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E-procurement could save companies trillions

Companies worldwide could save on aggregate $2.3 trillion (€2.6 trillion) a year by using the Internet to purchase resources ranging from office supplies to plane...

Revenues up for Penford N. American ingredients business

Specialty ingredient systems developer and manufacturer, Penford Corporation, this year witnessed an improvement in operating performance. The company reported a net income of $1.2 million...

Strong 2Q results from Danisco Ingredients, Sweeteners and Sugar

Danish ingredients company Danisco this week reported a five per cent increase in net sales in the company's main business areas - Ingredients, Sweeteners and...

Swedish retailer closes e-commerce operations

Swedish food retailer Axfood AB took the decision this week to discontinue the Axfood Group's e-commerce operations. The company claims that the decision is made...

M&S closes doors on Madrid store

The Spanish may not have managed to persuade the British to leave Gibraltar but UK retailer Marks & Spencer Plc finally pulled out of Madrid...

Ahold wins industry award

Ahold, the Dutch food retail and foodservice company was named U.S. Mass Retailer of the Year by the international business publication Mass Market Retailers. Criteria...

Comfort food chocolate sales up despite price hike

Neither a price hike nor the added strain of life in the United States since the terror attacks of Sept 11 have deterred some chocolate...

UK food industry productivity moves in right direction

An international benchmarking study revealed this week that the performance of the UK food and drink manufacturing industry has improved over the last three years...

E.U. denies soy tariff increase

The European Commission yesterday denied talk, circulating in Southeast Asian palm oil markets, of new E.U. import tariffs on soybeans and soy products. Commission farm...

Heinz earnings rise in 2Q

Consumer food group H.J. Heinz Co.'s reported this week a rise in second-quarter earnings of 9.6 per cent on the back of strong sales of...

Parmalat sets €100m limit on Galbani buy

Italian food group Parmalat said on Tuesday it would spend a maximum of 100 million euros ($89.13 million) if it bought Danone's Galbani unit while...

DSM steps into the future

Dutch ingredients company DSM embraced new technology this week when it announced the completion of the first transactions through its new online store, part of...

Danisco invests in new food science

Danisco Venture, the active investment arm of ingredients company Danisco, has made an investment in life science company WellGen Inc. The New Jersey-based company is...

Food manufacturers demand freeze in milk prices

In a bid to provide a wide range of dairy products at competitive prices, food manufacturers in Canada are demanding a freeze on the price...

Kraft cuts staff

North American food maker Kraft Foods Inc. on Tuesday said it would close two Chinese biscuit plants and cut about 1,000 employees, part of its...

Rhodia release coating earns Kosher label

Rhodia Silicones, a subsidiary of ingredients company Rhodia, announced this week Kosher certification for 21 silicone release coating and emulsion products for direct and indirect...

Future European consumer to accept GM's

Kim Madsen, administrator for the European Commissions' health and consumer protection division was cited as saying on Friday in Minneapolis that European consumers are likely...

Sugar giant drops the King

Imperial Sugar Company announced this week that it has reached a definitive stock purchase agreement to sell its King Packaging Company, Inc. subsidiary to a...

Kemin takes Cognis to court

Natural specialty ingredients manufacturer Kemin Foods, has filed a lawsuit contending that Chicago-based chemical company, Cognis Corp., continues to make false claims that blur the...

Hain Celestrial continues European investment

Natural and organic food company Hain Celestial Group, announced this week that it has completed its acquisition of Lima NV, a Belgian natural and organic...

3i invests in food technology

Investment group 3i Group plc and the Swedish Industrial Development Fund are making a first-stage investment totalling SEK 10 m (€1.06 million) in a microwave...

Goodman Fielder to focus on retail

Australian food group Goodman Fielder Ltd said on Tuesday it will look for a strategic partner for its Australian milling and commercial mixing business. It...

Ahold purchase cleared

The US Federal Trade Commission (FTC) this week cleared the Koninklijke Ahold NV purchase of Bruno's Supermarket chain. Ahold is expected to pay approximately $500...

Frucor stands firm against Danone bid

Frucor's independent directors are standing firm in their rejection of the takeover offer from French giant Groupe Danone, reports the New Zealand Herald this week....

Braes acquires natural colours

UK-based food ingredient company, Braes Group, announced recently the £25million (€ 40.7m) acquisition of Overseal Foods, a UK supplier of natural colours. According to the...