Kraft Foods (NYSE:KFT) Supporting Recycling

Kraft Foods (NYSE:KFT) has joined with Enval to support a recycling consortium.

Kraft Foods (NYSE:KFT) Supporting Recycling

The US based food manufacturer Kraft Foods (NYSE:KFT) has signed up to join Enval’s consortium to support the construction of its first commercial scale plant for its patented material recovery technology.

Perfecto Perales, senior director, Packaging Research, Development and Quality for Kraft Foods (NYSE:KFT) said, “We’re proud of our track record as an industry leader supporting innovative groups to help advance recycling and reduce waste. We’re hopeful the Enval Consortium will build on our past successes with other groups that proved effective in driving the collection and re-use of post-consumer flexible packaging waste.”

Kraft Foods Inc. (NYSE:KFT) stocks were at 34.53 at the end of the last day’s trading. There’s been a 4.6% movement in the stock price over the past 3 months.

Kraft Foods Inc. (NYSE:KFT) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.7
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2
Zack’s Rank: 7 out of 41 in the industry