Swedish oils and fats firm Karlshamns, which saw its profits slip
at the end of 2003, has acquired UK flaked fats company Kelanco,
and with it a drive into value-added speciality fats for the
booming UK convenience food market.
Intensified competition in the ingredients marketplace and
disappointing orders for Cocoa Butter Equivalents (CBE) following
the new chocolate rules leads to job losses at Danish fats and oils
firm Aarhus United.
Hardening competition in the vegetable oil industry saw margins
cropped for Swedish oils and fats company Karlshamns in the first
half of 2003. The group stressed that overall results were knocked
by 'a tougher economic climate...