Scandinavian meat processor HKScan has posted a full-year loss after scale-up costs at its new cutting-edge poultry plant in Rauma, Finland, “eroded” results.
The UK government and food sector representatives are focusing on increasing collaborative R&D and the adoption of “state-of-the-art” technologies to deliver on goals to “decarbonise” the sector and improve energy efficiency.
Turkmenistan halal meat producer Taze Ay plans to increase sausage production by 400% after securing a loan from a London bank investing in small and medium-sized enterprises (SMEs).
Aggressive expansion across West Africa has resulted in soaring profit growth for Zambeef, but extremely strong foreign exchange headwinds have troubled analysts.
China’s official beef imports surged by more than 50% last year as a government crackdown on grey market meat bolstered formal trade figures, according to a new report.
Swiss flavour and fragrance firm Givaudan has reported a 2% rise in sales on a like-for-like basis, with the company maintaining the outlook that it will continue to outgrow the underlying market.
Food security has become less urgent for Middle East states, but many are still pursuing “macro food sovereignty” policies to ensure long-term supply, according to a SOAS academic.
Matt Incles, from Promar International, describes the latest developments in the Eurozone and considers the impact on consumers and their meat purchase behaviour.
Danish Crown subsidiary Tulip has completed the modernisation and expansion of its Westerleigh plant in Gloucestershire, England, as part of a project costing approximately DKK160m (£16m).
Improving global nutrition won’t be achieved unless, “the roles of politics, economics, and institutions” can be better understood, The Lancet has reported.
spiritsEUROPE revealed today that it has written to the Bulgarian Finance Minister asking him to delay a duty strip stamp change, which it warns could cost premium spirits producers.
The palm oil sector makes a clear contribution to the economies of producer countries – but it also contributes to the economy in importing markets, according to a new report.
The International Finance Corporation (IFC), of the World Bank, is lending US$250 million to Ukraine’s leading poultry producer Myronivsky Hliboproduct (MHP) to help kickstart the country’s flailing economy.
Futures exchange company CME Group has made a “strong commitment” in the cocoa market and plans a new contract to rival the IntercontinentalExchange Group (ICE).
International retail meat packing business Hilton Food Group has put in a steady performance across the global markets it operates in, according to its latest interim management statement.
Naturex has reported slower growth in the third quarter, mainly due to currency fluctuations, although revenue for the first nine months was still up 8.7% compared to the same period last year.
A massive 33.6% growth in revenue from nutrition and health helped French ingredients firm Naturex to a strong double-digit growth in the first half of 2013.
British food and drink manufacturers are stepping up investment, reflecting growing optimism about business prospects, according to a survey by the Food and Drink Federation (FDF).
Greater collaboration along the food and drink supply chain from supplier to retailer could help manage ongoing price volatility, according to PricewaterhouseCoopers (PwC).
Premier Foods will shut two bakery sites and remove 130 distribution routes at a cost of £28m ($44.5m); a move sparked by its lost Co-op bread contract.
The financial crisis has also led to a consumer crisis of confidence – but nearly nine out of ten French shoppers see the economic slump as an opportunity to revise consumption habits, according to Nutrimarketing’s Sophie de Reynal.
The UK food and drink industry is optimistic about sales prospects in the third quarter (Q3), according to a survey conducted by the UK’s Food and Drink Federation (FDF’s)
Royal DSM paid tribute to its nutrition division which held steady as its sales and profits dipped for the second quarter and first half of the financial year, as recessed global economies took their toll on bottom lines.
Japanese ingredients supplier Ajinomoto has seen Q1 sales drop 2.6% to ¥296.3bn, with slow global economies and the aftermath of the March natural disasters in Japan affecting the results.
A year after natural ingredients supplier Wild announced plans to go public, CEO Michael Ponder explained what an IPO can do for the company and what will determine its timing.
Hans-Christian Ambjerg, president of DSM Food Specialties, goes head to head with FoodNavigator.com on commodity prices, emerging markets and acquisition strategy.
Givaudan has started the build of its new manufacturing site in Hungary, which it says will increase capacity and grow its savoury flavours business in developing European markets.
The Food Ethics Council and NEF are hosting a conference on food justice in London this month, to debate the prospects for a more just food system at a time of public spending cuts, rising unemployment, and climate change concern.
Life will only get tougher for Unilever in the second half of 2010, but things could improve in 2011 as its Genesis innovation programme starts to bear fruit, cost inflation cycles out and rival Procter & Gamble (P&G) starts to run out of steam,...
A tight economic environment and cautious consumer spending is likely to dampen the short-term potential of the food and beverage market in Slovenia, with interest in the market coming largely from regional manufacturers, according to a new report.
The more food companies work with different levels of the food supply chain and network with external partners, the more innovative they are likely to be, a study of the Danish food industry has found.
The food industry’s relative immunity to the effects of recession, and the strong links throughout the supply chain, mean it can play a part in reinvigorating the whole economy, say agricultural economists from Greece.
The worst of the global economic crisis on chocolate is over but global market volumes will remain flat throughout 2010, predicts Barry Callebaut – which itself is expecting to outperform the market.
Flavour and fragrance ingredients company Treatt has posted increased revenues during the 2009 financial year helped by the strength of the US dollar, and better results from Earthoil.
Lack of financing for innovative small and medium enterprises is holding back the biotech sector in the EU, according to EuropaBio, which has hosted a day of meetings with EU decision-makers.
One year on from the economic crisis… three days of crowds in the packed exhibition halls of Frankfurt Messe. The food industry looks to be bouncing back, but there are some changes in its focus.
As the stevia industry is poised for wide take-up, harmonisation and recognition of the need for standards is crucial to securing a good reputation from the outset, according to ChromaDex CEO.
Prices for key commodities used by food manufacturers may have eased since their peaks last year, but the cost of cereals and vegetable oils in the near term will remain far higher than pre-2008, projects the OECD.
UK-based Cadbury is hoping to extend its presence in India with the confectioner reportedly set to use the country as a major regional production centre for its cocoa supplies.
Nestle has indicated that the recession need not be all about cutting costs and keeping prices down, unveiling initiatives to tackle longer-term economic and social challenges, and create shareholder- and public-value.
Cutting costs is the top priority in 2009 for food and beverage companies, according to a report from Deloitte which outlines strategies companies can adopt to stay ahead in challenging economic times.
