Bakery ingredients group CSM issues profit warning
Dutch bakery ingredients supplier CSM has issued a profit warning, claiming it will not meet its earnings expectations due to lower spending from recession hit consumer.
Archives for October 10, 2011
‘Muscle’ foods packaging has strong flexible future: GIA
Flexible packaging is set to supersede rigid containers used for poultry, seafood and meat, in a world industry worth $31.4bn by 2017, according to a report from Global Industry Analysts (GIA).
Ethical labels: poll finds Fairtrade most widely recognised mark
New research indicates that Fairtrade is the most widely recognized ethical label globally, said the organisation behind the standard.
Hershey seeks stronger foothold in health & wellness market with more cocoa-based functional foods
More functional foods capitalizing on the health benefits of cocoa should hit shelves next year as confectionery giant Hershey seeks to gain a stronger foothold in the health and wellness market via its new Apure subsidiary.
Givaudan confident price hikes will offset crippling input costs
Flavours and fragance house Givaudan, while posting third quarter results, said its decision to increase its prices will soften the impact of higher raw material input costs for products such as citrus and orange oil in 2011 and fully cover them in 2012.
EU bio-packaging will remain niche despite massive growth
Green food packaging is likely to remain a niche product area despite massive growth in the European bioplastics industry, according to a world packaging authority.
Greggs on a roll
British bakery Greggs is managing to defy the high-street slump with price promotions, innovation and an increased focus on the take-home market.