Australian packaging company Amcor has said it plans to buy the
polyethylene container and closure assets of Germany's
Schmalbach-Lubeca for A$2.875 billion (€1.7bn).
A recent report from Primedia suggests that the future
consolidation of flexible packaging companies serving the food and
beverage industry is set to re-shape the segment.
A new exhibition has been launched for the European processing and
packaging market by the Process and Packaging Machinery Association
(PPMA), with the support of the Institute of Packaging.
US company Nutraceutical Clinical Laboratories International
Incorporated (NCLII) has begun selling its NuPreserv product to one
of the leading American bakery groups.
Brazilian pork and poultry processor Sadia has seen an 11 per cent
rise in its gross profits for the first quarter of the year, rising
from R$219.6 million (€219.6m) in 2001 to R$243.7 million.
Argentina has reopened 32 meat processing plants in the past four
months thanks to a recovery in beef sales to the European Union
(EU) and devaluation of its currency, Cabinet chief Alfredo
Atanasof said on Monday.
A quick tour through this year's supermarket industry trade show in
Chicago on Sunday proves the trend toward convenience shows no sign
of abating, as food makers try to shake things up in a slow-growing
industry.
Factories in the US that convert corn into the gasoline additive
ethanol are releasing carbon monoxide, methanol and some
carcinogens at levels "many times greater" than they promised, the
US government said.
Canadian company Maple Leaf Foods has reported its financial
results for the first quarter ending 31 March, with solid increases
in both sales and profits.
Unilever has announced that it intends to sell its international
specialty oils and fats business, Loders Croklaan Group, as part of
its Path to Growth strategy which focuses on core activities.
Thailand's Useful Food, one of the country's largest snack
producers, has revised its regional growth plan by focusing on
Southeast Asia rather than the whole of Asia.
US bacon processor Patrick Cudahy celebrated the grand opening of
its new state-of-the-art bacon and sausage facility recently. The
expansion will increase production capabilities in pre-cooked
sliced bacon, salami, pepperoni and...
Crown Cork & Seal has completed the sale of the metal closure
assets of its Danish subsidiary, Crown Cork Company Scandinavia, to
Pelliconi Scandinavia. The Danish business manufactures metal
closures for glass bottles to the...
Frozen Food Express Industries, the US-based temperature-controlled
distribution company which specialises in food products, health
care supplies and confectionery, has reported an increase in first
quarter results for 2002.
Netzsch has introduced a range of rotary lobe pumps under the
Tornado name, making it the only manufacturer in the UK to offer
both rotary lobe and progressing cavity pumps, it claims.
Smithfield Foods, the giant US meat processor, is to close a small
production facility in Norfolk, Virginia, by the end of the year,
laying off some 160 workers.
TrenStar has announced that it has concluded an agreement with
Scottish Courage Limited, part of Scottish & Newcastle plc and
one of the largest brewers in Europe, to acquire the beer keg fleet
of Scottish Courage (some 1.9 million...
Consumers Packaging, formerly Canada's largest manufacturer of
glass containers, has filed an assignment in bankruptcy. KPMG of
Toronto has been appointed as trustee.
Sadia, Brazil's largest meat-processing company, has announced
plans to close its distribution centre in Argentina as a result of
that country's economic crisis.
US-based consumer goods giant P&G delivered double-digit volume
and core earnings per share growth for the January-March quarter,
ended 31 March, exceeding analysts' estimates. However, earnings in
the food and beverage segment,...
US company Ivex Packaging Corporation has reported that its sales
for the first quarter of this year have fallen from $159.5 million
(€176.5 million) to $140.2 million. However, net income for the
quarter increased to $5.8 million,...
Norwegian energy and metal group Norsk Hydro is hoping to complete
the integration of Germany's VAW Aluminium in the next few weeks,
and hopes to sell its packaging activities this year.
Americans recycled 55.6 billion aluminium cans in 2001, for a
beverage can recycling rate of 55.4 per cent, and the industry paid
out $850 million to recyclers for their used aluminium beverage
cans.
UK supermarket chain Asda has won a victory in its legal battle
with Italian ham producers after an adviser to the European Union's
highest court said it could sell prosciutto under the Parma ham
name - even if the product was...
Tyson Foods is voluntarily recalling about 800 kilograms of fully
cooked, frozen chilli tortilla product that might be contaminated
with pieces of plastic, the US Agriculture Department has said.
The Procter & Gamble Company has announced that Hunan Kinglong
Bio-resources Co. Ltd. (Kinglong) will be the exclusive Chinese
licensee for P&G's proprietary Lo Han Guo processing
technology.
Coca-Cola Enterprises, the world's biggest bottler of Coke, is
switching to a box that stacks six rows two cans deep, with the
idea that a longer box will fit better in refrigerators.
Amcor Ltd. (AMCR), the world's fourth-largest packaging company,
continues to play an aggressive role in global industry
consolidation, recently announcing that it will acquire Tobepal SA,
the flexible packaging and extrusion...
Tyson Foods Inc., the largest U.S. producer of beef, chicken, and
pork, said on Monday fiscal second-quarter results turned to a
profit as sales rose sharply, boosted by its acquisition last year
of top meatpacker IBP Inc.
A recent report published by The Wall Street Transcript reveals
that the packaging sector, and in particular food packaging, is
currently a steady investment because of its almost guaranteed
long-term performance.
Despite being relegated as the biggest industry in Mauritius, the
sugar industry continues to harvest 600,000 tonnes each year, the
majority of which is exported in its raw state to supply the global
food processing industry.
M.J. Maillis Group has announced the acquisition of stretch
wrapping equipment manufacturer Wulftec International Inc., of
Ayer's Cliff, Québec, Canada.
US Food distributor Fleming Cos., struggling with the bankruptcy of
its biggest customer, Kmart Corp., said Wednesday it is paying $430
million (€475million) to buy two companies that supply convenience
stores.
The Brazilian exports of chicken meat reached more than 80
countries. Poultry raising has been increasing over the last 25
years in Brazil, which has become the second major exporter
worldwide. Brazil represents 18 per cent of the...
Rexam Beverage Can Americas, a division of global consumer
packaging giant Rexam has implemented a business intelligence
solution from Cognos to provide reporting and analysis capabilities
across the enterprise, strengthen customer...
IPER, an Italian supermarket chain, announced this week that it has
launched a natural-based packaging alternative for its thermoform
containers and heat-sealable film overlays.
Output of filled extruded snacks can be improved by 50 per cent
with the introduction of 6-stream dies for co- and triple-extruded
snacks, claims APV Baker.
FKI improves energy efficiency and enhanced levels of control with
packaged FID 3000 drive systems on the brine and water pumps
feeding production line chillers.
Henkel Loctite Adhesives has developed a range of NSF Registered
maintenance products that are specially formulated for use in the
food processing industry.
Stora Enso said on Tuesday it had not yet seen any sustained
recovery in the markets after the world's second biggest paper and
board producer posted weaker first-quarter profits
Bread, biscuits, crisps and french fries, foods frequently eaten by
millions of people around the world, contain alarmingly high
quantities of a cancer-causing chemical, according to Swedish
research released this week. The research...
Movers and shakers from the world of packaging streamed through the
doors of Interpack 2002 in Dusseldorf, Germany on Wednesday to
participate in one of the world's leading packaging trade fairs.
A new materials handling unit for the food industry has been developed by the UK-based Syspal group. The Syspal Carousel is designed for end of line...
Sonoco, the largest US manufacturer of high density polyethylene
(HDPE) bags for the grocery, retail and convenience store
industries, has announced that it will close its bag plant in Santa
Maria, California, and consolidate those...
Chesapeake, the Virginia-based supplier of speciality paperboard
and plastic packaging, slipped into the red in the first quarter of
2002 with net losses of $0.3 million (€0.34m) compared to profits
of $0.3 million a year earlier.
