All News

Novozymes Posts “Positive” Q1 Results with Sales and Earnings “On Track”

26 Apr 2017 --- Denmark-based biotechnology company Novozymes has reported overall positive Q1 results with a 3% organic sales growth mainly driven by food & beverages and bioenergy. The company reports that sales and earnings are on track with this “good start to 2017” which has also seen solid progress on Novozymes strategic priorities. 

Duas Rodas Invests US$7 Million in Chilean Plant

26 Apr 2017 --- Duas Rodas, a key international company in the manufacture of aromas and ingredients for the food and beverage industries is set to inaugurate new facilities for its factory in Chile. The investment of more than US$7 million is part of the strategy of consolidation and expansion of the Brazilian multinational in the Latin American market.

NIZO Partners on Center of Excellence for Product & Process Modeling

26 Apr 2017 --- At yesterday’s Advanced Process Modelling Forum Process Systems Enterprise (PSE), the Advanced Process Modelling company, and NIZO, the world’s leading food & nutrition contract research organization, announced the formation of the Center of Excellence (CoE) for Food Product and Process Modelling.

Nestlé to Cut 300 UK Jobs and Move Blue Riband to Poland

26 Apr 2017 --- Nestlé UK is informing employees of proposals to make some changes to the factory operations within its UK confectionery business. These proposals span four different sites: York, Fawdon, Halifax and Girvan and may result in a reduction of 298 roles, predominantly at York and Fawdon, through 2017 and 2018. The company expects that these would be achieved through voluntary redundancies.

UK MPs Pass Sugar Tax

26 Apr 2017 --- UK MPs have approved the Finance Bill, which incorporates legislation enabling the introduction of the Soft Drinks Industry Levy in April 2018. 

Dean Foods' Mayfield Creamery Brand Expands

26 Apr 2017 --- Dean Foods has announced that its iconic Mayfield Creamery ice cream brand is expanding further across the southern U.S. to a collection of new markets in Texas, Oklahoma, Arizona and New Mexico. Mayfield Ice Cream debuted in 1923, and can currently be found in grocery stores across the southeast in Tennessee, Georgia, Alabama, North Carolina, South Carolina, Florida, Virginia, Mississippi, West Virginia, Kentucky and Louisiana.

Colombian Daabon Receives World-First Award for Sustainable Palm Oil

25 Apr 2017 --- Colombian-based Daabon Group has been awarded for its pioneering approach to sourcing sustainable palm oil in Latin America by becoming the world’s first oil palm grower to receive certification from industry body – The Roundtable on Sustainable Palm Oil – that shows the company has exceeded global standards.

Key Interview: Symrise Addresses Premium Indulgence Trend in Savory

25 Apr 2017 --- As a result of globalization, consumers’ social and culinary horizons have broadened considerably over the past years. Increased exposure to new cultures and cuisines has whet consumers’ appetites for novel flavors, textures and food combinations, and this culinary curiosity, in combination with increased awareness and expectations of the healthiness and sourcing of food products, is putting suppliers’ skills to the test.

PPG Industries Sweetens Offer for AkzoNobel to $29 Billion

25 Apr 2017 --- PPG has submitted a third takeover offer for a combination with the Dutch paint and chemicals firm Akzo Nobel N.V. The comprehensive proposal letter, which was provided to Messrs. Antony Burgmans, Chairman of the Supervisory Board and Ton Büchner, Chief Executive Officer and Chairman of the Board of Management, detailed PPG’s increased price of €96.75 (cum dividend) per outstanding ordinary share of AkzoNobel, comprised of cash of €61.50 and 0.357 shares of PPG common stock. Including the assumption of net debt and minority interests, the proposed transaction is now valued at approximately €26.9 billion, or $28.8 billion.

Kraft Food Ingredients Adds Renowned Heinz Brands to Portfolio

25 Apr 2017 --- Kraft Food Ingredients has added Heinz Ketchup and Lea & Perrins Worcestershire Sauce along with a variety of Heinz vinegars, relishes and sauces to its broad portfolio of ingredient solutions. These products are now available in several sizes and formats to meet a full range of manufacturing and foodservice needs.

Flat Bakery Segment Bites into Corbion’s Q1 Results

25 Apr 2017 --- Corbion has reported sales of €229.9 million (US$250.3 million) in the first quarter of 2017, an increase of just 0.7%, with the bakery segment falling short of expectations. And this will impact future financial results for 2017 with the company claiming that the losses in Bakery will dampen growth.

Britvic Boosts Subway’s Low and No Sugar Drinks Initiative at UK Hospital Stores

25 Apr 2017 --- As part of an initiative to cut down on the amount of sugary drinks sold at hospital-based franchises, Subway has announced its 12 NHS stores in the UK have met the relevant criteria relating to food and drink sold on NHS premises for 2016/17.

Hershey Cutting Calories in Classic Chocolate Bars

24 Apr 2017 --- US Chocolate giant Hershey has pledged that all of its standard and king-size confectionary range will come complete with easy-to-read front-of-pack labels which show the amount of calories by the end of next year. And half of all Hershey standard and king-size confections will be 200 calories or less by 2022, as part of the company’s “smart snacking promise”.

Special Report: An Industry Update on Sugar Taxes

24 Apr 2017 --- The soft drinks industry at large has been facing the sugar tax challenge for several years now against a backdrop of consumer demand for reduced-sugar products and increasing calls for governments to legislate on the issue. Reformulating a much-loved product by removing or replacing the sugar, while maintaining the familiar taste is a challenge for most companies. But that has not stopped the majority of key players from adding a wealth of no- or low-sugar lines to their portfolios.

Bunge Acquires Argentine Edible Oil Company

24 Apr 2017 --- Bunge Southern Cone and Aceitera Martínez S.A. have entered into an agreement to transfer all of Aceitera Martínez’s assets to Bunge. A family-run business for more than 60 years, Aceitera Martínez specializes in the production and packaging of edible oils, including sunflower and soybean oil. 

NHS and Leading Suppliers Vow to Reduce Sales of Sugary Drinks

24 Apr 2017 --- The UK National Health Service (NHS) has announced it is “stepping up the battle against obesity, diabetes and tooth decay” by declaring that sugary drinks will be banned in hospital shops from next year unless suppliers voluntarily take decisive action to cut their sales over the next 12 months. 

Sunflower Seeds May Pose Increased Health Risk in Many Low-Income Countries

24 Apr 2017 --- Michigan State University researchers have shown that sunflower seeds are frequently contaminated with a toxin produced by molds and pose an increased health risk in many low-income countries worldwide. 

Campylobacter, Salmonella Led US Bacterial Foodborne Illnesses in 2016

24 Apr 2017 --- Campylobacter and Salmonella caused the most reported bacterial foodborne illnesses in 2016, according to preliminary data published in CDC’s Morbidity and Mortality Weekly Report. CDC’s Foodborne Diseases Active Surveillance Network (FoodNet) report provides the most up-to-date information about foodborne illnesses in the United States.

Monsanto Completes $50 Million Plant Expansion in Muscatine

24 Apr 2017 --- Monsanto has completed a $50 million expansion at its Muscatine, Iowa plant. The expansion provides increases the formulations and packaging capacity at the plant to support the launch of Monsanto’s dicamba-tolerant trait technologies.

Study Linking Diet Drinks With Stroke and Dementia Disputed Over Mechanism

21 Apr 2017 --- A long-term observational study has shown that drinking one or more artificially sweetened beverages on a daily basis is linked to almost three times the risk of developing stroke or dementia compared to those who drank them less than once a week. However, claims that the observational study includes a number of limitations have come to light, with the ISA stating the study “provides no convincing evidence and no plausible mechanism for a causal relationship between diet drinks’ consumption and health indices, in this case stroke and dementia.”