A new report investigating the shopping habits of consumers across
Europe finds that while eating out is still seen as a luxury, and
will be affected by recessionary consumers, food purchasing is the
last area to be included in an...
US food company Cargill, the new owner of French starch
manufacturer Cerestar, reported $161 million (€182m) in earnings
for the third quarter ended February 28, up 63 per cent from $99
million earned in the same period a year ago.
Soft drink giant Coca-Cola, facing a stiff challenge from archrival
PepsiCo in the crucial North American market, on Monday unveiled a
new vanilla-flavoured version of its flagship Coke brand, reports
Reuters.
Sales of the total fortified foods market in the US reached almost
$18 billion (€20.4bn) in 2001, tripling the sales achieved by the
market in 1997, according to a new report by market analysts,
MarketResearch.com.
Danisco is to produce an enzyme derived from seaweed, also known as
HOX, in a bid to reinforce their position in the functional food
market. The enzyme will be marketed for use by the bread and dairy
industries, although it is claimed...
French spirits group Pernod Ricard is inheriting an estimated €300
million worth of stocks of cognac and Scotch whisky as part of its
Seagram acquisition, an industry source said on Friday.
Dutch potato starch producer Avebe has a new mission statement:
'Your Natural Partner In Food'. The statement is the heart of a
new strategy for the company that aims to focus on two principal
raw materials and at the same...
Swiss-based chocolate company Barry Callebaut said this week that
it is currently in discussions with the Unions about the proposed
closure of its cocoa processing factory in Bussum, Netherlands
In a rare interview , Cargill, the US food group, spoke to Laurent
Flallo from Les Echos, and set out the rationale behind its
recent acquisition, the biggest in the company's 137-year history,
of French starch company Cerestar.
A Kraft Foods division on Tuesday bought an undisclosed stake in a
Chicago-based start-up that aims to improve food service companies'
ability to place and receive electronic orders.
An attempt by a food ingredients billionaire to take over New
Zealand's second biggest dairy company could head into difficulties
if a farmers' collective wins the day, reports local New Zealand
paper The Evening Post.
The European carotenoids market looks set to reflect the robust
growth of the vitamin supplement market, according to market
analysts Frost & Sullivan. Total European carotenoids market to
grow from $375million (€428m) in 2001...
Over 1,000 food industry professionals gathered together in
Washington, USA this week for the Fourth Annual Food Safety Summit,
the largest event in the US for food safety.
In light of terrorist events on September 11 it comes as...
German Degussa BioActives, a business unit of Degussa that
specialises in health-promoting ingredients, announced this week
that it is to intensify itsfocus on sports nutrition.
Convinced that the principal growth area for dairy lies in
nutraceuticals and that value-added functional foods will shift
from a premium niche to a mainstream category, Irish dairy giant
Glanbia is investing heavily in technological...
It comes as no surprise to learn that continued reduction of
microbiological hazards in meat, and strict enforcement of BSE
controls, are among the performance targets set for the Meat
Hygiene Service for the 2002/03 financial year,...
On average, Americans consume more than three kilos of peanuts and
peanut products each year. Although the nutty legumes are a good
source of vitamins and fibre, for a small but growing sector of the
population, peanuts can also induce...
French food group Danone declined to comment last week on a report
it was in talks with Cadbury Schweppes and Coca-Cola over
distributing its Evian mineral water in the United States.
German chemical company Degussa is to sell its SKW Piesteritz-Group
as part of the company's aim to focus on specialty chemicals. A
Memorandum of Understanding has been signed with Swiss wheat and
fertiliser trading company Ameropa...
A New Zealand entrepreneur, the main shareholder in Australian food
ingredients firm Burns Philp, announced a takeover bid on Friday
for dairy products company New Zealand Dairy Foods.
China warned the European Union yesterday against destroying meat
and seafood cargoes over health concerns, as the two signed deals
worth more than 30 million euros.
The measurement of dietary fibre will come under the spotlight in
June when scientists meet at a workshop, organised by the American
Association of Cereal Chemists (AACC), in Leuven, Belgium.
US cereal company Kellogg Co. agreed this week to sell its
Bake-Line Products business to Atlantic Baking Group, the privately
held baking group said on Wednesday.
Cholesterol-cutting foods and food ingredients are relatively
common, but the same cannot be said of drinks, largely because of
taste issues. But now consultancy firm Arthur D. Little (ADL)
claims to have developed the first drink...
Moody's Investors Service has confirmed the Baa3/Prime-3 ratings
for the unsecured debt securities of French ingredients company
Rhodia. At the same time it has changed the outlook on the ratings
from stable to negative. These...
Belgian food ingredients company Corman announced recently that it
has launched a new butter ingredient to be promoted at the upcoming
Europain bakery and pâtisserie exhibition in Paris, from 20-24
April, 2002.
Consumers might be interested in healthy bakery products but are
still not buying enough to merit dramatic changes in the production
for the bakery industry, reports a recent poll carrried out by
BakeryNet.com.
Agrifood giant Archer Daniels Midland recently moved further into
health ingredients when it signed an agreement with US company
Nutraceutix for ADM to use Nutraceutix' patented Controlled
Delivery Technology (CDT) to develop...
Two European Commissioners, representatives from farmers, retailers
and consumers together with CEO's from large European food
companies will participate in the upcoming Sommet Alimentaire
Europeen (European Food Summit) that...
Soy protein concentrate and lecithin manufacturer, Central Soya,
the North American operating unit of Cereol, has signed a letter of
agreement to acquire full ownership of CanAmera Foods of Canada.
The US market for energy supplements is estimated to be worth more
than $1.2 billion (€1.37bn) in retail sales in 2001, and while
young, male consumers are the target audience for most energy
supplement producers, market research...
Following negotiations announced last March, Beghin-Say on Tuesday
reached an agreement to sell the Eridania group to a consortium of
three Italian companies, Sadam, Co.Pro.B and Finbieticola.
US company Sensient Technologies Corporation announced this week
that it has acquired the flavours and essential oil operations of
German company C. Melchers. The businesses are headquartered in
Bremen, Germany and reported revenues...
Scientists have created Australia's first cloned and genetically
modified (GM) calves, putting the major dairy exporter on the path
to becoming a commercial producer of GM milk.
Regular eating and drinking out in the evening will no longer just
be the preserve of the French, Spanish and Italians, claims a new
report from market analysts Datamonitor. Across Europe consumers
are seeking to go out more often...
UK Prime Minister Tony Blair this week gathered together leaders
from the food and farming industries to discuss their future in the
wake of devastation caused by the foot and mouth crisis. The
government confirmed its desire to promote...
Heads of Swiss food group Nestlé and New Zealand dairy group,
Fonterra Co-operative signed an agreement on Monday to form Dairy
Partners Americas (DPA), a new dairy alliance
Danish ingredients company Danisco announced this week that it is
use new production facilities in Denmark to produce Natamax - a
natural, biological preservative.
UK confectionery and drinks group Cadbury Schweppes has agreed to
acquire juice maker Nantucket Allserve, from cranberry growers
cooperative Ocean Spray Cranberries, the company announced this
week.
Leading Norwegian food company the Rieber & Søn Group has
entered into an agreement with Danish ingredients company Danisco
to take over the Danisco's crispy onions activities in Holland,
with a sales office in Germany.
After posting disappointing financial results earlier this week
Danish ingredients company Danisco announced on Wednesday that
business is booming in Russia with a massive potential for future
growth.
Hercules Aqualon, a supplier of cellulosic products used to modify
the physical properties of aqueous or water based systems, reported
recently that it has appointed the UK, French, Belgium and German
IMCD companies as partners in...
