Kerry Group reported a 3.8% increase in volumes in the first three months of 2017. In a trading update released this morning to coincide with the group’s AGM, which is being held later on Thursday, revenues increased 4.5% reflecting the business volume growth and a 1.3% increase in prices.

The Asia-pacific region was the biggest driver of growth, with volumes up 10.4%. Kerry Group continues to expand in the region to capitalise on the growth opportunities and announced the acquisition of Hangzhou, a China-based flavour manufacturer for the beverages, ice cream, confectionery and snacks sectors in China.