Mirroring the state of play for ingredients companies operating
into today's climate, price pressures put the squeeze on third
quarter margins for ingredients giant Danisco.
The key ingredient in the most popular ice cream in the world faces
a rise in price, already at a 10 year high, as the worst cyclone in
two decades hits Madagascar, the leading producer of vanilla.
UK ingredients and additives supplier S. Black has extended its
flavour range for Irish and UK food businesses announcing a new
distribution deal with private Swiss company Firmenich.
Proof that soaring price rises are not only branded in the hard
pushed natural vanilla market with the news this week that
Norwegian ingredients company Borregaard Synthesis has hiked up the
price for its line of synthetic vanillin...
Driving hard into value added ingredients has paid off for Irish
food group Kerry as the company faces off tougher currency exposure
in 2003 to see a steady rise in sales and operating profit.
European bottom line benefits from greater...
Frutarom Switzerland, the recently acquired Swiss arm of Israeli
flavours group Frutarom, has pulled on synergies from its new
parent to launch a new line of grapefruit flavours, the first in a
range of citrus flavours.
UK manufacturer of aroma chemicals for food, Oxford Chemicals, made
moves this week to extend the company's reach in the US signing on
a US company for distribution.
The debate on the labelling of additives on food products shifts up
a gear in the UK with the Consumers' Association criticising the
government and the country's food watchdog for failing to make
nutrition a priority.
Flavours and fragrance company Quest continues the battle to
restore lost business as UK parent company Imperial Chemical
Industries (ICI) reports a continuing drop in earnings for the
flavours house.
Danisco is on the acquisition trail with rumours suggesting the
Danish ingredients giant is preparing to buy the food additive arm
of ailing French chemicals business Rhodia.
Millions of euros will be poured into three major
'farm-to-fork?research projects, the Commission said yesterday, to
reinforce R&D co-operation at a European level and bring a
monetary boost to the increasingly complex food...
Competition in European flavours heated up this week as Cargill,
the largest private company in the US, signed on the dotted line
for UK flavours group The Duckworth Group (TDG).
Pinpointing growth areas in the food industry, leading US flavours
company International Flavors & Fragrances (IFF) is to break
ground on a new facility in the bakery and savoury application
areas.
An emergency decree passed late last month by the Italian
government in a bid to save dairy giant Parmalat from collapse
looks set to win support from the European Commission on the back
of guarantees that there will be no state bail-out...
Hot on the heels of disappointing third quarter results, notably in
the colours division hit by weaker sales in the US, Sensient
Technologies has announced a round of cost cutting measures which
will include job losses.
The movement of foodstuffs within the European boundaries will be
changed forever once the next step towards an enlarged Europe takes
place. Food and Life Sciences lawyer Raymond O’Rourke takes us
through a detailed look at some of...
Set against the backdrop of difficult trading conditions for
branded food manufacturers, raw material prices and a negative
currency impact played down first half figures for ingredients
giant Danisco.
Speaking in Brussels earlier this week, European Commissioner for
Health and Consumer Protection David Byrne announced the latest
development on issues relating to food safety within an enlarged
EU.
Labelling issues on the cards again for manufacturers as the UK's
food safety agency this week launches a consultation on the use of
alternative phrases to 'may contain' on food labels.
Ongoing consolidation of European food product companies means that
today's flavour firms will principally achieve market gains through
product innovation. Aiming to hit the top five flavour slot,
Danisco has a new president...
Despite a 'challenging' year that saw profit before tax falling by
24 per cent for the first six months, UK flavours company Treatt
has reined in results posting a steady, erring on grey, set of
figures for the year.
In the wake of terrorist attacks in the US on September 11, 2001
Europe's manufacturing industries have taken a knock but figures
released this week reveal that the food industry is managing the
course, registering a 'light...
