MeadWestvaco reported a year-on-year decline in its Q2 food and beverage and Industrial profits and warned it expected lower earnings in Q3 due to weak global demand.
Increased use of enzymes by brewers and demand for baking enzymes in emerging markets have helped Novozymes achieve impressive sales growth in its food division in the first half of 2008.
Operating profit was flat while sales rose only two per cent in
real terms for Unilever, which said yesterday its profit rose six
per cent in the first quarter of this year.
Royal Ahold's sale of Deli XL to South Africa-based Bidvest of
South Africa was cleared yesterday by the European Commission,
serving as a sign another investment company sees opportunity in
Europe's stagnant food marketplace.
A substantial increase in goodwill amortisation costs pushed down
operating profits at Irish baked goods and agribusiness group IAWS
in the first half. But sales increased during the half, even after
the impact of currency movements,...
German-based technology firm Linde Group has reported a Q3 rise in
profits from July to September 2003 despite tough economic
conditions and negative currency effects. The company said that all
business segments contributed to driving...
It's been a good year for global packaging giant Pactiv. The firm
recently acquired the plastic packaging assets of Rock-Tenn, and
was even named as one of the US's safest companies. It would appear
that 2003 has brought...
Parmalat's sales in the Americas have been affected by the
appreciation of the euro against the US and Canadian dollar during
the first half, with bakery sales noticeably down.
Domnick Hunter, supplier of processing equipment, has reported that
its profits for the first half of the year rose substantially on
the back of increased sales turnover.
Disappointing results from French food and drink group Danone saw
biscuit sales dropping 6 per cent to €1.5 billion. However, they
would have risen by 1.1 per cent on a like-for-like basis.
Having been on the verge of bankruptcy just eight months ago, Crown
Cork and Seal are now well on the road to recovery, after an
intensive period of cost cutting and selling off a number of its
less profitable divisions.