The European Bank for Reconstruction and Development is to increase
its capital charter investement in Danone Industria in a move that
is expected to help finance expansion plans, allowing the company
to more than double its annual...
Management at the Royal Schouten group, parent of soy ingredients
business Acatris, has increased its share in the company under a
new shareholder structure designed to allow it to move more easily
on strategic developments, such...
Mayr-Melhof has confirmed the acquisition of a major folding carton
plant in St. Petersburg that will serve leading consumer industries
including the food and beverage sector.
Nestlé Romania has confirmed that it is to invest a further €3.5
million in its factory in Timisoara, as the company reaffirms its
ambitions to dominate the all-important wafer market in the region.
Sun Interbrew has confirmed that it is preparing to invest
significantly in a number of its production facilities in Russia
and that the programme will focus considerably on its Omsk facility
in Siberia.
Russia's leading dairy and juice producer has declared a steady
increase in its quarterly production output as well as a
reaffirmation of its Standard & Poors rating.
Masterfoods Romania, part of the US manufacturer Mars, has
announced that it is expecting its sales turnover to exceed €20
million in 2004, encouraging the company to invest further in the
country.
Nestle Sofia, the Bulgarian division of Swiss food giant Nestle,
has made a clear break into profitability, having announced a 70
per cent increase in its net profit for the 2003 period.
The wholesale sector in the UK is expected to continue to play an
important role in the grocery sector for the next ten years, in
particular in helping brand owners improve their relationship with
independent retailers. But while...
Having recently announced a large-scale withdrawal from the
Hungarian market, Kraft Foods has reaffirmed its commitment to the
Romanian market, by confirming a series of future investments in
its division there.
Unimilk, Russia's second largest dairy producer, has confirmed that
it has received a €34 million credit line from Moscommercebank. The
company is hoping that it can now start to make investments in its
production facilities,...
Top line growth for suppliers to the food industry will have to be
delivered through innovation and focused branding strategies, finds
a new report, at the same time stressing that emerging markets
could threaten the ingredients industry.
Investment fund Russia Partners II has acquired the Moscow-based
Ice-Fili ice cream producer and confectionery group Zvezdny,
according to a report in the Vedomosti newspaper.
International food processor Cargill is set to construct a $50
million malt plant in Tula Oblast, Russia. Company spokeswoman
Irina Kalygina told the Russian Vedomosti newspaper that the
corporation is looking into the possibility...
After getting off to a slow start at the beginning of the year,
Romanian confectionery manufacturer Heidi Chocolats Suisse has said
it is now estimating a 15 per cent increase in sales this year.
Kwik Save continues to weigh down the performance of UK retailer
Somerfield, but second quarter and half yearly results reveal that
the margins are closing. Will Kwik Save turn the corner or will it
continue to hold Somerfield back?
Embattled Rhodia CEO resigns coinciding with news that further
restructuring drive on the cards for the French food and
pharmaceutical ingredients company to shave off €600m in
divestments.
Ambitious ingredients company CP Kelco will up funding in the Far
East in a bid to reinforce its growing carrageenan business. "We
are taking steps to organise our supply chain to add flexibility to
our operations," said...
Yesterday we reported on a new production plant by CP Kelco to
ensure its position as a leader in hydrocolloids, today the same
company announced that it plans to increase pectin capacity at its
Skensved, Denmark and Limeira, Brazil...
Company results continue today with the Dutch Royal Schouten Group
(RSG) - comprised of the four divisions Acatris, Orffa, Schouten
Products and Nutrilab - reporting a strong financial performance
for 2002, benefiting from the completion...
Spanish supermarket group Mercadona has reported a 28 per cent
increase in sales during 2002 as its policy of investment in new
and exisiting stores continued to pay off - but plans for expansion
into Portugal have been shelved.
Somerfield, like its compatriot Iceland, has suffered in recent
years because of a poor image and shabby stores. Both chains have
invested in new formats, and for Somerfield at least, this
investment appears to be paying off.
French chemicals company Rhodia is to sell its UK-based brewing and
enzymes businesses to US biotech company Genencor International in
a bid to strengthen its focus on food additives.
Demands for damages of around $6 million from the Ethiopian
government at a time when the country is facing famine have led to
a storm of protest against Swiss food giant Nestle. But the company
said it would invest the proceeds of...
Despite continued economic pressures in certain Asian markets,
Australia's largest food group Goodman Fielder is performing in
line with expectations, chief executive Tom Park said earlier this
week.
A €91 million sugar-substitute plant in western Turkey represents
the biggest greenfield investment made outside the US by Cargill,
the Minnesota-based food producer. Yet the problems faced by
Cargill in Turkey since the factory started...
Australian food giant Goodman Fielder said this week that it is on
track to divest its milling and gelatin assets and is proceeding as
planned with a second tranche share buyback following other asset
sales
Danone, the French foods group, said on Wednesday that it had
agreed to sell its Italian cheese and ham unit, Galbani, to BC
Partners, a private equity fund, for E1.02bn.