Brazilian corruption and food safety scandals do not alarm leading natural casings supplier DAT-Schaub, which aims to double the profits of four South American firms it acquired this week.
DAT-Schaub, which has ambitions to be the world’s best natural casings supplier, has acquired a majority stake in five companies across South America and Spain.
Marel will acquire Brazilian meat processing solutions provider Sulmaq for an undisclosed sum as it sees “growth potential” in South America’s food production industry.
JBS plans to launch an appeal after a Brazilian judge blocked its sale of meat firms in Argentina, Paraguay and Uruguay to rival Minerva in a nine-figure deal.
The European Food Safety Authority (EFSA) has rejected a novel foods application for the South American root vegetable arracacha xanthorrhiza after the applicant failed to provide sufficient information.
ConfectioneryNews asks industry leaders if cocoa production will gradually move closer to the burgeoning chocolate markets of China and Brazil or whether West Africa will always be the king of cocoa.
Snack makers should consider sourcing quinoa from India where the exotica strain is sweeter, higher in protein and sells at a stable, lower price, says the managing director of Ashtral Biotech.
Chr. Hansen has narrowed its growth forecast for 2012-13 after a major natural colour customer in South America chose to return to synthetics, and carmine prices declined.
Barry Callebaut has outshone the global chocolate market in its six month results, but profits were stunted by recent partnership-related costs and supply chain investments.
Corn Products International has unveiled plans to change its name to Ingredion to better reflect its role as a supplier of a broad range of ingredients.
Rising health concerns, all-natural credentials and growing regulatory approval are all driving stevia’s rapid market growth, finds a new report from Zenith International, which forecasts worldwide sales will more than triple in volume by 2014.
Chr Hansen is rolling out a new range of freeze-dried cultures for use in Continental cheeses, such as Prato, in South America, in a bid to build product quality and encourage higher consumption of cheese in the region.
Stern-Wywiol Gruppe has set up a new company to tap opportunities in the Brazilian food and beverage industry, offering initially flour and bakery ingredients from its Mühlenchemie and DeutscheBack businesses.
Denmark's Chr Hansen is set to launch a second-generation
Fermentation Produced Chymosin (FPC) for the cheese market,
promising cost-efficiency and better process control.
Raisio has signed an agreement to see its branded cholesterol
lowering ingredient enter the Ecuadorian market in yoghurt - a move
it says will take advantage of great market potential.
Global salt intake is still too high, according to a leading
academic, and many countries ignore the WHO's advice on a maximum
intake of 5g/day by issuing guidance far in excess.
A Slovenian rosemary extracts firm plans to penetrate the South
American meat market in order to tap lucrative Brazilian and
Argentinean exports to the US and Europe.
Bunge said last week that its first-quarter profit shot up 40
percent on the back of increased soybean yields, provoking the
company to raise its outlook for the year, writes Philippa
Nuttall.
South American and Asian yeast markets bring strong gains in the
first half, offsetting weaker markets in the US and Turkey,
London-based sugar and ingredients group Associated British Foods
reports today, writes Lindsey Partos.
Food ingredients and syrups manufacturer Corn Products
International said on Tuesday that fourth-quarter profit fell 41
percent as a result of restructuring in Mexico and South America.
Growth in Asian and South American markets boost sales for colours
firm Chr Hansen, counterbalancing a fall in revenue in North
America for the first quarter of the year.
Sparking growth in the emerging South American food market, Danish
ingredients giant Chr Hansen has opened new facilities in Argentina
designed to serve expanding activities from international
customers, reports Lindsey Partos.
Meeting targets for the year, US ingredients company Corn Products
International brushes off a tougher economic climate to post a
solid set of third quarter results with earnings rising by 15 per
cent. A strong performance in South...
Sales for US food ingredients company Corn Products International
were on target for the first quarter of 2003 ended 31 March 2003
with the company announcing on Tuesday that sales had risen 23 per
cent, lifting earnings and increasing...
Ahold has stepped up the pace of its disposal programme. After the
decision to withdraw from Chile in February, the Dutch retailer has
this week said it plans to quit Brazil, Argentina, Peru and
Paraguay. And Asia and Eastern Europe...
Ireland's Glanbia and Uruguay's Conaprole have joined forces to
help develop the market for dairy ingredients in Latin America. A
new joint venture company, Conabia, based in Mexico, will develop
sales throughout Central...
Australian bakery ingredients company Burns Philp announced its
intentions to expand in the emerging Latin American market with the
acquisition of US Kraft Foods yeast and industrial bakery
ingredients business in Latin America.
Corn Products International Inc., a corn refiner and supplier of
food ingredients, said that Q2 net income fell 21 per cent, as high
energy costs and weak currencies more than offset strong volume
growth.
