US chocolate maker, Hershey, said it is still open to international expansion and it claims acquisitions will be made easier by the fact that the global chocolate markets are still fragmented.
Corn Products International has seen its net income fall 85 percent in 2009 compared to 2008, hit by high corn prices early in the year and unfavorable currency conversion rates – despite a Q4 rebound.
Penford has seen a strong quarter for its protein and bakery ingredients, but coatings sales have dipped by four per cent and the divestment of its dextrose business means sales are below last year’s levels.
Higher corn costs, falling volumes and unfavourable currencies have taken their toll on Corn Products International’s Q3 compared with last year, but the company is cheered by its longer improvements.
Crown Holdings reported a fourth-quarter loss as restructuring charges and other expenses impacted on its results but analysts say it is well positioned for growth.
Tate & Lyle is expecting to report £11m less profit that
predicted for the year ended March 31, as a result of unfavourable
exchange rates against the US dollar, but is still expecting to
maintain levels seen in the first half.
Novozymes has reported 'highly satisfactory' results for the first
nine months of 2006, enabling the enzyme giant to adjust the
outlook for earnings upwards.
Speciality chemicals company Cognis reports that it increased its
returns from sales in 2002, despite flat sales, a difficult
economic environment and the US dollar exchange-rate.