SUBSCRIBE

Breaking News on Industrial Baking & Snacks

News > Markets

Kellogg to develop Martek DHA-fortified foods

Martek Biosciences has signed a non-exclusive license agreement with Kellogg, under which it will supply the consumer foods giant with the omega-3 fatty acid DHA (docosahexaenoic acid) for use in...

UK sugar acquisition given clearance

The Competition Commission (CC) today announced it has provisionally cleared the completed acquisition by Napier Brown Foods (NBF) of James Budgett Sugars (JBS), but voiced concerns about the lack of...

Imperial Sugar forecasts difficult year

Imperial Sugar yesterday (Thursday) announced a higher first-quarter profit, but predicted that operating income would fall significantly in 2005 as the sugar industry remains challenging, reports Philippa Nuttall.

Bread sales dip impacts Novozymes food unit

Sales for food enzymes crept up by a slight 2 per cent in 2004 for number one enzymes player Novozymes, but a boost in low carb beverages continues to lift profit.

Parmalat sells US bakery

Stricken Italian firm Parmalat, still being investigated for fraud, has sold its loss-making North American Bakery Group to private equity firm Catterton Partners, reports Chris Mercer.

Healthy snacks image lifts Kellogg

Good foresight on rising health trends and heavy investment in premium brands have helped cereal and snack producer Kellogg to a steady sales and earnings rise for 2004, with North...

Hiestand quality brings global sales rise

A reputation for quality and efficiency across Europe and Asia have helped Swiss baker Hiestand to predict it will beat its own earnings targets for 2004.But the company's biggest challenge...

British bakers make confident start to 2005

British cake maker Inter Link Foods has again taken advantage of the country's piecemeal cake sector by making its biggest acquisition to date. Meanwhile, UK bakery retailer Greggs, buoyed by...

Fortitech expansion reflects booming European market

Strong year-on-year sales growth and a major new plant expansion at premix leader Fortitech's Europe base demonstrates the insatiable appetite for fortified foods in the region, writes Dominique Patton.

APV slashes cost of baking equipment

Lower cost baking equipment suppliers could lose out after the UK's APV Baker announced its intention to implement price reductions and a new marketing strategy, reports Chris Mercer.

Tate & Lyle: pricing rounds squeeze EU margins

Pricing rounds in the tough sweeteners market draw to a close with UK starch and sweetener supplier Tate & Lyle expecting a slight fall in margins for Europe.

UK Finsbury confident on Christmas profits

UK speciality cake and bread producer Finsbury Foods is expecting healthy profits in 2005 and claims to have reversed last year's nightmare Christmas period, despite mixed reports from many multiple...

Cake market slow-down to threaten Inter Link success?

Canny acquisitions have led Britain's cake sector whiz kid, Inter Link Foods, to report another strong profit rise, but the company should tread carefully amid rising debts and a sluggish...

Amalgamated Sugar suffers from market uncertainties

Uncertainties in the sugar market have prompted Amalgamated Sugar Company to lay off employees at its processing plant in Nyssa, Oregon.

Wheat prices still at risk

Wheat prices are still open to risk as low global stocks provide little buffer to surprise supply shocks but soybean prices should remain low on record high global inventories, writes...

NCH to capitalise on Romania's bakery industry

US-based investment group New Century Holdings intends to consolidatemarket leader Vel Pitar's position as Romania's topbakery, writes Bogdan Tudorache in Bucharest.

Smucker drops foodservice for brands

Leading American food producer J. M. Smucker has agreed a deal to sell its US Multifoods foodservice and bakery businesses in order to concentrate on well-known consumer brands, reports Chris...

Loders Croklaan highlights Malaysian connection

Dutch producer of oils and fats Loders Croklaan has changed its company logo in an effort to underline the connection with its Malaysian parent company IOI Group and emphasize their...

Greggs benefits from price hike

A 2.4 per cent increase in average selling prices helped British baker and retailer Greggs to post a "pleasing" increase in second half sales.

Warburtons expands as part of premium push

Family baker Warburtons has bought up the Rathbones bakery in Stockton, northern England, as part of the group's plan to dominate the premium bread sector through local supply networks, reports...

Prices for cereal-based ingredients still under pressure

Despite an upturn in global wheat, corn and soy production in 2004, prices for food ingredients sourced from cereal raw materials are likely to remain under pressure, writes Lindsey Partos.

Frozen bakery sparks General Mills recovery

Frozen and chilled baked goods are the leading lights among US firm General Mills' bakery and cereal products as the company begins a tentative recovery against high raw materials costs,...

Starch firm expands in Asia

Number one dextrose producer Corn Products International will drive operations forward in Korea, buying up the remaining slice of its Korean business from Doosan corporation.

Asian rice production lifts global supplies

A significant drive from Asian rice producers has helped boost global paddy production in 2004 to an estimated record 611 million tonnes. But the Food and Agriculture Organisation says that...

Pre-treatment investment in raw materials to bring savings for Karlshamns

Competition continues to bite for Swedish speciality fats and oils business Karlshamns with the firm announcing it will pour Euros 6.68 million (SEK60m) into cost-cutting measures.

Key Industry Events

 

Access all events listing

Our events, Events from partners...