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...
Public concern over BSE outbreaks is set to boost sales of organic
meat products in North America, according to a new report. But
North Americans have not historically been as influenced by food
scares as their European counterparts.
US company Balchem Encapsulates has linked up with century-old
flavours firm David Michael to carve out a stronger position in the
North American microencapsulation flavours market.
Stronger sales in North America and developments in the dairy
industry helped beat the impact of dollar-euro currency conversions
in the first three months of the year. Weak growth in Europe, South
America and Asia saw overall earnings...
A sluggish market hit by falling exchange rates, unrest in the
Middle East and SARS in Asia all contributed to a drab organic
revenue of 2 per cent for the year, Danish ingredients company Chr.
Hansen reported this week. But the tide...
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.
Cargill and Riceland Foods have announced their intention to link
up to manufacture, market and sell lecithin products to food,
pharmaceutical, and technical customers.
Chr Hansen, the Danish biotechnology company producing food
ingredients, released its financial results for the period from
September 1, 2000 to May...
A fall in demand for domestic soybean meal, the first time in more
than ten years, saw the North American operating arm of agri-giant
Bunge announcing this week that it will idle production at Bunge's
Marion, Ohio, soybean processing...
Dutch ingredients company CSM completes the acquisition of Carpro,
increasing its market penetration in North America. The acquisition
of Carpro - a US manufacturer of bakery supplies in the United
States - brings the H.C. Brill and...
Chr. Hansen - Food Ingredients saw net sales rising by five per
cent in Europe, South America and Asia/Pacific for the first
quarter ending 30 November 30, 2002 but plunging by six per cent in
North America. The overall impact - the...
