A new labelling directive for loose produce in Germany, planned by
the Federal Ministry of Consumer Protection, Food and Agriculture,
has created a considerable turbulence in the German food industry
where the plan is regarded as...
Reporting on the latest happenings from the Baltic State's meat
sector, we discover that Estonian processors are facing increased
costs due to EU carcass disposal regulations, the region's largest
meat processor has reported...
Leading Russian sauces manufacturer Baltimor is stepping
ahead with a programme to streamline its production facilities
following the announcement of a new vegetable oil processing
factory and the forthcoming completion of new facilities...
Increased harvests for key food commodities could suggest a
near-term easing up of price pressures for ingredients companies
and food manufacturers but an overall draw-down in global stocks
means prices are still extremely vulnerable,...
Ambitious Israeli flavours firm Frutarom has bought the European
natural fruit preparations business from the world's number two
flavours player just months after completing on the Swiss botanical
extracts firm Emil Flachsmann.
The market for fats and spreads in eastern Europe is rapidly
diversifying, whilst rapidly expanding. Furthermore the latest
product launches from the Mintel databases in this segment indicate
that functionality is becoming increasingly...
J Sainsbury, Britain's third largest supermarket group, has made
its biggest move yet into the convenience store sector, announcing
yesterday that it had bought the Jacksons Stores chain.
Cargill has
confirmed that it has started the construction of two additional
plants at its Efremov facility in the Tula oblast, 200km south of
Moscow, adding to the company's growing presence in the region's
ingredients...
Faced with capacity problems due to growing business over recent
years Danish emulsifier supplier Palsgaard has poured €10 million
into expanding its emulsifier facilities in Denmark.
A rise in product costs clipped half year figures for international
colours and flavours group Sensient Technologies as the firm
reports a 15.8 per cent drop in profit for the first six months.
The Macallan, the third largest single malt Scotch whisky brand in
the US, has introduced The Macallan Fine Oak as part of a concerted
strategy to consolidate its position in the North American market.
The Olympic Games will open this Friday to a blitz of beverage
promotion and marketing, as corporations via with each other to
unveil their latest high-performance products.
The Baltic States have received a boost to the export of animal
products to Russia after federal auditors acknowledged that around
150 companies had been given approval to export their products.
Heineken has
today confirmed that it has acquired 100 per cent of the Russian
group Central European Brewing Company (CEBCO), giving it a
controlling stakes in two of Russia's leading brewery facilities.
Swiss pectin and powder producer Obipektin will ramp up production
of fruit and vegetable powders at the firm's Bischofszell site
following a hefty investment into a new installation.
Despite a squeeze on ingredients prices and global volatility in
key commodities, adept risk management tools help agri-giant
Cargill deliver a strong performance for the year, with sales in
the last quarter rising by a considerable...
Leading Polish confectionery company Mieszko says it is
currently in negotiations to acquire a company within the
confectionery sector in the course of this year. The company added
that at the present moment it is negotiating with...
UK supermarket chain Morrisons is set to sell five of its stores to
rival Asda for £40 million, but is reported to be looking into
closing down other stores that it acquired as a result of its
takeover of larger rival Safeway earlier...
Retail sales in the UK during July increased by 1.8 per cent on a
like-for-like basis, and showed growth of 4.3 per cent on a total
basis, compared with a year earlier according to a new report from
analyst KPMG and the British Retail...
Building on a stronger start to the year, Germany's third largest
chemicals group reports continued growth into the second quarter
with an increase in demand pushing up sales and earnings for the
period but the firm warned that...
Firm changes to the heavily criticised European sugar regime are
unlikely to have a significant effect on the world sugar market,
and that prices are likely to remain low, a US sugar industry
analyst tells an international sweetener...
Disgraced Italian food giant Parmalat is suing Deutsche Bank for
€17 million, which it claims it was ordered to repay two weeks
before it plunged into bankruptcy.
The growing popularity of the low-carb diet among US and UK
consumers is squeezing supplies for speciality ingredients used by
food makers to target this new market and driving ingredients firms
to roll out alternatives. Looking to...
Slight growth for Danish enzymes giant Novozymes in the first half
of the year with Europe providing steady returns but US market
knocked by the popular low carbohydrate diet that has hit the
baking industry.
Belgian international food retailer Delhaize Group is set to
continue its policy of divesting loss-making ventures following
favourable second quarter results published today.
Hurt by rising operating costs and a shift in consumer taste
against traditional white flour based products, Canadian food giant
George Weston has embarked on a search for better margins in
premium bakery products.
Baltic Beverages
Holdings (BBH) has revealed falling market share in the Russian
market and sliding profits after announcing its first half results.
The performance underlines increasing competition and higher sales
and distribution...
Portuguese group Jerónimo Martins has announced a 78 per cent
increase in its half yearly profits, boosted by a significant
increase in its Polish retail operations, helping the division to
increase its lead in that market.
As central Europe sits out a cool summer, beverage manufacturers
across the region are reporting sales well down on last year - a
bumper year in which temperatures hit record highs.
British retailer the Co-op has long prided itself on its ethical
principles, holding firm to the co-operative principles of acting
for its members and customers rather than shareholders. These
principles have seen it lead the way...
Warnings over food products entering the EU zone containing the
potentially carcinogenic food colour Sudan 1 continue with the UK's
watchdog recalling fresh batches of bean products.
For 47 years, the UK's most consistently popular chocolate bar has
been advertised with the slogan 'Have a break, have a Kit Kat', a
phrase which has entered the British lexicon and become synonymous
with the two- or...
Central European Distribution Corporation, a leading distributor of
alcoholic beverages in Poland, is predicting another strong
financial performance by unveiling an increase in its preliminary
second quarter profits. The figures...
The European Bank for Reconstruction and Development is to increase
its capital charter investement in Danone Industria in a move that
is expected to help finance expansion plans, allowing the company
to more than double its annual...
Duckworth Flavours says that following its acquisition by Cargill
at the start of the year it will now be focusing on supplying
ingredients to the eastern European markets in a bid to increase
its position in the European ingredients...
Malt- and chocolate-based drinks are often seen as relatively
unsophisticated in developed markets in the west, but in many
countries, in particular in Latin America, they are big business
indeed, marketed mostly as an excellent source...
Two years after the UK government launched an organic action plan
for the entire food supply chain, the country has seen a 46 per
cent rise in organic produce provided by UK farms.
France's lawmakers have banned soft drink and chocolate bar vending
machines in schools from the beginning of the 2005/06 school year,
a measure designed to nip the growing childhood obesity problem in
the bud.
A new TV advert for UK snack brand Nik Naks highlights the
continued development of the product's 'personality' by owner
Golden Wonder, an approach which continues to win over new
consumers to the quirky snack even...
Breakthrough talks at the weekend on world trade will have received
a reticent welcome from a European food industry likely to see the
phasing out of payouts to export food products.
US ingredients giant ADM saw double-digit sales growth for the year
but overall profits were dragged down by a recent payout of
millions of dollars to leading food and beverage manufacturers to
settle a lawsuit linked to the popular...
The annual mass exodus of city-dwelling French citizens to the
coastal resorts has already begun, and as usual it was preceded by
the grunts and groans of French people trying to squeeze into last
year's swimming costume. It...
Soft drink and snack maker PepsiCo might not spring immediately to
mind when thinking about healthy food products, but the US company
clearly believes it has a role to play in this fast-growing market
- and has added a new logo to...
Pace for flavoured alcoholic drinks slowing down in Europe's
largest market - the UK - after the explosive growth witnessed in
2001, with the FABs moving into mainstream and as such losing the
more discerning consumer.
Weak sales of fruit preparations hit European sales for number two
flavours group International Flavours and Fragrances (IFF) with the
firm reporting an overall drop in sales for the region but growth
elsewhere keeps firm on track...
Flavoured alcoholic beverages (FABs) took the UK market by storm in
the late 1990s, and while recent rumours of their death have been
greatly exaggerated, growth in the market does appear to be slowing
as consumers switch to more...
The Russian agricultural ministry has announced a temporary ban on
poultry imports from both Sweden and Finland in an effort to
prevent the spread of Exotic Newcastle disease.
US-based agro-food giant Bunge says it is readying to resume production at its
newly acquired oilseed processing facility in southern Poland.
Bunge says that, tying in with Poland's accession to the EU, the
facility represents...
In reaction to the continued buy up of shares in Sun Interbrew
by a Russian investment company, parent company Interbrew has responded by announcing measures to
control the sale of voting shares. The move has been made in an
effort...
