in net sales in North America by 0.4% and in Asia Pacific by 1.5%. However, there was an increase of 2% in Latin America, 7.6% in Europe, and 6.8% in Africa/Eurasia. The sales of Hill’s Pet Nutrition also showed a rise of 1.4%.

    Operating Profit and Net Income

    On the other hand, the operating profit fell by 1% to $1.059 billion, and the attributable net income also saw a decrease from $737 million in the previous year to $735 million.

    For the upcoming year, Colgate-Palmolive anticipates the net sales will remain in the low single digits. However, the company lowered its previous forecast for organic sales from 2-4% to now 1-2%.

    Company’s Future Strategy

    CEO Wallace stressed on their new 2030 strategy and the implementation of their previously announced Strategic Growth and Productivity Program. He believes that the company is well-positioned to stimulate growth despite the uncertainty in global markets and worldwide category growth. Wallace considers this 2030 strategy as their roadmap to adapt and overcome the challenges and seize the opportunities in this complex operating environment.

    Questions & Answers

    What was the percentage increase in Colgate-Palmolive’s third-quarter sales?
    The third-quarter sales of Colgate-Palmolive went up by 2%.

    What caused the drop in Colgate-Palmolive’s volume?
    The volume decrease of 1.5% was countered by a product pricing increment of 2.3%.

    What is Colgate-Palmolive’s forecast for their net sales and organic sales?
    Colgate-Palmolive expects the net sales to be in the lower single digits. However, the organic sales are forecasted to increase between 1 and 2%.

  • Colgate-Palmolive teams up with Bluey to launch new range

    Colgate-Palmolive teams up with Bluey to launch new range

    Bluey has become the first ever Australian brand to feature on Colgate products, with BBC Studios and the global oral care company teaming up to launch a range of toothpaste and toothbrushes, available now.

    Bluey Manual Toothbrushes, Bluey Power toothbrushes, and Bluey Kids Toothpaste in recyclable tubes — featuring loveable characters, Bluey and Bingo, from Australia’s number one kids’ series — have started hitting shelves in Woolworths, Coles, Big W, Chemist Warehouse, ALDI (toothpaste only), and a range of independent retailers across Australia. The products will also be rolled out in New Zealand and Fiji.

    Anthony Crewes, Head of Marketing, Colgate Australia and NZ, said: “We are thrilled with our new partnership with Bluey. We can’t wait to help kids, and parents, make brush time negotiations easier with the help of Bluey and Bingo, and give everyone a reason to smile. We are sure this is the beginning of a strong friendship between Colgate and Bluey. “

    Kate O’Connor, Head of Brands and Licensing, BBC Studios ANZ, said: “We are always looking for ways to bring Bluey and Bingo to life in new, fun ways for our fans, and we’re so proud to be the first Aussie brand to partner with Colgate. We think it’s a wonderful match, as Bluey and Colgate have similar goals – to keep kids (and parents) smiling!

    Colgate joins an esteemed list of brand partner deals inked by BBC Studios’ ANZ team, including Bonds, Peter Alexander, Pauls Dairy, Smiggle, Wahu and Adairs.  

     

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  • Colgate unveils recyclable toothpaste tubes

    Colgate unveils recyclable toothpaste tubes

    Colgate-Palmolive has revealed the nation’s first recyclable toothpaste tube – the result of five years of research – and immediately offered the technology to rival companies to help reduce landfill waste.

    Colgate Smile for Good plastic tubes use high-density polyethylene (HDPE), classified as recyclable by the Australasian Recycling Label Program of the Australian Packaging Covenant Organisation (APCO). It can be disposed of at kerbside plastic recycling bins.

    “Making toothpaste tubes part of the circular economy will help keep plastic productive and eliminate waste,” said Simon Petersen, GM at Colgate-Palmolive South Pacific.

    “Colgate-Palmolive wants all toothpaste tubes to meet the same third-party recycling standards that we’ve achieved, so we are openly sharing our technology with toothpaste competitors as well as manufacturers of all kinds of tubes.”

    Colgate Smile for Good tube’s HDPE material is based on the same plastic that companies used to make 2L milk bottles and other plastic containers that are recyclable. Its engineers developed a solution using different grades and thicknesses of HDPE laminated into a tube to make it squeezable since the type of plastic used on milk bottles is too rigid.

    Most toothpaste tubes are usually made from sheets of plastic laminate with a thin layer of aluminum. These are difficult to recycle through conventional methods leading to 50 million tubes ending up in landfills annually in Australia.

    The new toothpaste adds to the company’s global target to create 100-per-cent recyclable, reusable or compostable packaging by 2025 and to reach Australia’s 2025 National Packaging Targets as well.

    “It’s fantastic to see companies striving to phase out difficult to recycle materials, innovating to find recyclable alternatives and sharing those learnings and technology to help transform the wider market,” said Brooke Donnelly, CEO at APCO.

    “This collective, ambitious approach by organizations across the supply chain will be critical for Australia to meet its upcoming waste and recycling deadlines, including the 2025 National Packaging Targets.”

    Colgate Smile for Good has two variants such as Smile for Good Protection and Smile for Good Natural White. The range also has Smile for Good Protection mouthwash, Colgate Bamboo Charcoal toothbrush and Smile for Good dental floss. It is Sodium Lauryl Sulfate-free, vegan, gluten-free and sugar-free.

    The toothpaste brand is also supporting the UN Sustainable Development Goals and the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment.

    Colgate Smile for Good toothpaste is sold for RRP $8 at Woolworths, Coles, Amazon, Chemist Warehouse and Priceline.

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  • World’s biggest brands put on notice over 5,000,000-tonne laminate packaging problem

    World’s biggest brands put on notice over 5,000,000-tonne laminate packaging problem

    Big brands have been put on notice about their inaction over the world’s growing 5,000,000-tonne problem of plastic aluminium laminate waste.

    Following revelations about the scale of the problem in the UK and internationally, the CEO of the company behind the world’s only solution for recycling laminates – food pouches, pet food pouches, toothpaste tubes, sachets – has called on the world’s biggest FMCG companies to support investment in new processing capacity.

    Enval CEO Dr Carlos Ludlow-Palafox has written an open letter addressed to the CEOs of companies that benefit from laminate packaging, such as Unilever, Kraft, Nestlé Mars, Colgate, Campbell’s, GSK and Hain-Celestial to get behind efforts to process post-consumer waste.

    Across Europe and the US, billions of plastic aluminium laminate pouches, tubes and sachets are being discarded and sent to landfill or incineration while consumers are often misled into thinking that they are recycled, as reported.

    In the UK alone more than 10 billion laminate packaging items are sold annually but fewer than 1 in 20,000 is recycled. Of the remainder two thirds go to landfill and the rest are incinerated. This recycling rate is 50 times worse than that of disposable coffee cups, which has received great attention from media and politicians alike.

    Because the material contains bonded plastic and aluminium, the packages cannot be treated either as plastic or as aluminium. Only the Enval process can deal with them, however currently there are no major initiatives in place in the UK or the world to collect and sort post-consumer packages and genuinely recycle them.

    To process the waste, Enval has developed the world’s only commercial scale plant to deal with the material, which uses a microwave heating method to recover the aluminium into reusable ingots and process the plastic into reclaimed oil.

    Manufacturers and waste companies have undertaken successful trials with the Enval plant but have failed to support wider collection and processing efforts due to a reluctance to make the initial investment required.

    Enval CEO Dr Ludlow-Palafox said the lack of involvement by the FMCG brand owners and the risk-averse nature of the waste handling sector has meant the Huntingdon plant is still the only one in operation.

    “We believe the time for complacency is over. FMCG brands are using laminate packaging because of its exceptional characteristics and cost and environmental benefits. Yet the fact remains that more than 10 billion pouches, tubes and sachets end up being thrown away in the UK alone. This is inexcusable now that we have an environmentally sustainable and economically viable solution. These same companies boast about their environmental credentials: it is time for some action.

    “Consumers are buying laminate packaging in good faith – often either thinking it can be recycled or because there is no other choice. Big brands have reaped the benefits of advancements in packaging technology while delivering no certainty to consumers.

    “The problem of single-use laminates dwarfs that of coffee cups. Brands and regulators now need to put their money where their mouth is and ensure that laminates can be genuinely reprocessed and these materials brought into a circular economy that benefits both the market and the planet.”

    Independent studies commissioned by WRAP UK and the UK’s Department for Environment, Food and Rural Affairs (DEFRA) have shown that laminates can be readily separated from waste streams using conventional sorting technology. These studies also proved that a majority of householders, when asked, sort laminates for recycling for collection as they do with other materials.

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  • Soap maker Pental hopes to clean up in China

    Soap maker Pental hopes to clean up in China

    Household products manufacturer Pental is hoping to clean up in China by following in the footsteps of Bellamy’s and Blackmores and selling bar soaps designed for the Asian market.

    Pental, which makes laundry staples White King bleach and Softly wool wash, has developed a new range of Country Life bar soaps aimed directly at Chinese consumers, including goat’s milk soap with Australian tea tree oil, lavender and green tea.

    Pental has also reached into the back of its cupboard and reformulated and repackaged soaps that have been in its portfolio for 20 years and are mainly sold in airport stores and souvenir shops. The rejigged Country Life range includes lanolin, tea tree oil and eucalyptus oil and features images of sheep, koalas and kangaroos.

    Pental has secured distribution in leading Chinese supermarkets, pharmacies, airport stores and online outlets, including FTZmall.com, and plans to start manufacturing the new range at its plant in Shepparton next week.

    “This is one of the most exciting projects for a long time,” said chief executive Charlie McLeish, who believes new product development and new markets are the key to drive top-line sales and margins in an increasingly competitive domestic market.

    Aim to change track record

    Mr McLeish is reluctant to issue forecasts, but expects to sell about 6 million bars of soap, worth $4 million, to Asian consumers in the first year, compared with current bar soap sales in Australia and New Zealand of about $10 million a year.

    “We have a track record of over-promising and under-delivering – my goal is to ensure that we over-deliver on our targets,” Mr McLeish told Fairfax Media during an investor roadshow in Sydney this week.

    “We’re riding on the confidence the Chinese retailers and Chinese consumers have in Australian-owned and Australian-made products.

    “We have to make sure we live up to the reputation the dairy industry has created for other manufacturers in the Chinese market,” he said.

    Pental also sees scope to sell other products such as White King bleach and White King stain remover into Asia and has had tentative discussions with distributors.

    However, Mr McLeish has no plans to establish manufacturing operations in China to reduce costs and better compete with multinationals such as Colgate, Unilever and Cussons.

    Point of difference

    “Our point of difference is being Australian-owned and Australian-made and is around quality and culture – if we changed that state we would be no different to the other guys who manufacture in China,” he said.

    Pental has invested about $400,000 on new soap packaging equipment to support its push into Asia. If sales take off, Pental is considering a larger capital expenditure program, which would enable it to make bar soap in new shapes, sizes and formats for the Asian and domestic markets.

    Pental, which also makes Sunlight, Pears and Velvet soaps, and supplies private-label soap to Aldi and Woolworths, accounts for about 20 per cent of the Australian soap market.

    After a near-death experience in 2012, when Pental (formerly known as Symex) was forced to sell assets to repay bank debt, the shares are now trading at their highest levels since 2007.

    While sales slipped 0.7 per cent to $54 million in the six months ending December, underlying earnings before interest and tax rose 5.7 per cent to $3.1 million and net profit rose 12 per cent to $1.98 million, underpinned by cost savings.

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  • Colgate-Palmolive keeps the Philippines smiling on its 90th year

    Colgate-Palmolive keeps the Philippines smiling on its 90th year

    2016 marks the 90th year of Colgate-Palmolive in the Philippines and with that, the various global brands that have helped improve the lives of Filipinos. These brands include: Colgate, Palmolive, Gard, Tender Care, Axion and Ajax.

    Colgate continues to be the Oral Care brand most recommended by Dentists* and Palmolive remains to be the #1 Personal Care brand, in the Philippines**.

    Keeping Philippines Smiling has been the mission of the company since it first opened its doors in 1926 at Binondo, Manila. For almost 20 years, Colgate-Palmolive has been driving oral health education in public schools across the country, together with the Department of Education thru the Colgate Bright Smiles Bright Futures Program. This program provides oral health education as well as oral care kits (toothbrush, toothpaste) to every first grade public student in the Philippines. In 2015 school-year alone, 2.3 Million students benefited from this program.

    The company is also the exclusive partner of the Philippine Dental Association since 2001 to raise oral health awareness during Oral Health Month. This February, we will offer free dental check-up and free fluoride treatment to 100 kids in 100 barangays. That’s 10,000 kids that will have healthier smiles at the end of the month.

    The team has also been working closely with Public Health agencies to further improve the reach of oral health education and fluoride treatment application, among communities that need this support the most.

    In addition, aspiring dentists have the opportunity to receive scholarship grants from Colgate-Palmolive and the Philippine Association of Dental Colleges. Our first scholar in the 1980s: Ma. Jona Godoy, DMD became Dean of CEU’s College of Dentistry and is an active officer representing the Philippines at the International Association for Dental Research (Southeast Asia Division) since 2000. Since the partnership was officially forged in 2001, Colgate-Palmolive and PADC have granted 248 scholarships.

    _OLE3673

    Stephen Lau, Vice-President & General Manager for Colgate-Palmolive Philippines announces the company’s theme “Keep Philippines Smiling” for its 90th year.

    Stephen Lau, Vice President and General Manager for Colgate-Palmolive Philippines explains “Indeed, the company feels privileged to have this opportunity and capacity to make a meaningful impact to the community. At Colgate-Palmolive, we firmly believe that good oral health is a basic right of every citizen.”

    Management Teams of Colgate-Palmolive Philippines, Operation Smile Philippines and Puregold Price Club Inc. have joined forces to raise funds for oral cleft surgeries and dental check-up. This kicks-off a series of community service programs to commemorate Colgate- Palmolive’s 90th year in the country

    Management Teams of Colgate-Palmolive Philippines, Operation Smile Philippines and Puregold Price Club Inc. have joined forces to raise funds for oral cleft surgeries and dental check-up. This kicks-off a series of community service programs to commemorate Colgate-
    Palmolive’s 90th year in the country

    To Keep the Philippines Smiling even more in 2016, Colgate-Palmolive has teamed up with Operation Smile Philippines Foundation, Inc.. Operation Smile brings groups of medical volunteers from across the world to help indigent children afflicted with oral cleft. It is estimated that 1 in every 500 new-born babies in the Philippines has oral cleft. This life-changing surgery not only improves the child’s oral health but significantly boosts their confidence and self-esteem.

    Puregold is the retail partner for this endeavour to help raise funds for surgeries, dental check-up and fluoride treatment. When Puregold shoppers buy participating Colgate products from February 15 to April 17, the amount of Php5 from every product purchased will be donated to Operation Smile.

    To Kick-off the company’s 90th Year, a MOA was signed between Colgate-Palmolive Philippines and Operation Smile Philippines to bring brighter smiles to children with oral cleft. In the picture (L-R): Bobby Manzano (Country Director of Development for Operation Smile Phils), Edith Villanueva (Chairman Board of Trustees, Operation Smile Phils), Stephen Lau (Vice-President/General Manager, Colgate-Palmolive Phils) and Jennifer Peng (Finance Director, Colgate-Palmolive Phils)

    To Kick-off the company’s 90th Year, a MOA was signed between Colgate-Palmolive Philippines and Operation Smile Philippines to bring brighter smiles to children with oral cleft. In the picture (L-R): Bobby Manzano (Country Director of Development for Operation Smile Phils), Edith Villanueva (Chairman Board of Trustees, Operation Smile Phils), Stephen Lau (Vice-President/General Manager, Colgate-Palmolive Phils) and Jennifer Peng (Finance Director, Colgate-Palmolive Phils)

    “This collaboration with Operation Smile is only one of several activities that Colgate-Palmolive Philippines will implement on its 90th year. We have allocated significant resources for this year-long campaign of giving back to the Filipinos. I am proud to see that the entire organization is extremely dedicated towards Keeping the Philippines Smiling more each day”, declares Stephen Lau.