:. Food Industry News


Glaxosmithkline Has No Plans to Hike Prices - Official

Source: Reuters
23/09/2008

New Delhi, Sept 23 - Malted food maker Glaxosmithkline Consumer Healthcare Ltd has no plans to increase prices a top official told analysts on a conference call on Tuesday.

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The company's margins are under pressure because of an increase in agri commodity, transportation and packaging costs, said Ramakrishnan Subramanian, director finance and IT.



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