Agribusiness giant Bunge has announced it will invest approximately $550 million to build a new soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility to meet rising customer demand for plant-based ingredients.
Armed with a CAD$30m (USD$22.7m) capital investment from international ingredients supplier Bunge, Merit Functional Foods says multiple finished products will come to market in Q1 2021 using its novel canola and pea proteins.
Bunge Loders Croklaan will unveil Vream, a new line of specialty shortenings to enhance the appearance, mouthfeel, and functionality of icings, donuts, and tortillas at the IFT annual meeting and expo next week.
San Francisco-based microalgae pioneer Solazyme has expand its joint venture with oils expert Bunge to develop a “range of breakthrough oils for food and products for animal nutrition”.
Milled grains and edible oils specialist Bunge is now walking the talk when it comes to collaboration with the launch of a new state-of-the-art culinary center at its Ingredient Innovation Center in Bradley, Illinois, says its North American boss.
A federal judge has ruled that agricultural processing giant Bunge will not have to process Syngenta’s biotech corn, rejecting Syngenta’s request that Bunge should be obliged to accept the corn until a lawsuit is resolved.
Bunge North America has announced that it will close its soybean processing facility in Danville, Illinois on April 23 due to lack of demand for soybean oil and meal and lower soybean supply.
Bunge North America has purchased corn dry mill assets and the Ceratex line of specialty products from JR Short Milling Company, to increase its customer base and boost its capacity in the US.
Bunge announced today that its board of directors has voted to terminate the merger agreement with Corn Products International (CPI), following a decision by CPI’s board to withdraw its support.
CPI’s withdrawal of support for the planned merger with Bunge is a knee-jerk reaction to the current economic crisis, according to a Frost & Sullivan analyst.
Corn Products International and Bunge have demonstrated their potential as a combined force ahead of their merger as both report strong financial results for the second quarter of this year.
Bunge posted a 71 percent increase in full year earnings amounting
to $44bn on the back of strong global demand for its edible oils
and commodity products, a pattern it expects to continue into 2008.
Bunge, a supplier of agricultural and edible oil products to the
food industry, today reported that earnings more than doubled in
its third quarter on the back of strong market conditions.
Agro firm Bunge is to expand its soy presence in China, announcing
today the establishment of a joint venture to construct a new
soybean processing plant in the country.
Bunge appears set to consolidate its position in the edible oils
market in order to meet growing demand amongst Eastern European
consumers and processors.
Ingredients firm Bunge has continued to see an improved performance
in its last quarter, prompting the company to forecast a year of
"improved earnings" next year.
Oilseed processor Bunge has appointed new leaders to a number of
its business units as part of a general reorganization strategy
designed to support the company's growth plans.
The world's biggest oilseed processor Bunge has announced a
revision of its net income guidance for full year 2006, after Q2
was more challenging than expected.
Around a quarter of Bunge's soybean processing plants in Brazil
have been affected by farmers' protests in recent weeks, but the
situation looks to be returning to normal, said the company.
The world's biggest oilseed processor Bunge has announced a fall in
sales this year, as the company emerges from a "difficult
year," which saw profits hit by a "weak operating
environment" in Brazil.
Bunge, the biggest processor of oilseed in the world, was extremely
upbeat about its results yesterday, despite volatility in the
fourth quarter keeping profit back to five percent, writes
Philippa Nuttall.
Improved margins and risk management tools help the world's biggest
oilseed processor Bunge more than double its profit for the third
quarter, despite a knock back from soybean trade in China.
Bunge, the world's leading oilseed processor, has extended its
presence in Eastern Europe with the completion of its new Derince
port facility in Turkey.
Smart risk management moves guided the world's leading oilseed
processor Bunge to a massive 75 per cent rise in income for the
first quarter as the price of soybeans reached 15 year highs on
poor crop harvests last year.
Hot on the heels of weak third quarter results, US agri-giant Bunge
said on Tuesday that it has signed a definitive agreement to sell
its bakery business to US company Dawn Food Products for $76
million in a bid to focus on the core...
The rolling out of third quarter results today continues with a
slip in earnings for US agri-giant Bunge on the back of weaker
profits sorely felt in the agribusiness division.
Following hot on the heels of last week's announcement that net
income for the first quarter is set to exceed projections,
privately owned US agribusiness Bunge said yesterday that it now
owns 100 per cent of French oil processor...
