UK drinks and confectionery group Cadbury Schweppes this week
announced a strong financial performance for 2001.Sales rose 21 per
cent to reach £5,519m (€9.02m), up from £4,575 m in 2000 and
underlying profit (before tax) was up 18...
Food firms outperformed the Thai stock market in 2001 as their
cheap, essential products rode out the global economic slowdown and
analysts said good dividends and growth in key markets made them
attractive again this year, according...
Shortages of organic milk in southern Europe are hindering growth
in the organic dairy products market, report market analysts
Organic Monitor this week.
Shares in Japan's scandal-racked Snow Brand Milk Products Co soared
in Tuesday trade after a weekend report that the company might form
an alliance with three domestic dairy operators.
The Australian Commerce Commission has received an application from
one of Australia's largest food companies, National Foods, to
acquire up to 100 per cent of the issued shares of New Zealand
Dairy Foods (NZDF).
Ingredients company Danisco reports this week that the result of
its 2001 beet campaign is satisfactory. Total sugar output reached
1,246,000 tonnes, close to the record-high production of 1,345,000
tonnes achieved in 2000, which...
Soft-drink and snack-food giant PepsiCo Inc. on Wednesday reported
a 16 per cent rise in fourth-quarter profits, but shares fell on
concerns that archrival Coca-Cola Co. is muscling in on the
company's popular Gatorade sports...
Swiss pharmaceutical company Novartis, Europe's third-biggest
healthcare group, said on Thursday that net profit for 2001 had
risen by eight per cent to 7.0 billion Swiss francs (€4.7 bn) as
flagship drug sales rose 15 per cent...
A seminar dedicated to the implications of QUID Legislation on food
enforcement policy, analytical testing regimes and the
responsibilities of food manufacturers and retailers will take
place in London this month.
In a move that aims to ensure price consistency from shelf to
checkout, Netherlands-based Hoogvliet Supermarkets announced this
week that it is deploying electronic shelf labels (ESLs) from NCR
Corporation throughout its 34-store...
Indian makers of fast moving consumer goods (FMCG) posted mixed
results for the past quarter, but all face a similarly daunting
future: nearly stagnant demand for many products, with any rise in
profit coming primarily from cost cutting,...
The constant demand for food which is fresher, more convenient,
more flavoursome and more nutritious will mean an increase in the
use of technology in food preparation in the future, according to
the January issue of Food Technology,...
A new report by Leatherhead Food Research Association in Britain
says that innovation in product development is crucial for today's
global food and drink markets.
Food manufacturer and supplier Singapore Food Industries (SFI)
announced a full-year profit of $14.82million (EUR17.2million) last
year, a 19 per cent increase from 2000, reported the Straits Times
in Singapore.
Consolidation in the dairy products market has become necessary in
order to increase market share and optimise presence in a highly
competitive and uncertain market environment, Euromonitor
International reports.
The Food Safety Authority of Ireland (FSAI) this week published the
first national report, aimed at the food industry, on the exposure
of Irish consumers to food additives in their diet.
The Nestle USA - Beverage Division and Ocean Spray Cranberries,
Inc. announced this week that they have formed a long-term
agreement which, they hope, will enable both companies to increase
manufacturing and supply chain efficiency...
Demand for food containers in the US is forecast to grow more than
three per cent annually to $12.6 billion (€14.5bn) in 2005, reports
US market research company Freedonia Group.
McDonald's Corp. said on Thursday that its fourth-quarter net
income had fallen 40 per cent, its fifth straight quarterly
decline, as the fast-food giant took charges for U.S. restructuring
and faced declining sales in Latin...
Italy has tightened regulation of its fresh fruit and vegetables
sector to prevent a repeat of the soaring prices seen after drought
and ice destroyed crops, a senior government official said this
week.
Migros, Switzerland's largest supermarket chain, has become the
first European retailer to commit itself to buying palm oil
exclusively from ecologically sound sources.
The EU Confederation of the Food and Drink Industries (CIAA)
recently reminded the new EU Spanish Presidency of the important
issues that it must tackle during the six month presidency.
The chairman of Anglo-Dutch food company Unilever has called on the
new European Food Safety Authority (EFSA) to take the lead in the
matter of food safety and to simplify the licensing of novel foods,
in order to encourage innovation.
Agribusiness giant Archer Daniels Midland Co. said on Wednesday
earnings in its fiscal second quarter rose 20 per cent as improved
oilseed crushing margins amid tightening industry capacity helped
lift results.
Snow Brand Food Co Ltd said on Wednesday it falsely claimed 13.8
tonnes of Australian beef was Japanese when it made a 280-tonne
sale to a government-subsidised industry group.
US food company Quaker Oats Company and Biosafe Medical
Technologies, Inc. this week announced a new partnership to help
consumers reduce their cholesterol.
Australian food giant Goodman Fielder plans to sell its
Invercargill food ingredients export business to an
Australian-owned company, writes the New Zealand Herald this week.
Ingredients company DSM has signed an agreement with enzyme
producer Novozymes, thereby settling a number of lawsuits filed in
several countries, relating to the infringement and validity of
phytase patents owned by DSM.
Antitrust enforcers at the U.S. Federal Trade Commission will go to
court to block the acquisition of Leiner Davis Gelatin Corp. and
Goodman Fielder USA Inc. by Germany's Deutsche Gelatine-Fabriken
Stoess AG, the agency said...
Industry reports of leading Ivory Coast cocoa exporter Archer
Daniels Midland (ADM) cutting capacity at its processing plant
there were taken stride Wednesday as analysts said it was just the
result of an industry trend that made...
Japan's largest maker of ketchup, Kagome Co Ltd, said on Thursday
it was postponing the acquisition of a controlling stake in the
Japanese unit of U.S. food firm H.J. Heinz Co.
Food ingredients company DSM announced this week that as of January
1 2002 John McLaren is the Vice President of Corporate
Communications at DSM. McLaren is now responsible for the total
communications policy of DSM.
US polymer producer FMC BioPolymer announced this week that it has
acquired Norway-based Pronova Biomedical AS, a supplier of
ultra-pure alginates and chitosans to the pharmaceutical and
medical materials markets, from a subsidiary...
Thailand's Charoen Pokphand Foods said on Wednesday it would invest
a total of 265 million baht (€6.86 m) to create three new
subsidiaries in China and Belgium in the first quarter of 2002.
US food and beverage company Kraft Foods Inc. announced this week
that it has acquired Australian biscuit producer, Lanes Food Group.
Several Nabisco brands have been licensed to Lanes in Australia
since 1991.
The French market for organic dairy products is to show accelerated
growth in the coming years as dairies raise production levels,
according to a new report from market research group Organic
Monitor.
The United States market for functional foods and beverages is
currently worth more than $11 billion (€12.33bn) but trying to
establish the size of markets for health-enhancing foods can be a
gamble, claims a new report from UK research...
French industrial output remained flat in November after hefty
drops in the preceding two months, while manufacturing output
continued to slide, but by a gentler 0.3 per cent, French
statistics office INSEE said on Tuesday.
U.S. farm income will drop by almost 20 per cent this year compared
with 2001 due to large reductions in government assistance and
higher production costs, the Agriculture Department forecast last
week.
