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Posts From mike

St Austell Brewery Secures £40 Million Refinancing Deal

    St Austell Brewery Secures £40 Million Refinancing Deal

British regional brewer and pub operator St Austell Brewery has secured a new £40 million refinancing package with Royal Bank of Scotland and Barclays Bank. The Cornish brewer will use

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Coca-Cola Hellenic Restructures Greek Business

    Coca-Cola Hellenic Restructures Greek Business

Coca-Cola Hellenic is to close two of its five production plants in Greece in a bid to cut costs and adjust to falling sales. The company’s sales volumes in Greece

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Carlsberg Strengthens Supervisory Board

    Carlsberg Strengthens Supervisory Board

At its Annual General Meeting on 22 March 2012, the Supervisory Board of Carlsberg will recommend that the AGM appoints Donna Cordner, Elisabeth Fleuriot and Soren-Peter Fuchs Olesen to the

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France Asked to Comply With European Rules on Marketing Wine Spirits and Wine Distillates

    France Asked to Comply With European Rules on Marketing Wine Spirits and Wine Distillates

The European Commission has officially requested France to amend its rules on the production and marketing of certain products obtained by distilling lees and marcs (the by‑products of winemaking). The

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PepsiCo Opens New €10 Million Irish R&D Centre

    PepsiCo Opens New €10 Million Irish R&D Centre

PepsiCo Ireland has officially opened its new R&D Centre for next generation products in Little Island, County Cork. It represents an investment of €10 million in PepsiCo’s Irish operations.  PepsiCo

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FlavourCraft Deal ‘Perfect Fit’ For Kerry

    FlavourCraft Deal ‘Perfect Fit’ For Kerry

Kerry Ingredients & Flavours has completed the acquisition of South African flavours company FlavourCraft for an undisclosed sum. The deal sees Kerry expand its presence not just in South Africa,

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STATICE Develops Tempermeters and Specific Measuring Systems For the Chocolate Industry

The French company STATICE designs and produces customised systems for industries wanting to monitor their processes, especially the food processing industry. Confectionery companies pay close attention to process quality and

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Cama – Excellence in Cups Technology

The markets of coffee, tea and herbal tea in cups are experiencing strong growth in the beverage market, with increasing investment in technological high-speed systems. Cama, a private company based

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Nescafe Dolce Gusto Expands in Europe

    Nescafe Dolce Gusto Expands in Europe

Nestle is strengthening one of its fastest growing businesses in Europe with a Eur220 million (over SFr265 million) investment in building a new Nescafe Dolce Gusto factory in Germany, the

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PepsiCo and Theo Muller to Build $206 Million Yogurt Factory

    PepsiCo and Theo Muller to Build $206 Million Yogurt Factory

PepsiCo, the world’s second largest snacks and beverages company, and Theo Muller, Germany’s largest privately owned dairy business, have chosen New York as the site for their first yogurt production

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Double Digit UK Growth For Fairtrade Products

    Double Digit UK Growth For Fairtrade Products

Estimated retail sales of Fairtrade products in the UK reached £1.32 billion in 2011, a 12% increase on sales of £1.17 billion in 2010. Cocoa and sugar have all seen

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Ferrero to Build $190 Million Plant in Mexico

    Ferrero to Build $190 Million Plant in Mexico

Ferrero Group is to invest $190 million (Eur140 million) in building a new plant in the State of Guanajuato in Mexico. The new production plant will manufacture the new Kinder

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SPX Showcasing Robust Portfolio of Innovative Process Technologies at Anuga FoodTec 2012

SPX’s portfolio of products and services for the food and beverage industries is helping manufacturers around the globe increase process yields, enhance sustainability and receive rapid return on investment. The

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Au2mate Performs Successful Upgrading of Control System at Arla Foods Holstebro

Arla Foods Holstebro annually produces 58,000 tons of cream cheese in various flavours. Approximately 3,500 plant components are connected to the control system. Success criteria for the technical solution were

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BEST Innovations in Sorting Technology

BEST (Belgian Electronic Sorting Technology) is an innovative company specialized in manufacturing sorting machinery for the food and non-food industry. BEST is using the latest and most innovative optical technologies

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Food Quality Testing With Brabender Instruments

Based at Duisburg in Germany, Brabender specialises in the development, manufacture, and distribution of instruments and equipment for testing material quality and physical characteristics in all fields of research, development,

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UPM Celebrates 35 Years at NPE

UPM claims to be the longest serving supplier of ancillary equipment to the world’s plastic industry having participated in the NPE show for the past 35 years. The emphasis this

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Arla Foods Increases Revenue and Earnings

    Arla Foods Increases Revenue and Earnings

Despite continuing weak consumer confidence in Europe, where 80% of its business is based, Arla Foods achieved double digit growth in both revenue and earnings in 2011. Revenue rose by

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Carlsberg to Acquire Full Control of Baltika

    Carlsberg to Acquire Full Control of Baltika

Carlsberg Group intends acquiring the remaining 15% stake in its Russian subsidiary, Baltika Breweries, for up to DKr6.5 billion (Eur870 million). The move will involve a delisting of Baltika. The

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Nestle Drives Nutrition With ‘Cooking Caravans’ in Africa

    Nestle Drives Nutrition With ‘Cooking Caravans’ in Africa

Nestle has gone on the road in Central and West Africa to provide nutrition expertise and healthy eating tips to consumers. Maggi brand ‘Cooking Caravans’ are travelling through Cameroon, Cote

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Senoble and Agrial Joint Venture Approved

    Senoble and Agrial Joint Venture Approved

The European Commission has cleared the proposed creation of Senegral, a joint venture by Senoble and Agrial, two French companies operating in the dairy sector. The new joint venture will

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Kerry Group’s Trading Profits Reach €500 Million Milestone

    Kerry Group’s Trading Profits Reach €500 Million Milestone

Despite the tough trading environment, Kerry Group, the global ingredients, flavours and consumer foods manufacturer, has increased trading profit by 7.1% on a like-for-like basis to Eur5001 million on sales up

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Russia Weakens Carlsberg’s 2011 Performance

  Russia Weakens Carlsberg’s 2011 Performance

Carlsberg Group’s 2011 financial performance has been adversely impacted by a decline in the Russian beer market. Group operating profit

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Pepsico to Invests £14.4 Million in Quaker Oats Site in Scotland

  Pepsico to Invests £14.4 Million in Quaker Oats Site in Scotland

PepsiCo is investing £14.4 million to increase the capacity of its Quaker Oats site at Cupar in Scotland in a

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UK Becomes Net Exporter of Lamb

  UK Becomes Net Exporter of Lamb

The UK has become a net exporter of lamb, according to new figures published by EBLEX. Figures show that in

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Milk Link Starts Final Phase of Oswestry Cheese Project

  Milk Link Starts Final Phase of Oswestry Cheese Project

The final phase has commenced of Project Vision – Milk Link’s four year programme to transform its Oswestry production facility

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Sales Drop But Profits Advance at Baxters Food Group

  Sales Drop But Profits Advance at Baxters Food Group

Despite a 2.5% drop in sales to £125.8 million Baxters Food Group increased pre-tax profit by 6.9% to £7.1 million

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Nestle Grows in Both Developed and Emerging Markets

  Nestle Grows in Both Developed and Emerging Markets

Reflecting growth in both emerging markets and developed markets, Nestle increased net profit by 8.1% on a continuing basis to

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Premier Foods to Close Hovis Bakery

  Premier Foods to Close Hovis Bakery

Premier Foods is to close its bakery at Eastleigh in Hampshire with the loss of 82 jobs. The bakery is

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Heineken Achieves Organic Growth Across All Regions

  Heineken Achieves Organic Growth Across All Regions

Driven by a group beer volume increase of 3.6% with growth in all regions, Heineken has reported a 6.1% increase

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Emerging Markets Drive Danone

  Emerging Markets Drive Danone

Strong growth in emerging markets helped Danone to increase like-for-like sales by 7.8% to Eur19.32 billion and improve its trading

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Young British Diners Demanding More From Food Venues as Eating Out Rises

  Young British Diners Demanding More From Food Venues as Eating Out Rises

Young British people are eating out more than they were two years ago, despite the economic squeeze. However they expect

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Kellogg Company to Acquire Pringles For $2.7 Billion

  Kellogg Company to Acquire Pringles For $2.7 Billion

Kellogg Company has agreed to acquire Procter & Gamble’s Pringles business for $2.695 billion. Pringles is an excellent strategic fit

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The Scottish Salmon Company Reveals £40 Million Expansion Plans

  The Scottish Salmon Company Reveals £40 Million Expansion Plans

The Scottish Salmon Company has unveiled plans to invest over £40 million to expand its business over the next five

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Annual Profits Plunge at Coca-Cola Hellenic

  Annual Profits Plunge at Coca-Cola Hellenic

Coca-Cola Hellenic has reported a 1% growth in net sales revenue to Eur8.85 billion for 2011 but volumes fell by

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Corn Products International to Change Name to Ingredion

  Corn Products International to Change Name to Ingredion

Global ingredients company Corn Products International is to change its name to Ingredion pending shareholder approval at its annual meeting

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New Starter Culture Meets Versatile Demands

  New Starter Culture Meets Versatile Demands

Frutarom Savory Solutions is offering a new starter culture, BITEC Advance LD-20, for the manufacturing of firm and fresh raw

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New Labelling From Sainsbury’s to Help Stop £2 Billion of Food Being Wasted

  New Labelling From Sainsbury’s to Help Stop £2 Billion of Food Being Wasted

New labelling currently being rolled out across Sainsbury’s stores around the UK will advise customers to freeze food as soon

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Study Shows Modern Life is Changing Germans’ Eating Habits

  Study Shows Modern Life is Changing Germans’ Eating Habits

The unpredictability of the average German’s daily routine is having a significant impact on their eating habits, according to a

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Best of Times, Worst of Times – Global Beverage Outlook 2012

  Best of Times, Worst of Times – Global Beverage Outlook 2012

In a new report on the global beverages sector Rabobank identifies five key megatrends which will influence the outlook in

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Emmi Group’s Head of Finance to Leave

  Emmi Group’s Head of Finance to Leave

Reto Conrad, chief finance officer of Emmi Group, has decided to pursue a new challenge in his career and will

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Barry Callebaut to Acquire American Chocolate Decorations Manufacturer

  Barry Callebaut to Acquire American Chocolate Decorations Manufacturer

Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, is acquiring Mona Lisa Food Products, a leader

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UK Brown Sauce Sales Rise as Ketchup Dips

  UK Brown Sauce Sales Rise as Ketchup Dips

Mintel’s latest research into sauces and seasonings reveals that sales of brown sauce are on the increase, rising by 9%

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Dairy Crest Left Chasing £4 Million Debt

  Dairy Crest Left Chasing £4 Million Debt

Dairy Crest is increasing its bad debt provision by up to £4 million after a customer, Quadro Foods, called in

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New Natural Red Colour Line For Fruit Preparation

LycoRed of Israel has launched a new range of natural, vegetarian red and orange colors with non-migrating properties for fruit

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Faerch Plast Packaging Helps to Keep Chantenay Carrot Snacks Fresh For Lunchboxes

Specialist manufacturer of quality plastic packaging for the food industry, Faerch Plast is supplying a four-compartment tray to fresh produce

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Major Restructuring at PepsiCo to Maintain Profitable Growth

  Major Restructuring at PepsiCo to Maintain Profitable Growth

With worldwide snacks and beverage volumes rising by 8% and 5% respectively, PepsiCo has increased operating profit by 16% to

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Diageo Delivers Solid Interim Performance

  Diageo Delivers Solid Interim Performance

Helped by strong growth in emerging markets and a recovery in some developed markets, Diageo has reported an 8% growth

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Tackling the Global Food Crisis

  Tackling the Global Food Crisis

Private sector companies have an important role to play in addressing the global food crisis, according to Nestlé chief executive

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Solid Growth at European-focused Coca Cola Enterprises

  Solid Growth at European-focused Coca Cola Enterprises

Coca-Cola Enterprises, the world’s third largest independent Coca-Cola bottler, has increased revenue by 11.5% to $8.3 billion with volume sales

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Arla Foods UK Begins Construction on £150 Million Dairy

  Arla Foods UK Begins Construction on £150 Million Dairy

Arla Foods UK has commenced building work for its £150 million fresh milk dairy in Aylesbury. Work started on site

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SABMiller Appoints New Group Chief Brewer

  SABMiller Appoints New Group Chief Brewer

SABMiller has appointed Professor Katherine Smart (pictured) as group chief brewer to replace Professor Barry Axcell, who is retiring at the

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Solid 2011 Performance By The Coca-Cola Company

  Solid 2011 Performance By The Coca-Cola Company

The Coca-Cola Company has reported a 33% rise in net revenues to $46.54 billion and comparable currency neutral net revenues

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Attractive But Unbalanced Outlook For Global Dairy Market

  Attractive But Unbalanced Outlook For Global Dairy Market

The global dairy market will offer strong growth prospects in the coming five years, but the uneven spread of this

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