Symrise exceeds target with 18% jump in sales from last year
Growth at the fragrance and flavour company was fuelled by the acquisition of the Diana Group and a particularly strong quarterly earnings beating forecasts, said the company.
Archives for March 11, 2015
Savory flavors gain traction in nutrition bars
Savory flavors are gaining momentum in the traditionally sugar-saturated nutrition bar category with the entrance of two more companies.
Latin America
Aloe companies expanding production in Mexico to meet rising demand
Worldwide demand for aloe means acreage for this important botanical continues to expand in Mexico, one of the main sources of the ingredient. And that demand has been driven largely by products sold through network marketing companies, an expert says.
China increases scrutiny of New Zealand infant formula imports over 1080 threat
China has implemented stricter import measures on infant formula from New Zealand in the wake of a threat to contaminate products with sodium monofluoroacetate (1080).
Briefing
China’s make-or-break year for food safety reform
We are now in the third month of what could be a landmark year for food safety in China.
India
Ficci: India could grow its Asean trade by US$26bn this year
India’s exports to Asean grew from US$44bn in 2010 to US$74bn last year, according to a government official as he outlined the region’s growing importance.
Findus snaps up Spanish ready meal firm
The Findus Group has snapped up Spanish frozen ready meal firm La Cocinera from Nestlé Spain for an undisclosed sum, following approval from the Spanish competition authorities.
Traffic light labels may improve self-control
Traffic light nutrition labels may help consumers exercise more self-control over high calorie foods, according to a new study published in the journal Obesity.
Prepare for pre-recession spend – top economist
Food manufacturers should prepare for a positive three years ahead, as the changing economy prompts consumers to spend at pre-recession levels, a leading economist has said.
Salt of the Earth launches sodium-reduction ingredient that preserves clean finished food labels
Salt of the Earth’s new Umami-Essence Sea Salt can help food manufacturers reduce sodium up to 50% while preserving a clean label because it does not use MSG or artificial ingredients, the Israeli company claims.
Empire Kosher Foods snapped up in acquisition deal
US-based food group Hain Celestial has announced the full acquisition of Empire Kosher Holdings and its wholly-owned subsidiary Empire Kosher Poultry.
US gets “wake-up call” on export challenges
While US red meat exports were hit by the West Coast port dispute, figures for January highlight the challenges faced by the industry, according to US Meat Export Federation (USMEF) president and chief executive Philip Seng.
Russia blocks supplies of poultry meat from Ukraine to third countries
Russian veterinary body Rosselkhoznadzor has refused the transit of 37 tonnes (t) of poultry from several Ukraine poultry farms to Kyrgyzstan and Uzbekistan, due to issues with veterinary certificates.
SGS and Trace One partner for supply chain transparency
SGS is using Trace One software to help customers reduce risk and ensure compliance throughout the supply chain.
Dietary salt risks go beyond blood pressure, warns new study
High intakes of dietary sodium may be causing harm to vital body organs even in cases where it does not cause high blood pressure, say researchers.
SERIAL PROTEIN FORTIFICATION RISKS COMMODIFYING CATEGORY, ANALYST WARNS
What happens after protein? Canadean suggests we may need a new 'super ingredient'
Protein fortification is here to stay, says Canadean - but analyst Kirsty Nolan warns that brands should resist the impulse to simply add it to everything and commoditize the ingredient.
Disrupt or die: Big Food is at a crossroads, says Hartman Strategy
While ‘legacy’ food and beverage brands are laser focused on price, promotion and placement, no amount of financial clout or merchandising wizardry can mask the fact that smaller, sexier, more disruptive, brands are outpacing them. But are CPG’s biggest...
Ferrero plans first factory in ‘strategic’ Chinese market
Ferrero plans to manufacture in China to heap further pressure on chocolate market leader Mars.
The end of stevia’s natural reign – or the beginning of a new one?
By producing stevia through fermentation and solvent-based extraction the industry risks losing its most promising natural sweetener - but this may create a new market for new niche stevia products, say analysts.
Celebrates 25th anniversary thanks to clients including Birds Eye and Nisbets
TME launches ThermoBarScan thermometer with Bluetooth and a Barcode
TM Electronics (TME) is celebrating its 25th anniversary this year and has launched MM7100 ThermoBarScan, a Bluetooth thermometer with integral barcode scanner for the food industry.
Lebanon tackles increase in foodborne illness
Lebanon has stepped up food safety monitoring after an increase in foodborne illnesses.
Finnish snacks giant Paulig considers axing Swedish Tex Mex chips site
Finland’s Paulig Group has mooted a plan to close a Swedish factory in Sweden that produces Tex Mex potato chips and consolidate production in Belgium.
Mark Rampolla: ‘The best time to raise money is when you don’t need it’
ZICO coconut water founder: ‘The first nine years were absolutely brutal…’
What are investors really looking for when they assess a food and beverage business? When it comes to gross margins, is there a magic number? And can you really be in decline when your sales are growing strongly?