Finnish firm Raisio believes that collaborative procurement could be key to enabling medium sized, regional players to compete on a more equal footing with the multinationals.
Ingredients giant Agrana is investing €56m in a new wheat starch plant that will enable the company to enter the wheat gluten market for the first time
Chilean flavour and fragrance producer Cramer Productos Aromáticos is breaking into the European market, targeting mainly mid-sized food and beverage producers with its range of natural flavours and speciality South American flavours.
Symrise exceeded its sales and earnings for fiscal year 2010 thanks to the global economic recovery, strong boost in demand and a solid positioning in emerging markets.
Givaudan has started the build of its new manufacturing site in Hungary, which it says will increase capacity and grow its savoury flavours business in developing European markets.
Danisco is planning a major increase in capacity of Litesse polydextrose in response to demand for fibre-rich foods, and following a new definition of fibre that confirms the specialty sweetener’s classification.
Irish dairy and nutritionals company Glanbia has reported a 22.8 per cent increase in annual operating profit, returning the company to pre-recession earnings figures.
Germany’s Döhler and Plantextrakt have formed a strategic partnership and unveiled a new tea concept, which they claim will open up the global premium quality tea drinks market.
Leading palm oil producer Sime Darby, looking to meet the increased global demand for the key component of many baked goods, is reported to be involved in an expansion project in Africa.
Scottish sausage skin maker Devro is seeing growth due to rising meat consumption in emerging markets and the demand for conversion of casings from gut to collagen in animal hides.
Associated British Foods (ABF) has issued what stockbroker Shore Capital describes as a “rather subdued” trading update, following a disastrous UK beet sugar harvest
CSM will be forced to increase prices and reformulate products in 2011 due to the “dramatic increase” in commodity costs said the Dutch firm as it posted its full year results.
Nestle will use price increases as a last resort in the face of rising raw material costs, says its CEO, and only after implementing its 4-point strategy based on trend predictions, engaging suppliers, replacing ingredients, and cutting down waste.
Finnish dairy co-operative Valio is set to start construction of a new ingredients plant in Lapinlahit, to cater for increased demand within the baby food industry.
Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to the US giant's full-year accounts.
Fonterra has opened up new European headquarters in Amsterdam. Koert Liekelema, general manager for Europe, explains how the move will help the New Zealand dairy grow its value-added ingredients business.
Danisco’s executive board and members of its board of directors have accepted DuPont’s offer of DKK 665 per share, corresponding to 28,056 shares with a total value of DKK 18.7m, Danisco said on Wednesday.
Singapore based Olam International is to acquire UK confectionery fats supplier Britannia Food Ingredients (BFI) along with a logistic services component for £33.5m ($50m)
Tate & Lyle could be vulnerable to a takeover by an industry rival such as Cargill, according to a lawyer specialising in food industry mergers and acquisitions.
EHL Ingredients has just moved to new UK premises that it says will expand its storage facilities and improve the efficiency of its blending and repacking processes.
Silver Spoon has hailed its strategic partnership with Cargill to market and distribute zero calorie, stevia-based sweetener Truvia in the UK as a “great business opportunity”.
Naturex has reported a bumper year of organic growth with sales up 21.6 per cent, and is planning the next stage in its development following the integration of Naturaceutical’s ingredients division.
Increasing demand for western style pastries in Thailand is behind ingredients supplier Unifine’s goal to expand its presence in that market this year.
DuPont would look to move its food ingredients R&D to Denmark following its acquisition of Danisco, and adopt the latter’s Sales and Application development organisation to get ingredients to market, offer documents reveal.
Archer Daniels Midland Company (ADM) is currently assessing the impact of an explosion that occurred on a production line at its cocoa processing facility in Wormer, Netherlands, which was followed by a short, intense fire.
Associated British Foods (ABF) saw ingredient revenues rise by 6% in the first quarter, despite strong competition in European and US yeast markets and soaring commodity prices.
Vitiva will establish a German subsidiary office from May that it says reflects strong interest within the EU's largest market for its rosemary-based anti-rancidity management ingredients.
DuPont’s €4.9bn acquisition of Danish probiotics and sweeteners specialist Danisco this week is vindication of the increasing economic viability of functional foods, according to analysts.
German food ingredients giant Südzucker has reported ‘sound’ third quarter results despite lower yearly sugar yields, with profits boosted by the success of its special products division.
More deals in the mould of Danisco-DuPont could be feasible, as analysts predict other ingredient firms with small bio-business, such as CSM, will generate acquisition interest.
Gourmet and specialty chocolate, and emerging markets, drove sales volume growth for Barry Callebaut in Q1, but Western Europe and the US are still showing mixed results.
Soy ingredients company Solae opened a food application centre in Shanghai yesterday, promising to cut product development times for Asia-Pacific customers.
Danish bioscience firm Chr. Hansen is raising its revenue predictions by 11-13 per cent for 2010/11 after what it describes as “strong growth” in its first quarter from the September 1, 2010 to the end of November.
Royal DSM says it stands to make €129m if it accepts DuPont’s bid and sells its 4.95 per cent stake in Danish supplier Danisco, but has not stated it would accept the offer.
Cargill Texturizing Solutions has made a number of upgrades to its hydrocolloids plant in Baupte, northwest France, as it works to improve efficiency and working conditions.
DuPont expects to become a ‘premier specialty food ingredients provider’ as a result of acquiring Danisco, and expects it to be particularly complementary to its Solae soy protein business.
UK consumers are increasingly keen on ethnic cuisine, but the market in mainland Europe remains ‘fragmented’, according to a new report from market research firm Keynote.
