Swiss processing and packaging equipment provider SIG has reported a
significant increase in its net profits for the first half of the
year, a result that sees the company pulling itself out of the red.
The improvement came despite...
Glenmorangie, the UK's most popular malt whisky brand, is on the
verge of changing hands, with the confirmation today that the
company's leading shareholders, the Macdonald family, are looking
to offload their shares.
Singapore-based http://www.apb.com.sg/Asia Pacific Breweries (APB)
has continued its steady sales growth for its operations in the
region, after returning third quarter results that pushed the
company's revenue for the first...
Japanese functional food ingredients firm Taiyo Kagaku is set to
increase its share of global green tea sales with the recent
acquisition of Chinese green tea extract manufacturer Wuxi Green
Power Bio-Product.
The Macallan, the third largest single malt Scotch whisky brand in
the US, has introduced The Macallan Fine Oak as part of a concerted
strategy to consolidate its position in the North American market.
Heineken has
today confirmed that it has acquired 100 per cent of the Russian
group Central European Brewing Company (CEBCO), giving it a
controlling stakes in two of Russia's leading brewery facilities.
Italy's antitrust authority says that it has fined packaging giant
Tetra Pak €95 million for not respecting a ban it had imposed in
Aug 1993, which barred Tetra Pak from acquiring Italpack.
Slight growth for Danish enzymes giant Novozymes in the first half
of the year with Europe providing steady returns but US market
knocked by the popular low carbohydrate diet that has hit the
baking industry.
Packaging firm Krones has reported increased sales for the first
half of 2004, but the return on sales has been hit by the steep
increases in raw material prices.
In reaction to the continued buy up of shares in Sun Interbrew
by a Russian investment company, parent company Interbrew has responded by announcing measures to
control the sale of voting shares. The move has been made in an
effort...
The competitive world of xanthan gum saw a new player enter the
already crowded market this week when US chemicals firm Huber
announced it would buy the world's number one xanthan gum supplier
CP Kelco. Huber steps into the leading...
Marketing and sales strategy pays off for UK-based firm Muntons
Malted Ingredients (MMI) with turnover increasing more than three
times in as many years.
Ending a long running lawsuit the US unit of UK starch and sugar
group Tate & Lyle will pay out £55 million (€89m) to settle an
anti-trust lawsuit on high fructose corn syrup, a popular sweetener
used by soft drinks giant Coca-Cola...
The world's fifth largest brewer will see the light later this year
with the merger of Canada's Molson group with its US counterpart
Coors - a 'merger of equals' to create a company with sales in
excess of 60 million...
British drinks group Merrydown has come a long way since its
restructuring in 1998, in particular moving steadily into the adult
soft drink brand with its highly successful Shloer brand in a bid
to offset dwindling cider revenues....
French drinks group Rémy Cointreau has reported double-digit growth
in the first quarter of 2004, driven by strong gains in Asia and
the US, but continued weakness in its domestic market took a toll
on Champagne sales.
Two of the best-known names in the North American beer market are
considering joining forces in a bid to bolster flagging
performances and generate growth in an increasingly tough market.
But will the "merger of equals"...
The extended alliance between Alfa Laval and the Sartorius Group
underlines the growing popularity of the crossflow filtration
concept in brewing, with processors moving away from traditional
methods of filtration.
Carlsberg
and the Danish Industrialization Fund for Developing Countries
(IFU) have drawn up an agreement with Lanzhou Huanghe Enterprise
Group to acquire 50 per cent of the LanzhouHuanghe Brewery's
operations in the Gansu...
US-based Alcoa
has completed construction of a new plant in Hangzhou, China, for
its Closure Systems International (CSI) business, feeding growing
demand for closures in both the domestic and Japanese markets.
San
Miguel has started construction of a new beverage manufacturing
facility in Java, Indonesia, as part of its aim to further expand
its operations beyond the domestic Philippines market and into the
Asia Pacific region.
Sun Interbrew has confirmed the sale of its 99 per cent stake in
OJSC Bavaria to the brewery management for an undisclosed sum, in a
deal that goes against the companies policy to continue its rapid
expansion onto the Russian beer...
Cheaper sugar ingredients could be on the way for food makers as
rumours continue to circulate about the proposed new rules to the
EU sugar regime that could open up the protected European market,
prompting Danish sugar giant Danisco...
UK ingredients maker Tate & Lyle faces paying out a hefty sum
as the sweetener firm seeks to settle a US lawsuit alleging that
its US unit AE Staley played a role in fixing the price of high
fructose corn syrup, a sweetener used...
Interbrew has acquired a 70 per cent controlling interest in
Zhejiang Shiliang Brewery Company, located in the Yangtze Delta,
strengthening its leading in China's Zehjiang province.
The less than sparkling, but stable, full year results for Danish
ingredients giant Danisco mirror the current state of play for
ingredients companies in today's market marked by squeezed margins,
higher raw material prices and...
Owens-Illinois (OI) has received approval from the European
Commission for its previously announced acquisition of BSN
Glasspack, a move that will make the firm the largest glass
container manufacturer in Europe.
US food and beverage giant PepsiCo has installed a primary business
platform from SAP to unify its operations, standardise its
processes and increase efficiency across all its divisions.
Stora Enso's Russian subsidiary Stora Enso Packaging VR has
inaugurated its second Russian corrugated packaging mill at Arzamas
in the Nizhny Novgorod Region, situated some 400 kilometres east
from Moscow. The mill has been built...
The San Miguel Corporation has signed an approval of a license to
produce beer in Thailand, a deal that will allow the entry of the
Philippines-based brewer's beer brands into the fast-growing Thai
beer market.
COFCO Coca-Cola Beverage said it has begun construction of a $12
million new production facility in Lanzhou's high technology
district, in the central western region of China.
Efes Breweries International (EBI) has confirmed that it will float
on the London Stock Exchange, following a 57 per cent growth rate
over the last two years.
Competition in the Australian beer market has been stepped up with
the announcement that wine and beer group Lion Nathan will make and
sell and Heineken Lager in Australia through a joint venture with
the global Dutch brewer.
Campari, the global player in the spirits sector, has reported an
acute increase in sales for the first quarter of 2004. The weak US
dollar had an affect on the company's results but it witnessed good
organic growth spurred on...
Pernod Ricard, the world's third largest wine and spirits group,
has reported a slight dip in sales for the first quarter of 2004.
The group's established brands performed well in the US and Asia
Pacific regions, but its...
Interbrew, the leading global brewer, has posted a sharp increase
in sales for the first quarter of 2004. The performance of its key
global brands, Stella Artois and Beck's, helped the group to
achieve an organic growth of 11...
Last year's stockpiling of bottled water in advance of the Iraq war
had a beneficial effect on first quarter sales at Nestlé Waters,
the Swiss-based bottled water group, but meant that this year's
figures showed a significant...
Cobra Beer is probably the UK's best known Indian beer brand, with
its outsized bottles gracing the menus of Indian restaurants the
length and breadth of the nation. But despite its Indian heritage
and image, the beer is not...
Sunny Delight, the much-maligned soft drink from Procter &
Gamble, is to be sold to a US-based private equity group as part of
P&G's decision to focus on its snacks and coffee units.
In order to ensure sustained improvement, packaging giant Krones
yesterday proposed the conversion of non-voting preference shares
into Krones ordinary shares. The company believes that the
liquidity of the Krones stock will be enormously...
Burgeoning Irish food ingredients group carves deeper into the US
market announcing it will buy into fast growing 'lifestyle'
beverages through the acquisition of two US companies, Oregon Chai
and Extreme Foods.
InterContinental Hotel's is to dispose of its juice drinks company
Britvic. Pepsi who owns a minority stake in the company has vetoed
the disposal in the past - but this time observers estimate that
the company could be sold...
A tight focus on core wine and spirit brands helped French luxury
goods group LVMH combat the persistent effects of adverse currency
exchange rates in 2003.
The biggest South American and European brewing groups have today
announced a merger which will catapult them into the number one
position in the global brewing rankings and further quicken the
pace of industry consolidation.
Beer giant Carlsberg plans to reduce debt before completing further
acquisitions. The company has said that after the debt is better
managed investment in the Balkans and in China may be on the cards.
US federal investigators are investigating Coca-Cola's dealings
with Japanese company Takasago International in connection with
allegations of channel stuffing. It is alleged that the beverage
giant overstated financial results...
Belgium based brewers Interbrew, and Carlton and United Breweries
(CUB), have signed a distribution agreement which enables CUB to
import, distribute and market Interbrew's global specialty brands -
Leffe and Hoegaarden.
