Sales for food enzymes crept up by a slight two per cent in 2004
for number one enzymes player Novozymes, but a boost in low carb
beverages continues to lift profit.
Fending off price erosion, the landscape of the fermentation
industry continues to change as ingredients firms consolidate for
market strength in €10.97 billion industry, writes Lindsey
Partos.
Growth in Asian and South American markets boost sales for colours
firm Chr Hansen, counterbalancing a fall in revenue in North
America for the first quarter of the year.
Food companies are expecting a tough year in 2005 with competition
and price pressures in the food chain rising to the surface as the
key issues, reports Lindsey Partos.
Danisco has launched a series of products aimed at helping the
baking industry cope with the move towards whole grain products
that is expected in the US in 2005.
The bolt-on acquisition of Rhodia Food Ingredients earlier this
year helps boost sales for Danish ingredients and sugar group
Danisco in an otherwise challenging 2004/05 first half.
The announcement yesterday that DMV International and Arla Food
Ingredients could merge is a further example of how the rising
power and ongoing growth of the multiple retailers is putting
constant pressure on ingredients companies...
Number one cultures supplier Chr. Hansen is up for sale as its
major stakeholder decides to pull away from the ingredients slice
of the company to focus on the pharmaceutical unit, reports
Lindsey Partos.
The ingredients division of Danish cultures and colours firm Chr.
Hansen pulled in a DKK 369 million (€49m) profit for the year on
sales of DKK 3.4 billion (€460m), a slight dip on the previous year
on rising costs.
UK food and ingredients firm Associated British Foods has beaten
full year profit expectations after posting double-digit growth
against a backdrop of firmer commodity pricing and adverse currency
movements. The performance underlines...
A fall in bread consumption in the US impacts sales for food enzyme
leader Novozymes in the third quarter with the Danish firm
reporting a 7 per cent fall in sales for this segment to DKK373
million (€50 million) this year from DKK399...
Number two cultures player Danisco will ramp up production of
frozen pelletised cultures clearing a €7 million investment to
expand facilities in Niebull, Germany.
Wine players are getting bigger and exposing their businesses to
greater risk as consolidation in the industry continues and to
ensure quality remains constant, Danish ingredients firm Chr Hansen
claims to offer the solution through...
Breakthroughs in the lab provide food makers with a competitively
priced technology designed by Danish enzyme leader Novozymes to cut
the artery-clogging trans fats out of food products, writes
Lindsey Partos.
Scientists at the Emory University Health Sciences Centre are
hoping to widen the understanding of an enzyme that breaks down
caffeine into theophylline, using bacteria that need the breakdown
product of the enzyme for survival.
Cheese makers could enjoy a rise in yields as Danish enzyme giant
Novozymes links up with cultures leader Chr Hansen in a joint
project to develop new enzymes for cheese production,writes
Lindsey Partos.
Number one natural colours firm Chr Hansen builds on ambitions to
penetrate deeper into this growing market with the launch of a new
range of natural reds that tackle stability for beverage
formulations, reports Lindsey Partos.
Sparking growth in the emerging South American food market, Danish
ingredients giant Chr Hansen has opened new facilities in Argentina
designed to serve expanding activities from international
customers, reports Lindsey Partos.
The gumminess texture of fresh mangoes could be improved through
the presence of an enzyme involved in the breakdown of plant cell
walls and in combination with calcium chloride.
Danisco's newcomer to the food enzyme market earns recognition from
the industry as the 'most innovative ingredient' at the food
ingredients exhibition in Brazil earlier this month.
Despite a warning in April that raw materials and currency would
have an impact on second half earnings, the UK ingredients firm
Associated British Foods, which in July laid down €1 billion for
leading yeast supplier Burns Philp,...
Scientists from Danish company Chr Hansen say they have developed a
lactic acid bacteria that may lower blood pressure when added to
yoghurt and other foods.
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.
The bakery sector is keeping up the pace as the fastest growing
market in food enzymes in the US, although recent controversy over
genetically modified organisms is set to eat into market growth as
food makers think twice before investing...
The less than sparkling, but stable, full year results for Danish
ingredients giant Danisco mirror the current state of play for
ingredients companies in today's market marked by squeezed margins,
higher raw material prices and...
Findings from a new report from the Geneva-based World Trade
Organisation suggest today's highly processed food industry will
continue its thirst for ingredients, writes Lindsey Partos.
In the past two decades international trade...
The acquisition of Rhodia Food Ingredients by Danisco has finally
been completed today, bringing the Danish ingredients group one
step closer towards its goal of becoming a leading supplier of
ingredients to the food industry. The...
On 1 May an historic moment marked the entry of ten countries and
75 million consumers into the European Union. Churchill's 'Iron
Curtain' has been consigned to the history books, heralding
democracy, stability and...
Mirroring the state of play for ingredients companies operating
into today's climate, price pressures put the squeeze on third
quarter margins for ingredients giant Danisco.
French yeast giant Lesaffre is driving deeper into the US market,
announcing a link up this week with crop processing titan Archer
Daniels Midland to break ground on a new yeast plant in the US.
Ingredients giant Danisco leapfrogs into the second global position
for cultures as the Danish firm acquires the food ingredients arm
of ailing French chemical business Rhodia.
Danisco is on the acquisition trail with rumours suggesting the
Danish ingredients giant is preparing to buy the food additive arm
of ailing French chemicals business Rhodia.
Rating agency slapped a negative outlook on Australian food company
Burns Philp & Co as the ingredients company, that integrated
food giant Goodman Fielder last year, unveiled a 9 per cent drop in
2003-04 first half profits.
There is a defining issue for dairy giant Parmalat that has
virtually nothing to do with fraud. If it lives to trade another
day, it will be because it hung on to its suppliers.
An emergency decree passed late last month by the Italian
government in a bid to save dairy giant Parmalat from collapse
looks set to win support from the European Commission on the back
of guarantees that there will be no state bail-out...
The movement of foodstuffs within the European boundaries will be
changed forever once the next step towards an enlarged Europe takes
place. Food and Life Sciences lawyer Raymond O’Rourke takes us
through a detailed look at some of...
Set against the backdrop of difficult trading conditions for
branded food manufacturers, raw material prices and a negative
currency impact played down first half figures for ingredients
giant Danisco.
Speaking in Brussels earlier this week, European Commissioner for
Health and Consumer Protection David Byrne announced the latest
development on issues relating to food safety within an enlarged
EU.
Labelling issues on the cards again for manufacturers as the UK's
food safety agency this week launches a consultation on the use of
alternative phrases to 'may contain' on food labels.
With serendipitous coincidence, in the same week that the European
Food Safety Authority delivers its hotly awaited first opinion on a
GMO, bureaucrats and stakeholders have gathered in Brussels under
the aegis of the Commission to...
Eager to grab a slice of the steadily growing market for natural
alternatives to hydrolysed vegetable protein (HVP) seasonings, UK
company Overseal Foods has launched a line of yeast products under
the brand name Yesto-Seal.
If traceability is at the heart of new food labelling rules in
Europe then the life blood keeping it beating must be risk
management. On the eve of the first ever risk assessment on
genetically modified organisms delivered by Europe's...
In the wake of terrorist attacks in the US on September 11, 2001
Europe's manufacturing industries have taken a knock but figures
released this week reveal that the food industry is managing the
course, registering a 'light...
As German enzyme company AB Enzymes celebrates the 30th birthday of
its baking enzyme line xylanase, the company has marked the moment
with the launch of two new products in the Veron family.
German enzyme company AB Enzymes, a subsidiary of ABITEC Group, the
food ingredient and specialty chemicals group, announced this week
that it has acquired Gamma Chemie, a German-based enzyme business.