Flavour and fragrance firm Symrise has reported a 7% rise in its net annual profit despite increased raw material prices and start-up costs for the doubling of its menthol capacities.
Greater collaboration along the food and drink supply chain from supplier to retailer could help manage ongoing price volatility, according to PricewaterhouseCoopers (PwC).
Israel-based supplier Frutarom has acquired Brazilian flavour house Mylner for $15.7m (€11.84m), underlining its strategy of plugging any gaps in its flavour portfolio or market base.
Chr. Hansen’s full-year results are in line with expectations, says an analyst, but positives noted were the suppliers’ expectations for its EBIT margin growth and the better performance for its probiotics division in Q4.
Novozymes has reported a better than forecast profit in the third quarter of 2009, on the back of higher sales volumes and better productivity – although sales of food enzymes have fallen.
Ingredient firms may lack flexibility in the face of fluctuating raw material prices, which can leave them lumbered with contracts at prices less favourable than spot market prices.
Innovation in by emulsifier producers is good example of how
ingredients producers can revive a mature market by catering to
changing conditions and demands, says Frost and Sullivan in a new
briefing paper.
Frutarom has reported another positive set of the results for the
first three months of 2007, driven by growth in its flavours
division, integration of acquisitions and exploitation of
synergies.
Month-on-month growth for Tate & Lyle's zero calorie sweetener
will offset a dip in figures at the firm's European starch
operations as long term investment in added-value ingredients
starts to pay off.
French starch supplier Cerestar, a subsidiary of US agri-giant
Cargill, will tackle the stagnant European bakery market rolling
out a new generation of cold water swelling starches targeted at
bakery products with fruit, cream or...
Mirroring the state of play for ingredients companies operating
into today's climate, price pressures put the squeeze on third
quarter margins for ingredients giant Danisco.
Wheat, corn and soybean prices will remain high for much of 2004,
warns the US agency Fitch Ratings, with the industry likely to see
a continual shifting of higher ingredients costs onto the food
manufacturer. But tough negotiations...
Set against the backdrop of difficult trading conditions for
branded food manufacturers, raw material prices and a negative
currency impact played down first half figures for ingredients
giant Danisco.
