French colloid firm CNI has been recognised by the government as
the best export agent of 2005, representing something of a coup for
the Iranex group-owned ingredients business.
DSM Food Specialties' sale of its Engevita inactive dry yeast
business is part of the group's strategy of focusing on added value
yeast extracts and other flavour ingredients.
Rhodia explains to FoodNavigator why the firm's vanillin price
increases, unveiled today, are absolutely necessary for the
business to progress - and why so much attention is being focused
on China.
The world's largest producer of ginger for confectionery, Buderim
Ginger, said on Friday that it expects to see higher profits this
year, thanks to the long-term improvements made through its
restructuring programme.
Sugar giant Sudzucker must work hard to guard against falling
revenue this year despite internal restructuring programmes and
expansion into other food sectors, warn analysts.
Although it has not seen the fine detail, elements of Pharmed
Medicare (PM)'s new sucralose process are unlikely to infringe upon
Tate & Lyle's patent suite, according to Goldman Sachs.
Drastic cost cutting and nutritional products has boosted House of
Brussels Chocolates chance of making a profit, according to its
latest financial results.
Danisco's consolidated profit plummeted 25 per cent as expected to
DKK 726 million for the nine months to 31 January, due largely to
costs associated with integrating enzyme business Genencor.
Sales at Archer Daniels Midland (ADM) increased during the
company's financial second quarter signaling a recovery from the
effects of the US hurricanes last year.
Troubled chocolate maker Barry Callebaut has increased sales
volumes during its financial first quarter, but the growth has
meant a tumble in profit margin.
Complex webs of assumptions are spinning a lie about the real value
of today's companies, lulling directors and shareholders alike into
a false sense of value creation.
If the EU keeps hiding its agriculture sector behind huge pay
cheques instead of devoting more time to food research funding, the
bloc's whimpering and wailing will only get worse.
Cloetta Fazer, Scandinavia's biggest confectionery company, has
revealed growth in the Nordic region despite decreased earnings due
to increasing price pressures.
UK sweetener supplier Tate & Lyle announces it will host a
series of presentations to American investors over the coming days,
news that sees the firm's shares jump.
Retailers think confectionery sales will start to suffer in
convenience stores as consumers look to bigger stores for better
value, intensifying competition in the market, says a new report.
UK-based confectionery firm Glisten has doubled its turnover from
2004, and has signaled its intention to expand further through
strategic acquisitions.
Agricultural exports are forecast at $63.5 billion for 2006, up
$1.5 billion from the revised 2005 estimate, says new report from
US department of agriculture.
Leading premium chocolate manufacturer Lindt & Sprüngli has
reported record first half results on the back of increased demand
for premium products in an otherwise slow-moving European chocolate
market.
British chocolate maker and retailer Thorntons has announced that
its chairman Christopher Burnett is considering making a buyout
offer to the company.
UK biscuit maker McVitie's is to cut 33 jobs at its Carlisle
factory, after damage caused by floods in January permanently
disabled four production lines, reducing the plant's total output
by 20 per cent.
Novis seeks a bright, driven food scientist for a reporter's post
in southern France. The main mission is to deepen coverage of
scientific breakthroughs in food techniques and nutritional
understanding on flagship websites, FoodNavigator.com...
Barry Callebaut, the world's largest supplier of bulk chocolate,
plans to cut costs in Europe as the Swiss firm posts a fall in
revenue for nine month figures.
Consolidation in the European fats business likely as Aarhus United
shareholders yesterday clear the way for the merger with number one
Scandinavian fats and oils firms Karlshamns, reports Lindsey
Partos.
Weak figures from the flavour division and a testing European and
North American market knock end of year results for Danish
ingredients and sugar player Danisco, but Rhodia acquisition starts
to pay off, reports Lindsey Partos.
Israeli flavours firm Frutarom continues blazing the acquisition
trail with news this week it will buy the flavouring extracts
business of US firm AM Todd Botanical Therapeutics, reports
Lindsey Partos.
Expectations of a fall in global coffee supplies of coffee will
keep up pressure on market prices, as fresh figures indicate world
coffee production will drop in 2005/06.
While the European Commission still seems far from producing a
proposal to amend rules on nutrition labelling, a new study
suggests costs of label changes for the food maker could hit €9000
a product, reports Lindsey Partos.
Consolidation in food ingredients continues with Nordic fats and
oil firms Aarhus United and Karlshamns set to merge, creating one
of the world's leading suppliers of cocoa butter alternatives,
reports Lindsey Partos.
Sales volumes improve for speciality fats but bulk vegetable oils
continue to feel the pressure in the first quarter for fats and
oils firm Aarhus United.
Scottish confectioner John Millar and Sons has gone into
receivership and blamed aggressive pricing from supermarkets for
contributing to its demise, Tom Armitage reports.
German confectioner Ragolds Süsswaren has said that it will cease
operations at the end of the year - only days after it sold its top
cough sweet brands to compatriot manufacturer Storck.
Publicly-floated US flavour supplier Technology Flavors &
Fragrances is set to go private, as industry rival FFG Industries
begins a tender offer to acquire all of the firms outstanding
shares of common stock.
German confectioner Storck is to acquire two brands of cough sweet,
according to an unconfirmed report in the Financial Times
Deutschland - something which will allow it to extend its lead
in the competitive sugar-based confectionery...
