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Kraft Foods More Than Doubles 3Q08 Profit to $1.4 Billion With Solid Growth in Several Businesses, an Industrial Info News Alert

Posted on: Friday, 31 October 2008, 09:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- Kraft Foods Incorporated (NYSE:KFT) (Northfield, Illinois) announced October 29 that its third-quarter 2008 profit has more than doubled to almost $1.4 billion compared with $596 million in the same period last year. The earnings include the one-time gain from an estimated $2.6 billion sale of Kraft's Post cereals business to Ralcorp Holdings Incorporated (NYSE:RAH) (St. Louis, Missouri). Industrial Info is tracking seven active Kraft projects worth $63.5 million. The projects range from a $1 million maintenance shutdown of a bacon-processing plant to a $40 million production-line addition.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to foodgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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