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Company News
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Ahold Has Booked a 3% Drop in Net Income During The First Quarter of 2012
Dec 12, 2012Ahold has booked a 3% drop in net income during the first quarter of 2012 as the retailer invested in price cuts in the face of weakening consumer sentiment in Europe and the US. First-quarter net income fell 3.1% to EUR282m (US$352m), ...
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Brazilian Retailer CBD Has Booked a 7% Increase in Quarterly Same-Store Sales
Dec 12, 2012Brazilian retailer CBD has booked a 7% increase in quarterly same-store sales thanks to its food and non-food outlets. CBD, Brazil's largest retailer, reported a 7.1% in gross same-store sales for the third quarter of the year. The ...
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Swiss Food Manufacturer Huegli Has Blamed Higher Commodity Costs for a Plunge
Dec 12, 2012Swiss food manufacturer Huegli has blamed higher commodity costs for a plunge in half-year profits. The firm, which makes organic consumer brands and supplies other food manufacturers, as well as retailers and foodservice operators, ...
Tags: Huegli, commodity costs, plunge, half year profits
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Mars Inc's Wrigley Is to Relaunch Its Skittles Confectionery Brand in The UK
Dec 12, 2012Mars Inc's Wrigley is to relaunch its Skittles confectionery brand in the UK in the New Year with a range re-design and an extra product. The GBP5m relaunch will see the company launch a Skittles Confused variant, whereby the colour of ...
Tags: Mars Inc, new product, Skittles, food industry
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A Manufacturer of Engineered Plastic Components Was Running Into Problems
Dec 12, 2012A manufacturer of engineered plastic components was running into problems when fabricating bed liners for dump trucks. The liners were made of three separate plastic panels, which were welded together and formed into rolls. The panels, each ...
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Saputo Has Recorded a Drop in First-Half Profits,Hurt by "Unfavourable" Market Conditions
Dec 12, 2012Canadian dairy firm Saputo has recorded a drop in first-half profits, hurt by "unfavourable" market conditions in the US and an increase in the cost of milk in California. Earnings amounted to C$251.5m (US$251.8m) in the six ...
Tags: Saputo, milk price hike, dairy firm
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Mars Chocolate Opened a New GBP6m Research and Development Facility in Slough Today
Dec 12, 2012Mars Chocolate today (25 September) opened a new GBP6m (US$9.8m) research and development facility in Slough. The company said that the "state of the art" site would be responsible for delivering new products to European markets and ...
Tags: Mars Chocolate, Slough, research and development, food company
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Huegli Has Said Its 2012 Profits Will Not Hit Its Forecasts After a Drop in Sales
Dec 12, 2012Swiss food manufacturer Huegli has said its 2012 profits will not hit its forecasts after a drop in sales in recent months. Huegli, which makes products from soups to desserts, saw revenues increase in the first half of the year but ...
Tags: Huegli, profits, sales drop, food industry
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BASF and Ciech Announced The Acquisition of Parts of Ciech's Global Tdi Business by BASF
Dec 12, 2012BASF and Ciech announced the acquisition of parts of Ciech's global TDI(toluene diisocyanate)business by BASF.The acquisition is subject to approval by the appropriate antitrust authorities.Closing of the transaction is expected in the ...
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The Company Embarked Upon The Design and Development of Its DigitL Pneumatic Hand
Dec 12, 2012An innovative, all-pneumatic robot hand that uses Zipper-style cable carriers in its finger joints won the "Special Design" award in the igus® vector® 2012 competition, which honored those implementing polymer cable carriers in ...
Tags: Pneumatic Hand, all-pneumatic robot hand, cable carriers
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Expansion Into Russia Has Hit Profits From Finland-Based Retailer Kesko's Food Division
Dec 12, 2012Expansion into Russia has hit profits from Finland-based retailer Kesko's food division in the first half of the year. Kesko, which is looking to open its first food stores in Russia, said operating profit excluding non-recurring items ...
Tags: Kesko, food division, food retailer, food industry
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Canadian Retailer Sobeys Has Booked an Increase in Full-Year Profits
Dec 12, 2012Canadian retailer Sobeys has booked an increase in full-year profits. In the 12 months ended 5 May, net profit was up 2.3% to C$304.1m (US$296.6m). Adjusting for the additional week of operations at Sobeys in fiscal 2011, net earnings ...
Tags: Sobeys, increase profits, net earnings
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A Garlic Smuggler Was Sentenced to Six Years in Prison for Evading Tax
Dec 12, 2012A garlic smuggler who resided in the UK and was sentenced to six years in prison for evading tax has gone on the run. Murugasan Natarajan, 57, who owned the London-based Perfect Imports & Exports company, was found with around 7,000kg ...
Tags: garlic, tax, food industry, food market
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Seam Sealing Systems Has Selected Meltric's Decontactor Series Switch-Rated Plugs
Dec 12, 2012Seam Sealing Systems, Inc., a manufacturer of pavement repair vehicles, has selected Meltric's Decontactor Series Switch-Rated Plugs/Receptacles as the power connector of choice for the electric infrared asphalt heaters installed on its ...
Tags: Electrical Safety, pavement repair vehicles, Switch-Rated Plugs
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Honda Urban SUV Makes Its World Debut at The 2013 North American International Auto Show
Dec 12, 2012The first image of an all-new compact crossover,dubbed the Honda Urban SUV concept,is set to make its world debut at the 2013 North American international auto show in Detroit on January 14. Sharing its platform with the upcoming ...
Tags: Honda Urban SUV, 2013 North American international auto show, Detroit
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