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Danone invests further in water

French dairy and biscuit group Danone is investing further in bottled water. The group announced today that it has acquired 50 per cent of Pureza...

EU businesses must be open to innovation

European businesses must manage the dynamics of innovation, according to a recently published report by the European Commission. The report, "Building an Innovative Economy in...

Pepsi completes sports drink purchase

Shareholders of US soft drinks maker PepsiCo and Quaker Oats Co approved this week PepsiCo's acquisition of the maker of Gatorade sports drinks. PepsiCo,...

Roche could suppress between 5,000 and 8,000 jobs

Roche, the Swiss pharmaceutical group, is planning on cutting between 5,000 and 8,000 jobs, representing 8 to 12 per cent of its employees, to reduce...

Bad time for biscuits

Campbell Soup Co., the U.S. soup giant, said onWednesday that its Arnott's biscuit unit in Australia will close its Melbourne plant in September, 2002, as...

Sports nutrition shows strong growth for Numico

Dutch nutritional products giant Royal Numico recently reported an increase in first quarter sales of 34.6 per cent to EUR 1,069 million (excluding the Dairy...

Request to sell GM foods

The Sri Lankan National Chamber of Commerce has appealed to the Health authorities to grant a concessionary period of at least two months to sell...

Kraft expects $8bn in IPO

Kraft Foods, the US food and beverage giant, said on Wednesday that it would raise $8bn in its upcoming initial public offering at a price...

Japanese food imports rise for 2nd year

Japan's imports of food products in 2000 rose 3.9 per cent from the previous year to $46.05 billion, marking the second consecutive year of increase,...

Flavours company reports dramatic drop in income

New-York based International Flavors & Fragrances Inc., a leading producer of flavours and fragrances, reported this week a 54 per cent drop in first-quarter net...

San Miguel and Pure Foods discuss merger

A functional merger may occur between the meat businesses of Philippine food and beverage group San Miguel Corp. and Pure Foods Corp., the company about...

Funding released for French farmers

In February this year the French government announced financial support for cattle breeders facing difficulties due to the mad cow crisis. Following in depth discussions...

Unilever to axe 8000 jobs

Anglo-Dutch food giant Unilever plans to lose 8,000 more jobs and close 30 plants as it integrates the recently acquired Bestfoods into its operations, a...

New look for Degussa flavours

The Fruit Systems Business Line of Degussa Flavors & Fruit Systems (formerly SKW Nature Products) on Monday announced the launch of Sweet Ovations, the new...

US baby food merger called off

US consumer food giant H.J. Heinz Co. and US Beech-Nut Nutrition Corporation called off their proposed $185 million merger on Friday after an appeals court...

French Babybel reports profit

French cheese group, Fromageries Bel, last week announced a net profit of E69m for the financial year 2000, representing an increase of 7.8 per cent....

ADM joins up with co-operative

Grains giant Archer Daniels Midland Co. and Farmland Industries, the largest farmer-owned U.S. cooperative, said on Friday they were forming a grain-marketing venture. The...

Unilever reports strong group turnover

Unilever, the Anglo-Dutch food and consumer products group, said on Friday that its five-year Path to Growth plan to improve sales and margins was on...

US collaboration to develop soup ingredients

US flavour specialists Senomyx, Inc.,and US soups giant Campbell Soup Company announced this week a collaborative research and license agreement to discover and commercialise new...

French food industry resisting the difficulties

As a result of the food crises menacing Europe the year 2000 was undeniably a difficult one for the French food industry. However the industry...

Danisco buys US flavours

Danish food, sugar and packaging group Danisco said on Thursday it acquired U.S. Florida Flavors, a leading manufacturer of fruit flavours for the juice industry,...

Kellogg reports sales slump

Kellogg, the US cereals and snacks group on Thursday reported a slump in first-quarter profit as it moves to integrate its Keebler acquisition, the Financial...

Arla action following Tagatose GRAS approval

A US expert panel recently approved Tagatose, the low-calorie, milk-based sweetener for use in food products in the US. The sweetener obtained the GRAS (Generally...

Japan and Russia partially lift bans on meat

The Hungarian Government is pushing for a full lifting of the ban on meat and food product shipments to Russia, according to Péter Balás, Deputy...

Heinz buys Singapore condiments

Leading US food group marketer, Heinz, announced this week that it had acquired Singapore-based Sinsin Food Industries. A new company, Heinz Sinsin, has been...

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