Kerry has announced a ‘solid’ financial performance for the half year ended 30 June 2014. Revenues grew to €2.9 billion on the back of continuing volume growth (2.7%) and pricing (0.6%).
Production has begun at a new whey and lactose production facility that is a joint venture between Denmark’s Arla Foods Ingredients and German dairy co-operative Deutsches Milchkontor (DMK).
Queensland Sugar Ltd (QSL), Australia's biggest raw sugar exporter, said on Thursday that a reduction in Indonesia's import licences has had no financial impact on the company.
Commodities trade house Enerfo has launched a sugar trading subsidiary and opened offices in London, Sao Paulo and Bangkok to expand its sugar operations, a company spokesman said on Monday.
Food ingredient distributor Processor's Choice will build a $10m facility in the Moody Commerce Park, Alabama, according to St. Clair County Economic Development Council.
Afriplex, producer and supplier of wellness product solutions from source to shelf, has founded a joint venture with Doehler, the global active specialist of ingredients and ingredient systems, located in Darmstadt, Germany.
Kerry Group has reported a 3% increase in first half trading profit to €275 million, reflecting 7.1% like-for-like growth, on revenue down 1.9% to €2.9 billion, impacted by the adverse currency factors.
Since the outbreak of E. coli O104:H4 food poisoning in 2011, shiga toxin-producing E. coli (STEC) strains have become a key area of concern for the food industry, notes Campden BRI
DSM has reported second quarter 2014 EBITDA from continuing operations of €293 million compared to €332 million in Q2 2013, and €272 million in Q1 2014.
More than 20% of the global population suffer from food allergy or intolerance. An environmental origin for these adverse food reactions is strongly suspected.
