Archives for February 18, 2004

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French yeast leader expands production in US

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.

WBD gets further investment

Leading Russian dairy and juice processor Wimm-Bill-Dann has confirmed that Emerging Markets Growth Fund has raised its stake in the company to 5.6 per cent.

Macedonian processor expands

FYR Macedonian food processor Zitoluks has secured an €8 million loan from the EBRD to extend its production facilities and enable it to work alongside Greek food group Filippou.

End to GM ban imminent?

European scientists will meet today to decide the fate of a genetically modified corn developed by US biotech giant Monsanto. A positive outcome from the committee would end Europe's five year ban on GM crops, attacked by a host of countries most...

Milking nature's benefits

Another milk marketed to help consumers sleep better goes on sale in the UK this week, where a third of all adults are said to be affected by sleeping problems.

Hilton Foods invests in new processing factory

Hilton Foods has invested €9.4 million in a start-up program that will see a new plant built in Drogheda in Ireland. The plant is expected to create 175 job opportunities and meat produced in the factory will be supplied to Tesco UK.

Poland gets more time

As processors in Poland and other accession countries race to comply with EU food safety regulations, the EU Commission has said that it will be prepared to further extend deadlines in an attempt to help companies bring facilities up to standard. Help...

Russian sugar faces big challenges

The Russian sugar industry has suffered under the weight of poor logistics, erratic raw supplies and a lack of financing. We spoke to a leading industry analysts to find out how the industry is facing up to these challenges and what lies in store.