Financial & Industry

Australian food industry urges caution

28-Mar-2001 - Australia's major food industry body has urged the government to stick with its reform agenda and only ease fiscal policy temporarily, IndustrySearch reports. ...

Tetra makes bid for French packaging

28-Mar-2001 - Tetra Laval, the Swedish packaging giant, on Tuesday offered 1.7 billion euros ($1.5 billion) to acquire French packaging-machine maker Sidel . Tetra offered...

Restructure for National Starch

27-Mar-2001 - Leading ingredients company National Starch announced this week a global restructuring of its business activities from April 2001. Two new divisions will be created: the...

Alaska Milk ends agreement with Quaker

27-Mar-2001 - Leading Philippines' milk firm, Alaska Milk Corporation (AMC), said on Tuesday that from April it will terminate a cereal distribution deal with Quaker Oats Asia...

Aventis nutrition business to go

27-Mar-2001 - Franco-German giant Aventis SA (AVEP) is near completetion of its animal nutrition business. The business is to go for around 300 million euros ($268 million). ...

FMD figures continue to grow

27-Mar-2001 - Despite vigorous preventive measures by the French government, the second case of foot-and-mouth disease (FMD) was confirmed in France on 23 March, 10 days after...

Kangaroo sales bounce higher

26-Mar-2001 - Demand for kangaroo meat will rise by 20 per cent in the near future, The Kangaroo Industry Association of Australia reported this week.. Exports are...

Ocean Spray enters Chinese market

26-Mar-2001 - Cranberry giant Ocean Spray is to launch a line of cranberry and grapefruit beverages in the People's Republic of China within the next six months,...

BASF boasts record sales figures

23-Mar-2001 - Chemicals giant BASF reported on Thursday a leap in sales of 22 per cent for the year 2000, the biggest in its history. Speaking at...

Disappointing results for ConAgra

23-Mar-2001 - An increase in energy costs and a reduction in sales drove ConAgra , the second-biggest US food maker, to a 31 per cent decline in third-quarter...

ADM closes Canadian plant

23-Mar-2001 - US agricultural giant Archer Daniels Midland Company announced on Thursday that it is to suspend its crushing and refining operations at Lloydminster, Canada for an...

Foot-and-mouth hits Ireland

22-Mar-2001 - The first confirmed case of foot-and-mouth in the Republic of Ireland was confirmed on Thursday. Irish Prime Minister Bertie Ahern said two samples taken from...

Red Bull boasts market leadership

22-Mar-2001 - Red Bull energy drink is now Britain's third biggest soft drink, after Coca Cola and Pepsi Cola, in value terms. Research by Zenith International shows...

Foot-and-mouth hits Holland

22-Mar-2001 - Following the confirmation of the first two cases of foot-and-mouth disease in the Netherlands on Wednesday, the European Commission imposed protective measures. ...

Vitamin E venture for BASF

22-Mar-2001 - Chemical giant BASF announced last week that it is to double its vitamin E production capacity to 20,000 metric tons per year. ...

BioProgress buys into UK technology

22-Mar-2001 - BioProgress Technology International (BPRG), the makers of X-Gel film for supplements and pharmaceuticals, announced this it is to acquire ProDesign Technology of the UK, which...

Coke to build new technology thinktank

21-Mar-2001 - Coca-Cola has formed a separate company, Fizzion, to help technology start-ups get off the ground. The move is part of an overall strategy at the...

Danone gulps Asian water

21-Mar-2001 - French food group Groupe Danone said on Tuesday that it has acquired control of Indonesia's Aqua Group of companies after raising its holding to 74...

Probiotic yoghurt takes lionshare of German health market

20-Mar-2001 - Health foods in Germany are enjoying rapid growth, reports The Royal Society of Chemistry . The entire health market in Germany has a volume of DM...

Foot and mouth to cost the UK economy £9 billion

20-Mar-2001 - The foot-and-mouth crisis in the U.K. will cost the economy £9 billion, according to British media reports.Data from the Centre for Economics and Business Research...

Phillip Morris aims for $5bn Kraft sale

19-Mar-2001 - Philip Morris hopes to raise up to $5bn from the initial public offering of US food giant Kraft , the Financial Times reports. ...

Britain starts mass slaughter

19-Mar-2001 - Britain started to kill tens of thousands of healthy sheep, goats and pigs on Friday in an effort to end the foot-and-mouth outbreak. It is...

New sports drink hits the market

19-Mar-2001 - PacificHealth Laboratories, Inc., a US nutrition company, announced this week the launch of a new sports nutrition product. Accelerade®, a sports drink,...

Northern Foods goes for mints

16-Mar-2001 - UK food provider Northern Foods is in talks with Nestle to buy Fox's Glacier Mints and "XXX" extra strong mints, the BBC reports. ...

Chinese food companies help agricultural development

16-Mar-2001 - The establishment and development of leading food enterprises has increased the industrialised operation of agriculture in China's Ninth Five-Year Plan period (1999-2000), Asia Pulse reports. ...

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