Nestlé will be forced to drop the Swiss cross from 80 products manufactured in Switzerland following a new law on 'Swissness' set to come into force in January next year. "This is very unfortunate," the head of Nestlé Switzerland has...
Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.
Flavours and fragance house Givaudan, while posting third quarter results, said its decision to increase its prices will soften the impact of higher raw material input costs for products such as citrus and orange oil in 2011 and fully cover them in 2012.
A strengthened positioning in Switzerland and an extended product portfolio are two benefits that new acquisition Nutribake will bring to the Bakels group, said the firm.
The snack and sweet goods category delivered double digit gains for flavour and fragrance house, Givaudan, which recorded overall sales of CHF 3,283m in the first nine months of 2010.
The acrylamide-reducing enzyme Preventase has been granted approval
for use in Switzerland, marking a new step down the road towards
industry-wide adoption for biscuits and other baked goods.
Nestle doesn't expect raw material prices to rise further this
year, despite a recent FAO report that forecasts an increase of
over 2 per cent in the world food import bill in 2006.
Givaudan, the world's number one fragrance and flavour player, saw
sales in its flavour division slipping by 6.5 per cent for the
first quarter, impacted by a loss of products and a fall in prices,
writes Lindsey Partos.
Coca-Cola Hellenic Bottling, the second largest bottler of
Coca-Cola products, has announced that it will buy the Swiss
mineral water bottling company Valser Mineralquellen.
