One of Romania's leading chocolate producers, Excelent, has
reported a significant drop in its first quarterly profits. Reduced
turnover, increased competition and the fact that the company is
currently undergoing a merger have...
US colours and flavours group Sensient continues to feel the impact
of soft markets in North American food and beverage segments,
particularly synthetic colours, posting a further drop in income
for the first quarter of 2004. Pressure...
Number one flavours and fragrance firm Givaudan ambles along in the
first quarter with higher sales in flavours offsetting a drop in
the fragrance division, suggesting that strategies to boost profit
announced back in January this...
Global chocolate supplier Barry Callebaut said that recent
acquisitions had boosted its six month figures, with net profit
showing double-digit growth. But low cocoa prices affected
activities at the processing arm of the company.
Days after EU ministers at the Agriculture Council huddled together
to chew over impending changes to the sugar regime, leading
sweeteners group Tate & Lyle tells the market that no surprises
are in store for 2005.
Exports of sugar confectionery from Switzerland rose by more than
10 per cent last year, offsetting a mediocre performance on the
home market. But with imports taking a lesser share of sales this
year, the industry hopes that focusing...
The largest sugar producer in Europe Südzucker has divested all
shares in the Spanish food group Ebro Puleva through the group's
subsidiary Saint Louis Sucre, providing it with breathing space to
concentrate on speciality ingredients.
The Romanian chocolate sector looks set to become increasingly
competitive as the third largest player, Kandia, prepares to
finalise a merger with Excelent - a move that will create the
leading producer on the market.
Food and drink merger activity has been high this week, with
Richmond foods, Smithfield Foods and Campofrio all muscling in on
the act. But in the confectionery sector, Thorntons has pulled
itself out of the takeover market.
Despite higher raw material prices Corn Products International, a
US maker of corn syrups sweeteners, saw profits and sales rise for
the year, citing sales in North America and a better price-product
mix as key factors responsible...
Last year was not one of the best for sales of chocolate, with
political instability in the Middle East, a weak global economy,
lower tourist numbers in the Far East as a result of SARS and the
hottest European summer in decades all...