Archives for August 24, 2004

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Parmalat continues to seek cash recovery

Parmalat, the Italian dairy company which has been in the hands of the administrators since collapsing with massive debts last year - has continued to take legal action against a number of leading financial institutions in a bid to recover some of the...

Heinz: sound results, but is the frozen potato market solid?

Food manufacturer Heinz has reported a 7.8 per cent rise in first-quarter profit excluding a year-earlier tax benefit, as demand for frozen food products continues to drive profits. But is the company investing in the wrong type of product? Anthony...

Lindt powers to first half profits for first time

Lindt & Sprüngli, the Swiss confectionery group, has ended the first half of 2004 in the black - the first time the company has completed the first six months of the year in profit. Increased marketing expenditure - helped by tight cost control -...

Sugar industry defends its prime ingredient

The contribution that the common sweetener ingredient sucrose has made to the growing incidence of obesity is the focus of a dispute between the US sugar association and a New Zealand scientist.

Bird flu spreads to pigs

Authorities in China are trying to calm fears over the spread of the deadly avian influenza strain H5N1 to pigs by stating that recent tests carried out on pig farms in the country have shown that the animals are now clear of the disease.

Soft drinks, diabetes link sparks fierce debate

Research suggesting a link between soft drink consumption and rising levels of diabetes in the US has sparked fierce criticism from consumer groups and beverage industry associations. Scientists with an axe to grind have manipulated the data, the...

BASF opens new plant for vitamin production

The world's number two vitamin maker BASF opened a new production plant for the chemical citral yesterday, the key building block for vitamins A and E, as well as the carotenoids beta-carotene and canthaxanthin.

Baltika launches Tula malt plant

Baltika, Russia's leading beer brewery, has announced the start of production at its newly constructed malt processing facility in Tula, central European Russia. The project aims to up the company's own supply of malt in an effort to reduce...

Polish industry round-up

The news from the Polish food and beverage sector include details about 130,000 milk suppliers gearing up for EU certification, pork producers aiming to increase exports to South Korea and Grupa Zywiec moving closer to buying Kujawiak Brewery.