The amount of EU research and development funds currently going to
the food industry should be doubled, the bloc's manufacturer's
association said yesterday, in releasing a study that painted a
grim picture of the sector's...
Tingyi, manufacturer of China's leading instant noodle brand,
MasterKong, said sales of its ready to drink beverages surged in
2005, and additional capacity being added this year will continue
growth from this segment of its...
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
In a bid to return its European operations back to an acceptable
level of growth, Unilever today put up for sale most of its
underperforming frozen foods businesses, which includes four
Prices for raw materials and energy are forecast to rise by around
five to 10 per cent this year, but Nestlé believes cost cuts will
balance the equation out, the company's chief executive said
The number one influence on whether to buy food processing
equipment was whether it lived up to its specifications rather than
whether it was too costly, according to a survey by amanufacturing
Price reductions for imported herring and tuna will bring needed
relief from recent hikes for many European processors, while others
will be paying more for their seafood supplies, according to Food
and Agriculture (FAO) forecasts.
Despite the launch of new health-conscious products, more
advertising spend and a bid to maintain competitive prices in
Western Europe, Unilever's sales and margins in the region
continued to tumble in the third quarter.
The EU's food industry is falling behind in comparison to its main
competitors, such as the US, and is especially weak on the use of
information communications technology, investment in researchand
development and innovation...
Biscuit consumption in China has soared in recent years, on the
back of changing consumer lifestyles and a general growth in
disposable incomes, according to a report published by Leatherhead
Food International (LFI).
Heinz is the latest company reporting continuing sales weakness in
western Europe, with the US multinational's first quarter results
in the region damaged by falling demand for its frozen and seafood
Unilever's second quarter results continue to indicate that future
growth in its home market, at least in the medium term, lies in the
east, as sales in western Europe continue to sit in the doldrums,
Awareness of the GI diet remains much higher in the AsiaPacific
region compared with other countries, finds a recent survey, which
confirms that most of the world's consumers are still more
interested in fat, calories and sugar...
Food makers and ingredients firms will benefit from a new European
platform that will prioritise research and development initiatives
to keep the €800 billion food and drink industry
competitive,reports Lindsey Partos.
Australia, the world's second largest wheat exporter, may be facing
up to a 30 per cent fall in its grain production this year, says a
report released yesterday by the Australian Bureau of Agricultural
and Resource Economies...
Packing machinery sales in the US are forecast to increase by seven
per cent this year to an estimated $5.91 billion (€4.7 billion),
with the upturn in the economy and the need to replace aging
equipment helping to consolidate a fourth...
The publicity craze surrounding nutritional content and labelling
has helped these two issues replace BSE as the biggest food
concerns among an increasingly sceptical British public - warning
the food industry to stay on its toes,...
Despite a slower final quarter, Austria-based packaging provider
Mayr-Melnhof has reported strong financial results for 2004, on the
back of a number of acquisitions the company has made in the past
year, writes Simon Pitman.