Global demand for containerboard is forecast to rise over the next 15 years with Chinese consumption, expected to increase by nearly 7 per cent, leading the growth, according to a new report from RISI; the organization dedicated to providing information...
Bunge has begun construction on a new grain export terminal it claims will be the first such structure to be built in North America for twenty years as part of attempts to meet strong Asian demand for its products.
Food and beverage companies should look to Asia to bolster their business in times of economic crisis, while differentiating their products closer to home, according to a Frost and Sullivan analyst.
Food and beverage packaging supplier, Borealis, reported a fall in pre-tax profit to €239m for 2008, down 55 per cent from the record profit of 2007, but it maintained that its results were solid despite the deteriorating market conditions.
Sara Lee has announced that it will slash 700 jobs from its global workforce and outsource parts of its North American and European finance and information services groups.
Rising raw material costs such as wheat and energy have not crimped sales growth for Illinois-based Sara Lee Corporation which has notched a 10.3 per cent jump in fiscal 2008, with its international bakery division growing strongly.
Two UK food processing and packaging equipment manufacturers, Wright Machinery and Double D Food Engineering, are to join forces with US companies to extend their global reach.
PepsiCo today announced it will split its
operations into three separate units in a move to better
harness the growth of its snack and beverage businesses.
Dutch company CSM will continue to concentrate
its manufacturing in the US by transferring the production of
a subsidiary to other CSM North America plants.
Zurich-based chocolate manufacturer Barry Callebaut said today
that like-for-like sales increased 6.1 per cent in
the nine months to 31 May, despite the unstable cocoa
market.
UK-based RPC Bramlage-Wiko has set up shop in small town
Pennsylvania, providing US processors with another source of rigid
plastic packaging for their products.
Allied Starch & Chemical (ASC) has acquired Californian-based
firm Ingredients Unlimited as part of its plan to capitalize on the
lucrative North American tortilla market.
The demand for newer, flashier packaging, especially for
foodstuffs, has spurred the demand for the services of contract
packagers, said Frost & Sullivan in a new analysis of the North
American market.
Rock-Tenn has completed the acquisition of the assets of Gulf
States' Paperboard and Packaging, including 11 folding carton
plants that primarily serve the food packaging, food service and
pharmaceutical and health and beauty...
A rugged, high-impact resistant packaging application has been
developed for suppliers wanting to minimise breakage and waste
during shipping and transporting.
CCL has transformed itself into a pure speciality packaging company
with the Cdn $265 million (€164m) sale of its North American CCL
custom manufacturing division to KCP Income Fund.
South American and Asian yeast markets bring strong gains in the
first half, offsetting weaker markets in the US and Turkey,
London-based sugar and ingredients group Associated British Foods
reports today, writes Lindsey Partos.
Good foresight on rising health trends and heavy investment in
premium brands have helped cereal and snack producer Kellogg to a
steady sales and earnings rise for 2004, with North America leading
the way, reports Chris Mercer.
Kellogg reported a solid 7 percent increase in its earnings for the
third quarter with the North America region also putting up a
strong performance thanks to the successful introduction of new
product lines.
Enodis, the world's largest manufacturer of commercial foodservice
equipment such as ovens and mixers, reported better profits but
slightly worse sales due to the weak dollar, increased steel prices
and difficult UK and continental...
Crown Holdings' shipment of the 25 billionth SuperEnd beverage end
in North America underlines the current key concerns of beverage
packagers and manufacturers - cost effectiveness, waste reduction
and processing efficiency.
A new report suggests that competition in the European organic meat
industry is increasing, as the market begins to suffer from
overcapacity. This follows another report that linked the
popularity of organic meat in North America...
Public concern over BSE outbreaks is set to boost sales of organic
meat products in North America, according to a new report. But
North Americans have not historically been as influenced by food
scares as their European counterparts.
The North American meat market remains as buoyant as ever, despite
animal health scares that have dominated the news for the past few
months. Diet and a lack of public hysteria towards outbreaks of BSE
and Avian flu have been identified...
German company Weener Plastik Packaging Group has entered into a
strategic alliance with Canada-based CCL Industries, a global
developer and manufacturer of packaging and labelling solutions.
Both businesses believe that the arrangement...
Things aren't looking so good at the moment for Stora Enso. The
company has reported a sharp drop in third-quarter operating
profit, and believes that recovery is some way away. "The
long-awaited recovery in demand for forest...
Bunge North America has announced that its subsidiary, Bunge
Milling, has acquired ConAgra Foods' Atchison corn dry milling
plant and related grain elevator in Kansas.
The appreciation of the euro against both sterling and the US
dollar took the shine off an otherwise excellent set of results for
Irish bakery group IAWS in 2003.
Cargill and Riceland Foods have announced their intention to link
up to manufacture, market and sell lecithin products to food,
pharmaceutical, and technical customers.
Ball, Daiwa Can Company and Mitsui have entered into an exclusive
agreement for the sales and distribution of Daiwa's New Bottle Can
beverage container in North America.
US flavours and fragrance giant International Flavors &
Fragrances saw fourth quarter 2002 sales rise 5 per cent to $424.3
million (€391m) from $405.6 million for the same period in 2001,
despite weak economic conditions in Latin...
Huhtamaki, the Finland-based consumer packaging specialist with
worldwide operations, has unveiled a new organisation structure for
its European and North American operations, aimed at increasing its
business reach.
Canadian group Premier Tech is to acquire Chronos Holdings, a UK
company specialising in packaging systems and equipment for powders
and granular material.
Stora Enso has said that it will take a €1.15 billion charge to
help turn its loss-making North American unit to profit as the
world's top paper and board maker grapples with tough economic
conditions.
Liqui-Box Corporation has announced that Liqui-Box shareholders
voted in favour of the previously announced proposal whereby DuPont
Canada's wholly-owned subsidiary, Enhance Packaging Technologies
will acquire all of the outstanding...
UK-based food equipment manufacturer Enodis has announced group
profits before tax of £11.3 million (€17.8m) for the first six
months of the financial year ending in March. In a relatively weak
global market, analysts have described...
M.J. Maillis Group has announced the acquisition of stretch
wrapping equipment manufacturer Wulftec International Inc., of
Ayer's Cliff, Québec, Canada.
US company Corn Products International, Inc. has reported total net
sales for the first quarter of 2002 were $432 million (€486
million), down five per cent from $454 million in the same three
months last year, but up one per cent...
Alcoa, the US packaging group which makes the Reynolds and Baco
food wrap brands, is to buy the Chicago-based Ivex Packaging
Corporation for around $790 million, broadening its presence in the
food packaging sector.
