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IFT Meeting 2001: industry news

The Institute of Food Technologists opened the doors to its 2001 Annual Meeting in New Orleans on June 24. With approximately 20,000 visitors and over...

Foodland on track for expansion

On June 25, the Australian grocery group Foodland Associated Ltd. announced it would pay US$81m for 36 Franklins supermarkets and two warehouses outside its home...

Indofood's aggressive expansion strategy

The Indonesian instant noodle and flour maker PT Indofood Sukses Makmur, claimed it plans to build food factories abroad, following the company's strategy for expansion,...

Sara Lee guilty and fined over contaminated meat

On June 22, the American consumer products group Sara Lee pleaded guilty in federal court for selling hot dogs and meats in 1998 that were...

ConAgra reports 4th quarter results

On June 22, ConAgra Foods, the American food and agribusiness group, reported its fourth-quarter earnings would be sharply below expectations because of the softening economy...

Haitai Confectionery will be sold to consortium

The main creditor of South Korea's Haitai Confectionery said on June 22 that it had agreed to sell the insolvent firm to a UBS Capital-led...

European tuna firm investing $60m in Salvador

On June 21, Grupo Calvo, the Spanish tuna processing company, said it plans to invest some $60m to build a processing plant and install two...

NatFood considering bid on NZ Dairy Foods

On June 21, National Foods Ltd., an Australian processor, announced it would consider bidding for the 50 per cent of New Zealand Dairy Foods set...

Merck on track to buy Japanese research institute

On June 20, the German pharmaceutical group Merck KGaA announced that its Japanese generics unit, Merck Hoei Ltd, has agreed to buy a research institute...

Australia dairy processor contemplates Kiwis

National Foods Ltd, one of Australia's three largest dairy processors, said on Thursday it would consider bidding for the 50 per cent of New Zealand...

City recommends investment in Unilever

Investment bank Dresdner Kleinwort Wasserstein on Wednesday put its weight behind Anglo-Dutch household goods maker Unilever Plc, raising its price target to 700 pence from...

Danisco looking to expand ingredients segment

Danish sugar and food ingredients group Danisco on Wednesday posted a slight drop in year earnings but still beat expectations and forecast sustained profit growth...

Irish malt to flavour Belgian beer

Irish food group Greencore Plc said on Wednesday that it has signed a long-term agreement to supply malt to Interbrew, the world's second largest brewer....

US gov drags feet on Pepsi-Quaker deal

The widening gap between PepsiCo Inc. and its proposed acquisition target, Quaker Oats Co., has left investors wondering whether government regulators are moving to complete...

Brazil losing revenue on coffee

Coffee consumption was multiplied by five in the last 100 years. Brazil, which once dominated 80 per cent of this sector, had a timid growth...

Senator warns against IBP-Tyson merger

A Democratic senator from South Dakota urged the Bush administration this week to review the expected merger of poultry giant Tyson Foods Inc. and meat...

Heinz will keep its tuna business

Bill Johnson, chief executive of HJ Heinz, the American consumer food group, announced on June 14 that he was not ready to abandon its tuna...

Kirin Beverage's new cold teas for the summer

The Japanese non-alcoholic beverage company Kirin Beverage is reaching back to the most traditional of Japanese refreshments: tea. After a long dependence on a sweet...

Slump in profit for tea giant

Shares of Tata Tea Ltd, India's largest tea producer by volume, slumped 4.9 per cent in a flat market on Wednesday, reacting to the 20...

Postponement of IPO for Zentaris

Zentaris, the biotechnology branch of Degussa, the German chemicals group, has postponed its initial public offering until further notice, adding further evidence of the tough...

Beverage brands back into Kraft's portfolio

Kraft Foods Inc., an American branded foods and beverages company, announced that it has signed an agreement with Cadbury Schweppes Australia Limited to end its...

Instant food on the go

Hong-Kong based instant food maker GeoMaxima Holdings Ltd said on Tuesday that its controlling shareholder was in talks with Sinopec National Star Petroleum Corp about...

Dole Foods upbeat for 2Q

Dole Food Co., the largest U.S. fresh fruit and vegetable producer, on Monday forecast improved second quarter earnings benefiting from cost cutting measures. Dole...

Tetra Pak expands activities in Brazil

Tetra Pak, the Swedish packing company, which has a 98 per cent stake in the Brazilian carton market, is to announce its entry into the...

Cuban sugar harvest falls short

Cuba's eastern Holguin province met its sugar plan on Monday, only the sixth of 13 sugar-producing provinces to do so, as the 2000-01 harvest drew...

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