US food giant ConAgra has cut costs and increased prices, helping it to a better than expected rise in its third quarter earnings, the company reported on Thursday.
Maple Leaf Foods said a media report stating it had ‘discussed food safety in relation to listeria’ with the Canadian Food Inspection Agency (CFIA) before last summer's outbreak and product recall is misleading and irresponsible in the context of...
Californian drinks firm Sports Pouch Beverage Company has confirmed the purchase of its third filling machine for the packs, which is expected to boost production capacity by an extra 20m products over the next year.
The Imperial Sugar Company says it has entered discussions with joint venture group the Louisiana Sugar Refinery (LSR) over joining forces to construct and operate a new refinery in the US.
Vivartia, Greece's largest food production company, yesterday
announced it is breaking into the US bakery market with its
acquisition of biscuit and cookie firm Nonni.
Cereal manufacturer Kellogg today revealed plans to invest $40m in
expanding its institute for food and nutrition research, claiming
that sales from innovation have doubled since it first opened in
1997.
PepsiCo today announced it will split its
operations into three separate units in a move to better
harness the growth of its snack and beverage businesses.
Chiquita, a major supplier of bananas to the food industry, today
outlined a restructuring plan that includes consolidating
operations and slashing jobs in order to improve efficiency and
innovation.
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.
Chr Hansen has announced the sale of its excipients and coating
division in the US, in a move designed to further focus its
business on its core food ingredients activities.
Chr Hansen has sold its paprika business activities and production
facilities in Spain and India to allow it to focus on value-added
activities, the company announced on Thursday.
Archer Daniels Midland (ADM) has reported a modest third quarter
increase in income, with a strong performance from its corn
processing segment boosting flagging profits in other divisions.
Banana supplier Chiquita has reported a widened loss in its fourth
quarter and full year, but the firm said it expects a number of
strategic initiatives it has put in place will help it gain
momentum in 2007.
Leading agricultural firm Archer Daniels Midland (ADM) today
announced a leadership reshuffle, a move that comes as the company
positions itself for "continued growth" .
International Flavors and Fragrances (IFF) is to separate its
business into two different units in a bid to better reflect its
flavor and fragrance operations, the company announced yesterday.
President of the Institute of Food Technologists (IFT) Margaret
Lawson has become vice president for science and innovation at
global food colour manufacturer DD Williamson.
Cargill will no longer have a presence in the hazelnut processing
industry once the agreed sale of its Turkish hazelnut processing
business goes through.
McCormick has announced that it is to acquire the remaining 49
percent of Dessert Products International (DPI) as the company
continues its efforts to simplify its business and focus on areas
with strong growth potential.
Leading spice company McCormick is to slice away at its customers,
products and employees as it embarks on a three year restructuring
plan to improve sales and profit margins.
New appointments this week in the ingredients industry include a
new director of marketing at Galaxy and a number of new department
of agriculture positions.
Danish R&D company BSP Pharma will launch its shea butter
ingredient for use in joint health supplements in the US next week,
as the company seeks its first marketing partner for the
scientifically backed ingredient.
Competition in the biogum sector is set to hot up with the news
today that US company CP Kelco is looking to boost production
capabilities to reinforce its position in the biogums marketplace.
Nutritional ingredients business Cognis continues to concentrate on
core activities with the announcement this week that it has sold
its Fragrances & Specialties business (Cognis F&S) to
Japanese speciality chemicals business...
