Vivartia, Greece's largest food production company, yesterday
announced it is breaking into the US bakery market with its
acquisition of biscuit and cookie firm Nonni.
Chiquita, a major supplier of bananas to the food industry, today
outlined a restructuring plan that includes consolidating
operations and slashing jobs in order to improve efficiency and
innovation.
Bunge, a supplier of agricultural and edible oil products to the
food industry, today reported that earnings more than doubled in
its third quarter on the back of strong market conditions.
Chr Hansen has announced the sale of its excipients and coating
division in the US, in a move designed to further focus its
business on its core food ingredients activities.
Chr Hansen has sold its paprika business activities and production
facilities in Spain and India to allow it to focus on value-added
activities, the company announced on Thursday.
A new range of spray dryers use a non-clogging ultrasonic atomising
nozzle, which reduces overspray that can cause atmospheric
contamination, the manufacturer claims.
Archer Daniels Midland (ADM) has reported a modest third quarter
increase in income, with a strong performance from its corn
processing segment boosting flagging profits in other divisions.
Banana supplier Chiquita has reported a widened loss in its fourth
quarter and full year, but the firm said it expects a number of
strategic initiatives it has put in place will help it gain
momentum in 2007.
International Flavors and Fragrances (IFF) is to separate its
business into two different units in a bid to better reflect its
flavor and fragrance operations, the company announced yesterday.
Dutch ingredients producer CSM is poised to sell its lucrative
sugar business to Royal Cosun in an effort to streamline their
bakery portfolio and strengthen growth in pivotal areas.
President of the Institute of Food Technologists (IFT) Margaret
Lawson has become vice president for science and innovation at
global food colour manufacturer DD Williamson.
Cargill will no longer have a presence in the hazelnut processing
industry once the agreed sale of its Turkish hazelnut processing
business goes through.
McCormick has announced that it is to acquire the remaining 49
percent of Dessert Products International (DPI) as the company
continues its efforts to simplify its business and focus on areas
with strong growth potential.
Leading spice company McCormick is to slice away at its customers,
products and employees as it embarks on a three year restructuring
plan to improve sales and profit margins.
Danish R&D company BSP Pharma will launch its shea butter
ingredient for use in joint health supplements in the US next week,
as the company seeks its first marketing partner for the
scientifically backed ingredient.
Competition in the biogum sector is set to hot up with the news
today that US company CP Kelco is looking to boost production
capabilities to reinforce its position in the biogums marketplace.
Ecolab, the global cleaning and pest elimination provider, has
announced record first quarter sales reflected largely by the
growth of its global foodservice markets.
Despite a more challenging global economic environment US
agribusiness giant Cargill this week reported a substantial rise in
earnings to $241 million (€221m) for the 2003 third quarter, up
from $151 million a year ago. Proceeds received...
A brand new ingredients company is to hit the marketplace. Backed
by US soybean giant Bunge and ingredients company DuPont Protein
Technologies, Solae, touting itself as 'one of the world's
premier developers and marketers...
Nutritional ingredients business Cognis continues to concentrate on
core activities with the announcement this week that it has sold
its Fragrances & Specialties business (Cognis F&S) to
Japanese speciality chemicals business...
Ingredients company RFI Ingredients, a supplier of natural
ingredients for the food and functional food industries, has signed
a merger agreement, effective from 1 November, with US nutritional
blends company Nat-Trop. The move looks...
US company Opta Food Ingredients, a developer and manufacturer of
food ingredients, this week reported revenue growth to $7.4 million
(€7.2m) for the second quarter ended 30 June 2002, compared with
$7.0 million for the second quarter...
Mondi Packaging UK's Great Yarmouth site has been awarded Silver in
the Anglo American CEO competition for outstanding performance in
occupational safety.
Nestle Japan is seeking to reassure consumers who discovered that
the company is using surplus stocks of old instant coffee products
to make new products.
Following negotiations announced last March, Beghin-Say on Tuesday
reached an agreement to sell the Eridania group to a consortium of
three Italian companies, Sadam, Co.Pro.B and Finbieticola.
RFM Corp, the Philippines' second largest food firm, confirmed on
Monday it was in preliminary talks to sell its meat processing unit
Swift Foods to food and beer giant San Miguel.
Opta Food Ingredients has reported a loss in the fourth quarter
ended 31 December 2001 of €360,748. Revenue for the quarter was
$5.9 million (€6.73m) compared with $6.0 million for the comparable
2000 quarter.
US almond co-operative Blue Diamond Growers is to issue cheques
totalling $40 million to its nearly four thousand member growers on
January 4, 2002, the group announced this week.
The American grain processing giant Archer Daniels Midland Co.
claims it is to acquire Ag Processing Inc.'s stake in the U.S. and
Caribbean operations...
International Flavor & Fragrances Inc. provided yesterday an
update regarding its integration of Bush Boake Allen and the
progress of its reorganisation...
Canadian company Formbes Medi-Tech Inc. announced the first
consumer product test market launches in Australia and the U.S
containing its phytosterol-based...
