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.
A study of North American food and beverage processors found Canadian players have closed the margin gap compared to their US rivals and there has been significant consolidation within the sectors.
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.
Growth in global demand for enzymes used in food and beverage applications will slow over the next five years as key markets reach maturity, a new report has claimed.
AB Enzymes has announced that it is moving its North American headquarters to Columbus, Ohio in a move intended to improve customer service by strengthening the sales team and bringing it together with support staff.
Bunge has begun construction on a new grain export terminal it claims will be the first such structure to be built in North America for twenty years as part of attempts to meet strong Asian demand for its products.
Dow AgroSciences and World Wide Wheat (W3) have teamed up to develop new wheat traits for “advancements in productivity and quality” of crops, without using genetic modification (GM).
Food and beverage companies should look to Asia to bolster their business in times of economic crisis, while differentiating their products closer to home, according to a Frost and Sullivan analyst.
Symrise Flavors has announced the opening of a new citrus center to showcase its products at its North American flavor headquarters in Teterboro, New Jersey.
Symrise has finalized its acquisition of Chr Hansen's flavorings
business in a move that will bring the company broader market
coverage in the US as well as a more diverse ingredients portfolio.
Accucaps Industries, an encapsulation firm, has converted its
Strathroy, Ontario facility to focus on health and nutritional
(H&N) products, a move the firm says will double its total
production capacity.
Denmark's Chr. Hansen is to sell of its US-based flavor activities
to Germany's Symrise group in order to focus more on its higher
added-value operations.
Tate & Lyle Ventures and Scottish Enterprise hope to prosper
from the emerging market for dissolvable and edible films as a
delivery mechanism for active ingredients, with the acquisition of
BioFilm Limited.
Agrana Fruit has opened an innovation and product development
center in the United States in a bid to keep up with frequent
changes in North American consumer preferences.
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.
Swiss based Barry Callebaut will start delivering chocolate to
Hershey in North America within the next few months, following the
completion of the partnership this week.
Zurich-based chocolate manufacturer Barry Callebaut said today
that like-for-like sales increased 6.1 per cent in
the nine months to 31 May, despite the unstable cocoa
market.
Chocolate ingredient manufacturer Barry Callebaut has announced the
opening of its new North American head office in Chicago, which it
claims is a step towards becoming the top player in the sector.
SunOpta has further expanded its fruit supply chain, announcing
today that it has completed the acquisition of another South
American fruit processor, together with its North American
distributor.
Ingredient firm Senomyx and Japanese food and pharma group
Ajinomoto have expanded their flavor collaboration to encompass
additional territories of the United States and Canada.
US agricultural giant ADM has sold its North American bakery
ingredients division in a move designed to streamline its
operations and focus on its core areas of expertise, the company
told FoodNavigator-USA.com.
Food products with lower levels of 'bad' ingredients, such as fat
and sugar, have seen a sharp rise in popularity over the past year,
heading up new food and beverage product launches in 2006,
according to Mintel.
Soaring global organic food and drink sales are driving demand, but
undersupply of organic ingredients is undermining the long-term
stability of the sector, says a new report from Organic Monitor.
Banana supplier Chiquita has reported a tough third quarter, with
profits hard hit by new EU import regulations, irregular weather
conditions and concerns about the safety of fresh spinach.
Corn Products International has again reported strong growth, with
its third quarter results reflecting a continued good performance
from its North American business.
Horizon Milling, a subsidiary of US agri giant Cargill, has
strengthened its position in the Canadian bakery ingredients market
through the recent completion of an agreement to purchase the
grain-based foodservice and industrial businesses...
Natural food group SunOpta is to quadruple its sales of the açai
berry in North America, revealing that the Brazilian berry is the
most popular fruit ingredient with its customers.
Corn Products International has reported good second quarter
results, with a strong performance from the company's North
American operations offsetting a decline in its South American
business.
Irish firm Kerry this week further confirmed its growth plans in
the US ingredients market with the acquisition of two North
American businesses- Custom Industries and Nuvex Ingredients.
Profits tumbled by two thirds last year for the world's largest
supplier of private label soft drinks, Cott Corporation, as the
group struggled to cope with rising input costs and a consumer
shift to non-carbonated drinks.
The world's biggest oilseed processor Bunge this week announced
that it is to expand the oilseed crusher and oil refinery capacity
at one of its plants in Canada.
Allied Starch & Chemical (ASC) has acquired Californian-based
firm Ingredients Unlimited as part of its plan to capitalize on the
lucrative North American tortilla market.
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.
Kellogg reported a solid 7 percent increase in its earnings for the
third quarter with the North America region also putting up a
strong performance thanks to the successful introdution of new
product lines.
Mitsubishi has strengthened its foothold in the North American food
market with its purchase of the ingestibles business of Dublin,
Ohio based Ashland Distribution.
A new report suggests that competition in the European organic meat
industry is increasing, as the market begins to suffer from
overcapacity. This follows another report that linked the
popularity of organic meat in North America...
