Cargill has welcomed the EC's decision to approve its acquisition
of Degussa's food ingredients operations, claiming that the
decision will accelerate the company's focus on creating value and
growth for its customers.
Record oil prices bite hard into earnings for ingredients firms
with Degussa, Germany's third largest chemicals group, warning of
the impact a one dollar price rise for crude oil can have on the
firm's books.
Degussa has blamed raw material cost increases for
lower-than-expected earnings in the second-quarter, despite
claiming that the business has"performed satisfactorily".
Despite the shadow of an impending sale, German hydrocolloid
supplier Degussa is moving up a gear in the burgeoning Chinese
market, opening a new production unit to ramp up supplies to the
area, writes Lindsey Partos.
Soon-to-be-sold ingredients unit at Degussa, Germany's third
largest chemical company, fails to impress in 2004 with sales
falling by 4 per cent, contributing just under 5 per cent of total
sales to overall €11.2 billion turnover...
Flavours and texturants firm Degussa will shrug off its fruit
preparation business to an American equity company in a sale that
prepares the ground for a total divesture of its remaining food
ingredients unit.
Looking to new market gains in the UK, US and Australia, German
ingredients group Degussa has revamped its line of bakery cream
systems to target food makers with a competitive package.
Looking to new market gains in the UK, US and Australia German
ingredients group Degussa has revamped its line of bakery cream
systems to target food makers with a competitive package, writes
Lindsey Partos.
Building on a stronger start to the year, Germany's third largest
chemicals group reports continued growth into the second quarter
with an increase in demand pushing up sales and earnings for the
period, reports Lindsey Partos.
Despite reporting a decline in revenues, Germany's third-largest
chemicals company Degussa said that it had 'got off to a solid
start' in the first quarter of the year, ahead of presenting its
full results tomorrow.
German speciality chemicals firm Degussa is investing €10 million
in a new research and development centre in Shanghai, where its
numerous business units, including food ingredients, will seek to
develop products targeted for the...
German chemicals company Degussa last week launched a benchmark
bond to replace maturing debt and extend its financial liabilities.
It was three times oversubscribed, according to the company,
increasing the transaction size.
The international German mining and technology group RAG is to be
the new owner of Germany's third-largest chemical company, Degussa,
following news on Tuesday that the European Commission has approved
the acquisition.
Germany's third-largest chemicals company Degussa has taken a €500
million charge in its fine chemicals business unit as it continues
to feel the impact of adverse changes in market conditions.
The intricacies of phosphatidylserine (PS) are explained in a new
website for the food and health industry launched by Degussa
BioActives, the nutritional ingredient business unit of Degussa.
Despite a testing global economic climate, sales remained steady
and earnings before interest and taxes rose for German speciality
chemicals company Degussa in the first quarter of 2003. But guarded
optimism remains for 2003.
Leading German chemicals group Degussa released first-half year
results this week, announcing that core businesses lifted sales 1
per cent to € 5.5 billion, but overall sales dropped 3 per cent
from last year's figures to €5.9...
