Financial & Industry

Bols purchase boosts Remy results

17-Apr-2001 - Remy Cointreau, the French spirits group, reported on Thursday a rise of 8.1 per cent in its revenues for its 2001 fiscal year, helped by...

Eridania Sugar to take the brunt of debt

17-Apr-2001 - "Each independent company will keep its position as leaders in their market,"commented Stefano Meloni, president of Italian-French group Eridania Beghin-Say, on the future break up...

Roquette acquires LG sorbitol activity

17-Apr-2001 - Roquette, a leader of Sorbitol and related Polyols announced this week the purchase of the sorbitol units of the Korean Group L.G. ...

Diageo Guinness faces strikes

13-Apr-2001 - Diageo PLC's Guinness brewing operation is facing strike action over plans to close down a packaging plant in Ireland, said the company. ...

CP Kelco sues Monsanto unit

13-Apr-2001 - CP Kelco ApS, a newly created food-gums company, has sued Pharmacia & Upjohn Inc, alleging its Monsanto Co unit provided misinformation in order to complete...

GMO worry affects Thai sales

13-Apr-2001 - A severe business backlash and the loss of hundreds of million baht in revenue are quickly emerging as Thai consumers voice concern over genetically modified...

Dutch food group tastes Italian confectionery

13-Apr-2001 - CSM, the Dutch foods and biotechnology group, is to take over Italian confectionery maker Socalbe for 132m euros. The new acquisition will generate an annual...

French farmers wary of CAP changes

12-Apr-2001 - The Fédération Nationale des d'Expliotants Agricoles (FNSEA), a French agricultural trade union organisation, expressed its hostile position towards any fundamental revision of the Common Agricultural...

Amcor merger pleases the market

12-Apr-2001 - Shares in packaging group Amcor jumped 4.8 per cent to a 19-month high on Monday as investors showed their approval of the group's three-way merger...

Soy alliance formed

12-Apr-2001 - US consulting firm Arthur D. Little, Inc., and Soyatech , Inc., a publishing and market research firm specialising in soyfoods, have formed an alliance to provide...

SKW and Degussa complete merger

12-Apr-2001 - SKW Trostberg and Degussa-Hüls announced this week the completion of their merger to form Degussa AG. Twenty-one global business units are gathered together into six...

China number one fruit and veg producer

12-Apr-2001 - China has become the number one vegetable and fruit producer in the world today, producing 13.3 per cent of the fruit and 65.7 per cent...

Danone is "sacrificial lamb" in globalisation fight

12-Apr-2001 - The chairman of French foods group Danone decried the outcry over planned layoffs at his company, saying his firm had become a "sacrificial lamb" in...

Cocoa market to benefit from increased standards

11-Apr-2001 - Standards should be raised to relaunch the cocoa market, agreed the 42 member countries of the International Cocoa Organisation (ICCO ) meeting in London last week. ...

Milk deregulation benefits Australian consumer

11-Apr-2001 - Six months after the deregulation of Australia's dairy industry, milk prices have fallen by as much as 40 cents a litre with the likelihood of...

Acquisition in the French poultry industry

11-Apr-2001 - LDC, the French poultry specialist has just acquired 85 percent of its competitor Guillot-Cobreda and is still negotiating to buy the rest, Les Echos reports....

Soft drinks rise in Korea

11-Apr-2001 - Sales of soft drinks in Korea are expected to rise to 1.1 trillion won (US$ 821 million) in 2001, a 6 per cent growth from...

Japanese processor reports loss

11-Apr-2001 - Japanese food processor Marudai Food Co. said this week that it is likely to record a group net loss of 20.7 billion yen (US$ 165.8...

Seaweed conference to push processing

11-Apr-2001 - The 2nd Mindanao Seaweed Congress, to be held in the Philippines April 25-26, will aim at expanding the region's seaweed sector beyond simple production to...

Giant mill merger

10-Apr-2001 - A giant European mill is due to emerge in the next few days. To be called Intermill Paris, the new French and European company, will...

Billion pound profit for Tesco

10-Apr-2001 - UK supermarket chain Tesco is set to confirm its position as one of the UK's most profitable retailers when it unveils its results on Tuesday,...

Boycott discussed over Danone's restructuring

10-Apr-2001 - The Danone Group - a major player in the fresh dairy product, the biscuit and the bottled water industries - claims it needs restructuring to...

Ahold sells tea and wine activities

09-Apr-2001 - Dutch supermarkets group Koninklijke Ahold NV announced on Friday that it is to sell the tea and wine activities of its unit Marvelo, which manufactures...

NZ government to decide on dairy merger

09-Apr-2001 - The New Zealand government is likely to approve the mega-merger between the major forces in the dairy industry and give it the necessary exemption from...

Suiza goes for Dean Foods

06-Apr-2001 - Dairy group Suiza Foods announced on Thursday a $1.5bn bid for US Dean Foods. Dean, which had put itself on the market last month, by...

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