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Fresh Del Monte Produce Inc. (symbol: FDP) is a globally recognized leader in the production, marketing, and distribution of high-quality fresh and fresh-cut fruits and vegetables. The company is also a key player in the production and distribution of prepared healthy snacks, primarily serving markets in Europe, Africa, and the Middle East. Operating under the esteemed Del Monte® brand, known for its commitment to innovation, quality, freshness, and reliability for over a century, Fresh Del Monte Produce Inc. has established a robust presence in more than 100 countries around the world.
The company operates through three main segments: Fresh and Value-Added Products, including pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, and avocados; the Banana Segment; and Other Products and Services, which includes third-party freight and logistics services, and the Jordanian poultry and meats business.
Fresh Del Monte Produce Inc. is dedicated to meeting the evolving needs of health-conscious consumers by providing a range of convenient, nutritious, and wholesome food products. The company's long-term vision is to become the leading global supplier of healthful, fresh, and prepared foods and beverages, catering to consumers of all ages.
Recent achievements include expansions in their product offerings and strategic partnerships aimed at enhancing their supply chain and distribution capabilities. Financially, Fresh Del Monte has shown resilience and adaptability, maintaining strong performance despite market fluctuations. The company's operations in North America, Europe, Asia, the Middle East, and other regions contribute significantly to its overall revenue, with North America being the largest market.
Through its commitment to quality and sustainability, Fresh Del Monte continues to uphold its reputation as a trusted brand, ensuring that consumers worldwide have access to fresh, nutritious, and delicious food.
Fresh Del Monte Produce and Vellsam Materias Bioactivas have partnered to launch a biofertilizer plant in Kenya, named De l’Ora Bio. The plant will utilize pineapple residues from Fresh Del Monte's cannery to produce biofertilizers, promoting sustainable agriculture. Set to be fully operational by June, the plant aims to support local economy and meet the rising demand for organic and sustainable products. The global biofertilizers market is projected to reach USD 9.14 billion by 2032. This initiative reflects Fresh Del Monte's commitment to innovation and environmental stewardship.
Fresh Del Monte Produce Inc. (NYSE: FDP) will be participating in the 19th Annual BMO Global Farm to Market Conference in New York, NY on May 15-16, 2024. Monica Vicente, CFO, and Bianca Hernandez, IR Manager, will meet with institutional investors. For those unable to attend, meetings can be scheduled with management.
Fresh Del Monte Produce Inc. reported a 5% increase in revenue in the fresh and value-added segment, driven by pricing improvements and new product launches. However, banana revenue declined due to market pressures. The company emphasized strategic initiatives and innovation to boost profitability and shareholder value.
Fresh Del Monte Produce Inc. (NYSE: FDP) announced an extended partnership with the University of Granada to research the effectiveness of bioactive compounds in fruit residues for medical and non-medical uses. The collaboration aims to improve health and quality of life through the extraction of bioactive compounds from fruit residue for the treatment and prevention of prevalent diseases, dermo-cosmetics, and nutraceuticals. The partnership highlights the importance of sustainable practices and revalorization of food byproducts.
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