Linpac Packaging is investing an extra €3m in polyethylene terephthalate (PET) extrusion and automation at Ritterhude, Bremen, on top of €6m in the past two years spent there and at Beeskow, Brandenburg.
Kraft Foods has agreed to divest a controlling stake in its Back to Nature brand food business for an undisclosed sum ahead of the company’s split in October.
Ingredients supplier CSM has confirmed its decision to rid its European and US bakery businesses and reposition as a bio-based ingredients company, with plans to divest by the first half of 2013.
DS Smith said a fundamental shift in its material strategy coupled with the strong performance of its French subsidiary, cost cutting measures and volume growth all combined to produce buoyant full year results in what had been a 'pivotal' 12...
Nordson Corporation has acquired EDI (Extrusion Die Industries) Holdings for US$200m and described it as a “clear fit with our strategy of acquiring companies that provide differentiated precision technology.”
Amcor could soon be casting its net wider in the acquisition markets after a leader analyst estimated the packaging giant had a M&A war chest of A$1.7bn (€1.3bn, US$1.67bn) to boost its portfolio.
Food giant Nestle has recorded modest growth in 2011 driven by strong performance in China and other emerging markets leading its CEO to say wealth potential is moving from West to East.
Food packaging firm ILPA said its ‘leased’ takeover of fellow Italian company AMP Film and Packaging would allow it to become self-sufficient in the production of rPET with an annual capacity of around 10,000 tons.
The Indian government has released figures showing that Foreign Direct Investment (FDI) in the food processing sector fell significantly during 2010-2011.
Huhtamaki announced the completion its three-year strategic review of its rigid plastics operations and declared the company is in better financial shape and primed for growth as a result.
Bakery ingredients firm Puratos has announced plans to build a €22m site in China and production facilities in Spain and Mexico as it looks to seize upon strong growth in emerging markets.
Ecolab said it has completed the US$8.3bn (€6.4bn) takeover of Nalco as part of a strategy to tap into global mega-trends such as food safety and the need for industry players to maximize operational efficiencies such as energy and water reductions.
French chemical producer Arkema is hoping to create a major player in the European polyvinylchloride (PVC) industry through the divestment of its PVC division.
Bakery ingredients firm Puratos has announced that it will renovate and expand its manufacturing facility in Pennsauken, New Jersey to seize upon growing US sales.
Bosch packaging chief Friedberg Klefenz said talk of another economic downturn has failed to dent the company’s buoyant order books as he also forecasts strong growth in its Chinese operations.
Kraft has confirmed that it has chosen Cadbury’s site in Bournville as the site of a new chocolate centre to “drive new product development and new technologies” for chocolate brands.
NatureWorks said major investment plans now underway to expand and develop its manufacturing process will lead to high performing bioplastics and give it the economies of scale to compete with oil based plastics on price.
Border Biscuits is investing a further £2.5 million to increase manufacturing capabilities and plant capacity over the next 18 months as the Scottish biscuit maker targets a 50% turnover increase over the next few years.
RPC Group yesterday posted record year-end results thanks to growth in high end product sales, added revenue from the Superfos takeover and the completion of its wide-ranging efficiency programme.
Nestlé and General Mills’ joint venture Cereal Partners Worldwide (CPW) is investing €27m in a new Malaysian factory to enable the local production of Nestlé breakfast cereals in the country for the first time.
Food giant Nestlé is investing around €38m in a new cereals factory in Turkey on the back of increasing demand for the breakfast category in Turkish households.
Synergies arising from the acquisition of French rival Otor last September are paying off for DS Smith Packaging, according to its latest interim management statement.
Accelerated demand from emerging markets, shrewd management of raw material price hikes and favourable currency translations all contributed to a “solid” performance in 2010, said Huhtamaki.
The results of the inaugural FoodProductionDaily.com survey gauging the outlook for the food and drink processing industry reveal that commodity and packaging material price increases, the bugbear of the past few months, are proving a challenge for 80...
Leading beverage filling and packaging technology company Krones reported a number of drink makers signing on the dotted line at German trade show Brau Beviale last week, and we caught up with executive chairman of the board, Volker Kroneseder, to get...
Impress announced yesterday that it had invested in a new Drawn Wall Ironed (DWI) production line that will supply food cans to the French processed food market.
Leading Italian pasta maker Barilla is to sell off its German bakery chain Kamps to Equity Capital Management (ECM), a private equity group that invests in small and mid-size business.
Food and drink processors can achieve savings of up to 30 per cent on their water and effluent bills without even having to resort to major capital investments.
US firm Tasty Baking has completed the relocation of a production facility to what it claims is the world’s largest green bakery with the ability to boost production by 50 per cent.
Amcor is to merge its Australasian operations and North American packaging distribution division as it seeks to send a “strong signal to the market” over costs and service standards.
The bakery and confectionary division of Vivartia, Greece's largest food production company, is being bought by a group led by Saudi Arabia's Olayan in a move that is claimed will reduce the firm’s exposure to risk in a turbulent Greek economic...
Modernisation of India’s food industry to enhance the quality of the country’s meat and poultry products is urgently needed, according to the Minister of Food Processing Industries, Subodh Kant Sahai.
Plant closures, overhead reductions and improved procurement will be the major platforms for up to A$250m (€154.2m) of savings Amcor forecasts it will realise in the three years following its takeover of Alcan.
Pecan Deluxe Candy has invested in new equipment for its plant in the UK that will enable it to make chocolate shapes like pigs and monkeys, and expand its fair-trade chocolate range.
An affordable checkweight designed specifically for smaller packaging lines for wet environments that enhances return on investment (ROI) has been developed, said its manufacturers.
Members of the UK’s Water Saving Group have pledged on-going support to manufacturers, retailers and other businesses to help encourage efficient use of resources, despite formally ending their home water-saving activities yesterday.
The functional foods industry in France is booming, according to a
report from Invest In France that claims the sector attracted 7 per
cent of all new foreign investment projects in the country between
2002 and 2007.
Rising food prices are not a short-term problem so food
manufacturers must adapt accordingly, making wise strategic
choices, strengthening innovation and streamlining operations, says
a new report.
