“Innovation is now firmly established as a central pillar of our strategic vision and in whatever we do, as success can never be taken for granted in the ongoing attainment of our resilient results,” added Mr Aquilina.

Simonds Farsons Cisk directors announced earlier this year that the group registered a 5% increase over the previous year reaching €99.8m on the value of the products, while profit attributable to shareholders reached €15m, with an increase of 10% from 2018.

“In spite of ongoing market changes and growing competitive pressures, our ability to consistently register year on year improvements in our results is motivating us to further pursue our strategic vision,” said group CEO Norman Aquilina.

“Over the last year, Farsons continued to implement wide-ranging initiatives to embrace our social and environmental responsibilities. We are also actively engaged in the preparation for the introduction of the Beverage Container Refund Scheme which will see the introduction of a compulsory deposit on beverage containers, bringing along additional challenges, particularly in its enforcement,” added Mr Aquilina. “The Group is supporting this measure even if the Authorities still have a lot to do to bring into action a more equitable and broadly represented circular economy in the interest of the environment as a whole.”

The post Farsons looks to innovate to maintain growth in fierce competition first appeared on The Malta Business Weekly.

Despite recorded increases in the production of consumer goods and capital goods of 4% and 1.9%, respectively; significant drops have been registered in the production of energy (6.6%) and intermediate goods (1.7%).

The index of industrial production adjusted for working days decreased by 1.5%, as compared to the same month a year earlier. Drops were registered in the production of energy (6.6%), production of intermediate goods (3.4%) and the production of consumer goods (0.8%), while the production of capital goods was up by 3.0%, according to NSO figures.

The full report including charts and visual representation of data is available for download at the website of NSO.

The post Malta’s industrial output drops 1.7% in February first appeared on The Malta Business Weekly.

Year-on-year growth occurred in the production of energy (39.1%) and capital goods (4.5%), while the production of consumer goods and intermediate goods dropped by 5.7%and 5.2%, respectively, according to data by NSO.

As compared to December 2018, growth was seen in the production of energy (4.0%), intermediate goods (2.4%) and capital goods (0.6%), while the output of consumer goods dropped by 3.9 per cent, the NSO report shows.

The full report including charts and visual representation of data is available for download at the website of NSO.

The post Malta’s industrial output grows y.o.y. 2.8% in January first appeared on The Malta Business Weekly.