Business

One of Glendale Foods' Yankee products

Glendale Foods refurb breaks new ground in UK

By Rod Addy

Frozen food manufacturer Glendale Foods has delivered a UK first with the installation of a high speed multi-forming machine that can make up to 3,000 meatballs a minute.

Parmalat eyeing double digit growth for 2012

Parmalat eyeing double digit growth for 2012

By Mark Astley

Parmalat has reported double-digit revenue and profit growth for the first nine months of 2012, driven by strong performances by its US, Canadian, Australian and Russian segments.

DSM buys Fortitech for €495m; “We are done for awhile”

DSM buys Fortitech for €495m; “We are done for awhile”

By Shane Starling

Rampant nutrition business acquirer, Royal DSM, has splashed the cash for the ninth time in two years – this time to the tune of €495m ($634m) on US-based multinational nutrient blending giant, Fortitech (€212m/$270m annual turnover).

Mondelez Q3 results hit by developing markets

Mondelēz takes tumble in developing markets

By Oliver Nieburg

Mondelēz International was weighed down by operational issues in Brazil and Russia in the third quarter (Q3) which harmed overall performance in its first results since it split from Kraft Foods in October.

Q3 wrap: Nutrition stars for DSM and Naturex

Q3 wrap: Nutrition stars for DSM and Naturex

By Shane Starling

Royal DSM saw Q3 sales slip 7% to €2.3bn across all divisions with polymer intermediates performing worst, but as has been the case in recent quarters, the Dutch firm’s nutrition cluster held firm with 1% organic growth in difficult economic times.

Glanbia unveils €21m whey protein isolate plant investment

Glanbia unveils €21m whey protein isolate plant investment

By Mark Astley

Glanbia has unveiled a €21m whey protein isolate (WPI) investment at its Dairy Ingredients Ireland (DII) Ballyragget facility – the Irish dairy giant’s latest expansion effort driven by the up-coming milk quota abolition.

Chr Hansen profits up despite eurozone slowdown

Chr Hansen profits up despite Eurozone slowdown

By Shane Starling

Shares jumped more than 3% to just over €24.05 this morning in Danish enzymes, colours and cultures company Chr Hansen as its yearly revenue hit €699m. Profits improved 10.7% to €131.3m for the 12 month period ended August 31.

Unilever sales up 10% - but food business slides

Unilever sales up 10% - but food business slides

By Caroline Scott-Thomas

Unilever reported a 1.4% drop in its food sales volumes in the third quarter, as its spreads business suffered from high pricing relative to competitors – but overall revenue at the company was up 10.3%.

Lower cocoa prices have helped Natra increase its profit

Natra profits rise after cocoa price letup

By Oliver Nieburg

Spanish chocolate and cocoa processor Natra has more than doubled its operating profit in its ninth-month results helped by relaxing cocoa prices, North American expansion and a shift to value added products.

Nestlé 9-month sales up 11%

Emerging markets continue to drive Nestlé sales

By Oliver Nieburg

Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.

Hydrocolloid prices under pressure

DuPont raises global hydrocolloids prices 10 to 15%

By Caroline Scott-Thomas

DuPont Nutrition & Health has said it would increase prices globally across its DuPont Danisco hydrocolloids range by an average of 10 to 15%, citing increases in raw material, energy and fuel costs.

IFF to invest $50m in Turkish plant expansion

IFF to invest $50m in Turkish plant expansion

International Flavors and Fragrances (IFF) has said it will invest $50m in its existing Turkish facility over the next three years, in order to support the company’s development in emerging markets in Europe, the Middle East and Africa (EMEA).

Nexira chief Stéphane Dondain on newly acquired Tournay Biotechnologies:

Nexira buys Tournay as it drives expansion plans

By Shane

French botanicals and ingredients supplier, Nexira, has made good its promise to expand its portfolio and operations by acquiring fellow French firm, Tournay Biotechnologies, for an undisclosed cash sum.

Paramount Foods has made more than a quarter of its workforce redundant

Paramount axes 118 jobs after losing Morrisons contract

By Mike Stones

One of the UK’s largest manufacturers of chilled and frozen pizzas, Paramount Foods, has made 118 workers − more than 25% of its workforce − redundant after losing a key contract to supply Morrisons.

Emerging markets are driving growth

Emerging markets underpin Givaudan sales growth

By Caroline Scott-Thomas

Strong growth in emerging markets was a major driver of increased sales in the first nine months of 2012, according to Switzerland-based flavour and fragrance firm Givaudan.

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