Borealis said 2009 was a “tough year” as a demand slump saw its annual profits fall by 85 per cent. But the firm hailed its €38m net earnings as an “outstanding achievement” in the severe economic climate.
LyondellBasell Industries said it plans to close its polypropylene (PP) plant in Terni, Italy, as demand for the product continues to be hit by the global economic downturn.
Franz Haas Waffel said its acquisition of DFE Meincke Holding has given it a complete portfolio, withthe deal set to make it a major global player in the bakery sector.
Cargill has developed two new stabiliser ranges, including one for use in remotely prepared icings, which it claims simulate the easy-application properties of direct use icings.
With increased competition from Asia and high oil prices hitting
their margins, European plastic providers are changing the way they
operate by improving technical innovation and product branding;
adopting new price-management techniques,...
Nestlé, the world's biggest food firm, has taken out adverts in
Saudi Arabia to refute rumours that two of its dairy products are
Danish, as unlucky Arla Foods continues to suffer from 'those
cartoons'.
Equipment manufacturer TNA has launched a triple jaw version of its
groundbreaking Rotary Jaw bagging system. TNA claims that the
system can achieve speeds in excess of 220 bags per minute (bpm),
which is faster than any other bagger...
Eastern Europe, the Middle East and Africa are strong growth areas
for the flavours market while in western Europe low calorie and low
carb diets will continue to spur demand, claims a new report.
Ongoing growth in cultures sales to the dairy industry and health
markets helped the Danish ingredients firm Chr Hansen post a modest
rise in revenue for the food ingredients division in the first six
months. Organic growth for the...