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Runa Tea launches energy drink based on guayusa leaf
Runa Tea, a Brooklyn, NY-based company that introduced line of beverages based on an Amazonian leaf to the US market, has launched an energy drink with an ultra clean label.
Coca-Cola: Gold Peak tea ‘rapidly on its way to becoming a $1bn brand’
Coca-Cola’s ready-to-drink iced tea brand Gold Peak is “rapidly on its way to becoming a $1bn brand”, revealed CEO Muhtar Kent in an earnings call yesterday.
‘Significant’ decline in snack cake demand prompts Canada Bread closure
A significant decline in snack cakes over recent years has prompted Canada Bread Company to shut down a Quebec facility, its CEO says.
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Dow AgroSciences unveils new R&D facility at Indianapolis HQ
Dow AgroSciences has opened a new biotechnology research center at its Indianapolis headquarters.
Plum Organics to donate 500,000 smoothies formulated to meet needs of food-insecure kids
Plum Organics, a company founded on getting nutritious food to kids, has committed to manufacturing and distributing 500,000 pouches of food designed to meet the needs of food-insecure babies and toddlers.
Dean Foods to ‘accelerate’ cost-cutting efforts in 2013 to offset private label loss
US dairy giant Dean Foods plans to “accelerate” its existing cost reduction efforts in 2013 in an attempt to minimise the impact of an anticipated decline in private label milk volumes.
FIRMS SEE UNTAPPED POTENTIAL IN CLEAR, FUNCTIONAL BEVERAGES
Stepan Lipid Nutrition and Virun paint bold brushstrokes on clear beverage ‘canvas’
Virun and Stepan Lipid Nutrition have signed a letter of intent to exploit what both companies agree is untapped potential in the clear, functional beverage space.
Evolva outlines timetable for fermentation-derived vanillin, stevia and saffron
Swiss-based Evolva Holding SA has announced that the food industry can expect its fermentation-derived vanillin product to be available for commercial launch in 2014, with fermentation-derived stevia and saffron following...
News in brief
Cargill’s Q3 net earnings slump 42% as high feed costs dent margins in meat business
Cargill’s net earnings slumped 42% to $445m in the third quarter of fiscal 2013 (ended Feb 28) compared with Q3 2012, as high feed costs hit margins in its North American meat operation.
‘Green electrochemistry’ could pave way for more cost effective production of erythritol, says trailblazing DFI Corp
Biotech firm Dynamic Food Ingredients (DFI) Corporation is a step closer to commercialising technology it claims could slash production costs for the bulk sweetener erythritol, opening up new opportunities for...
DSM and Monsanto to commercialize soybean oil rich in omega-3 SDA. But will anti-GMO sentiment hinder its progress?
Monsanto has joined forces with DSM to commercialize a genetically engineered soybean oil rich in the omega-3 fatty acid SDA (stearidonic acid) that can offer a more cost-effective means of...
Food ingredients, not fuel, helps Penford post profit
Higher profits and margins in the human nutrition portion of the company helped Penford Corporation swing from a loss to a profit, according to the company’s recent second quarter earnings...
News in brief
Cargill invests $2.3m to expand ground beef production at Wyalusing, PA
Cargill is spending $2.3m on installing new production and packaging equipment at its beef processing plant at Wyalusing, PA in a move that will significantly boost ground beef production capacity and...
McCormick CEO: Everybody is expecting this year's growth to be driven much more by volume than pricing
While surging commodity prices have meant that much of the industry’s growth in the past year or two has come from pricing rather than volume, things are beginning to change,...
Intellectual property
Wilmar secures IP rights to grow China’s rice bran production
Wilmar and RiceBran Technologies have announced a series of licencing tie-ins to develop rice bran and its derivatives in China. The venture will seek to develop the human food ingredient...
Sodium reductions detailed at meeting of stakeholders called both significant and insufficient
A meeting yesterday in Washington DC, among three major stakeholders in the food industry and in food policy gave a snapshot of what progress has been made in the years-long...
What next for canola protein? BioExx to close Saskatoon plant but in ‘advanced’ talks over JV in Europe
BioExx Specialty Proteins plans to close its Saskatoon canola protein plant but says it is in advanced negotiations with potential joint venture partners about employing the technology used there at a brand...
‘There’s a huge protein gap, and we’re going to help fill it’: RiceBran Technologies blazes trail with new rice bran protein range
A firm that has made a name for itself by extracting value-added ingredients from rice bran - which always used to be regarded as a waste by-product of rice-milling -...
News in brief
Tate & Lyle expects ‘modest progress’ to year end
Global ingredients group Tate & Lyle expects to deliver modest progress in its full financial year results on 30th May this year, the firm has said.
BILLION DOLLAR BAKERY DIVESTMENT CONFIRMED
Eight months later: CSM sells bakery supplies for $1.05bn
CSM has agreed to sell its bakery supplies businesses to private equity firm Rhône Capital for $1.05bn, eight months after its announcement to reposition as a bio-based ingredients firm.
Extract boosts nutraceutical potential of baobab, supplier says
Baobab Foods, one of several US companies importing the African ingredient, is making a push into the nutraceutical space with a depectinized extract.
News in brief
Glanbia Nutritionals launches whole egg replacement ingredient from WPC and flax
Glanbia Nutritionals has launched a new ingredient to replace whole eggs in bakery applications as firms seek alternatives in the face of steep price increases in the egg market.
Hain Celestial: ‘Chia is red hot… Coconut's been on fire’
Hain Celestial has unveiled a raft of new products utilizing hot ingredients from chia and quinoa to coconut pulp and almonds, including organic gluten-free chia seed corn tortilla chips under...
IFF Opens New Flavors Facility in Guangzhou, China
International Flavors & Fragrances (IFF) has opened a new flavors facility in Guangzhou, China, as part of a $100m investment in Greater Asia as it looks to increase its presence in...
Big interview: Ingrid Hirstin Lazcano, CEO, Andean Dream
Ancient grains, Andean dreams and space food: How one quinoa cookie firm hit the big time
A technical paper produced by NASA in 1993 observes: "While no single food can supply all the essential life sustaining nutrients, quinoa comes as close as any other in the plant...
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