CSM Ingredients wants to uncover ‘sustainable frontiers’ in fats and oils – including plant-based oil replacements made from microorganisms – with the inauguration of a new Innovation Center in Delmenhorst, Germany.
Bakery ingredients supplier CSM’s planned restructuring programme to offset weak consumer demand will result in 500 job losses, revealed the company when releasing its Q3 interim statement yesterday.
Dutch bakery ingredients supplier CSM said it expects to further recover increased input costs through price hikes in the coming months, as it announces a dip in first-quarter profits.
CSM will be forced to increase prices and reformulate products in 2011 due to the “dramatic increase” in commodity costs said the Dutch firm as it posted its full year results.
Dutch bakery ingredients supplier CSM posted an increase of sales of €149.2m for the third quarter, but notes a substantial hike in commodity costs and reports that it has taken some steps to offset this through higher prices.
Dutch bakery ingredients supplier CSM, in releasing its 2009 full year results, said it saw more consolidation in the industry with the expected narrower supplier base leading to synergy savings and thus lower costs for the industrial, artisan and in-store...
Dutch bakery supplies business CSM has announced that it will cut 200 jobs from its workforce across Germany, France and the US in the next two months in response to plummeting sales and falling consumer confidence.
CSM is counting the returns from its restructuring programme, with an increase in sales for the first half of 2008 and strong performance from its Purac business.
CSM has announced that it is selling its French frozen bread
operations to Neuhauser for €7.7m, a move that follows heavy
restructuring to improve efficiency of its European bakery supply
unit.
US agricultural giant ADM has sold its North American bakery
ingredients division in a move designed to streamline its
operations and focus on its core areas of expertise, the company
told FoodNavigator-USA.com.
Ingredients firm CSM is to jettison part of its French subsidiary,
Délices de la Tour, after a disappointing performance from the
speciality bread maker.
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.
CSM is to invest almost €20m to expand production capacity for its
American style bakery products, as the company continues its
restructuring process after a disappointing 2005.
CSM's decision to close a production facility in the US is the
latest in a series of initiatives designed to consolidate the Dutch
group's market position.
CSM's sugar beet processing plant in Hoogkerk, the Netherlands is
now fully online following the closure of the firm's Breda factory
earlier this year.
Job losses at leading lactic acid supplier Purac are on the cards
as the firm's owner, bakery ingredients supplier CSM, continues its
restructuring programme to strengthen core activities.
Dutch bakery ingredients firm CSM continues to focus on core
business, clearing the sale of its sugar confectionery unit Malaco
Leaf to investment companies Nordic Capital and CVC Capital
Partners.
Dutch bakery ingredients leader CSM continues to shed activities in
non-core countries, selling off its Swedish subsidiary BakeMark
Sweden to private equity group Accent, Lindsey Partos
reports.
CSM, the Dutch food ingredients company continues to shed non-core
activities, signing off its stake in natural alcohol supplier
Koninklijke Nedalco in a €24 million deal.
European bakery ingredients leader CSM will chip away at its German
subsidiary as the firm announces job cuts and restructuring efforts
to bring about savings and underline its focus on becoming an
international bakery supplies player.
