China, India and the US must make firm commitments to sourcing sustainable palm oil if any meaningful progress is to be made on tackling deforestation, according to one UK government minister.
Press reports suggesting that breaking up the Food Standards Agency (FSA) would constitute a ‘victory’ for the food industry are misleading and “very annoying”, according to the boss of the Institute of Food Science & Technology (IFST).
Ian Butler has been appointed innovations director at Synergy, tasked with expanding innovation activities, overseeing the creation of a new analytical research function and hiring new staff.
CP Kelco has announced that it is injecting $8m investment into its pectin plant in Skensved, Denmark to meet growing demand for its amidated pectin for use in low-sugar and sugar-free products.
Higher sugar prices and volumes have helped boost third quarter revenues at Associated British Foods, signalling continued strong performance into the second half of the year.
The globe’s biggest food company Nestle is to invest €112.33m (CHF 150m) in the Equatorial African Region (EAR) over the next three years to grow its revenue from emerging markets.
Brenntag is to acquire Asian chemicals distributor EAC Industrial Ingredients for €160m cash in a move that will significantly expand its presence in the Asia food, cosmetics and pharmaceutical sectors.
Recently floated Chr Hansen has reported 11 percent growth in revenue for the first three quarters of 2009/10, with increased across all three of its business divisions.
The proceeds from Tate & Lyle's sale of its EU sugar business should give bosses the firepower to develop an added-value food ingredients business of at least £500m, according to City analysts.
‘Billion dollar deal’ was not a phrase bandied about the food ingredients industry much last year. With BASF buying Cognis for €3.1bn and Corn Products International paying $1.3bn for National Starch, M&A looks to be thawing – but best not get over-excited...
French bakery ingredients firm Eurogerm is chasing the high potential Asian market, and has entered an agreement with Japanese flour miller Nisshin Seifun to target it effectively – including a 15 per cent share sale.
Frost & Sullivan's 2010 European Food Enzymes Technology Innovation Award has gone to Netherlands-based ProteoNic for its contribution to cost and energy reductions in food enzyme manufacturing.
BASF’s €3.1bn buy-out of Cognis is driven by interest in all of the German company’s three divisions – personal care, household chemical and human nutrition – but although human nutrition is the smallest part of the acquired operation, it was vital to...
Danisco is forming a new logistics unit to underlie its three food ingredients divisions covering emulsions, cultures and sweeteners, in a bid to bring greater efficiency in its dealings with customers.
Danisco achieved 6 per cent in revenue for its full year 2009/10 and strong profit growth; all divisions with the exception of sweeteners contributed to its margin expansion.
The planned acquisition of National Starch will launch Corn Products into Europe, and give it more leverage when dealing with five or six major food manufacturers that aim to cater to global tastes.
National Starch is to be sold to US-based Corn Products International for US$1.3bn, current owner Akzo Nobel has confirmed. The news ends over two years of speculation over the business’ future and propels CPI into the European market.
Kellogg’s management has revealed its future acquisition strategy is to pursue international snack firms and increase its presence in Russia, Turkey and China and surrounding regions.
IOI-Loders Croklaan claims to be ushering in a new era of healthier oils and fats with the opening of its new plant, which uses enzymatic technology to interesterify oils and hone their properties in food products.
The Buhler Technology Group has acquired a Chinese specialist in flour improvement products to extend the range of services it offers clients in the country.
Dairy Crest has sold the bulk of its stake in Irish milk, cheese and cream maker Wexford Creamery to help pay off debts and reduce its exposure to “volatile commodity markets”.
Symrise is planning a major increase in its capacity of synthetic menthol as demand from confectionery and oral care sectors is surging, especially in emerging markets.
National Starch has developed a new native starch for use in products where processing rigours are low to moderate, and with a clean taste profile that makes it suitable for neutral sauces and soups.
A leading UK bakery, sugar and ingredients company is set to open a new factory this month to develop a larger range of artisan bakery goods which were identified as the source of strong first half performances in 2010.
The acquisition of National Starch appears to be off the agenda at Tate & Lyle, with the firm now "set to fall into enemy hands", according to analysts at Investec Securities.
Volac is rebranding its heat stable whey protein as ‘Volactive Hydrapro’, aimed at sports nutrition, to emphasise the benefits of hydration combined with protein.
Chr Hansen is making its initial public offering on the NASDAQ OMX Copenhagen today; with shares priced at DKK90, net proceeds of DKK3152m are anticipated.
BASF is constructing what it calls the world’s largest plant for the mint aroma L-Menthol, which it will start to supply as a flavouring agent to the global food, cosmetics and pharmaceutical markets.
Speculation about typical asset valuing ion the chemicals industry by Cognis’s chief financial officer, Marco Panichi, has led to a figure of €3.4bn being attached to the German ingredient company, as buy-out speculation mounts.
German chemicals and nutrients giant Cognis has turned in its best ever Q1 operating profit as sales across its three core divisions exceeded 2008 pre-financial crisis volumes in 2008 for the first time - fueling ongoing buy-out speculation.
Tate and Lyle now has new capacity for glucose syrup up and running at its facility in Slovakia, to cater to European demand and, in particular, underserved manufacturers in Central and Eastern Europe.
BASF continues to be the subject of rumours that its supervisory board has approved a takeover bid for fellow German supplier, Cognis, which is owned by Permira PERM.UL and Goldman Sachs Capital Partners.
As 20 per cent of SME loan applications are turned down, European Commission is mulling new ways for SMEs to access the funding they need – news that will be welcomed by smaller players in the food and beverage industry.
The Federation of European Specialty Food Ingredients Industries (ELC) elected a new board at its extraordinary general assembly yesterday, with Beneo’s Markwart Kunz voted president.
Vitiva has launched a new ingredient to improve moisture retention in chicken meat, developed in partnership with its new Dutch meat processing associate, FutureMeat.
French plant-derived ingredient supplier Naturex has reported revenues and profits in line with its 2009 targets, and is working on the full integration of recently acquired Natraceutical assets.
Senomyx revenues increased 120 percent in the first quarter of 2010 compared to the same period last year, as three of its major collaborators simultaneously launched products using Senomyx ingredients.
Last year was a bumper year for the biotech sector overall, according to a new report, as R&D budgets were slashed but majors’ sales soared. Innovative smaller firms may be feeling the pinch more, however.
New Britain Palm Oil (NBPOL) has completed a major acquisition that increases its plantation area by more than 50 per cent, at a time when a shift is underway towards use of oil produced without causing deforestation.
Signs of recovery in the bakery ingredients market are not yet evident, according to Dutch supplier CSM as first quarter results released this week show a decline in volumes by 1.2 per cent on Q1 2009.
Leiber is ramping up its yeast extract capacity by bringing its spray-drying activities in-house, as demand for brewery by-products is gradually increasing and third party spray-drying capacity is sought after.
DSM looks to have kicked off 2010 in good form, with a 24 per cent increase in net sales overall and a stable and robust performance from its nutrition division.
Bread ingredients supplier, Sonneveld, claims its takeover by Orkla Food Ingredients (OFI) will not result in a narrowing of the bakery ingredients supplier base due to OFI’s decentralized business model.