Nestle has invested CHF121m (US$124.4m) in its facility in Goa, India in a bid to boost production capacity. The facility, which produces Kit Kat and Munch branded products, is expected to create around 250 jobs and increase the company's ...
Tags: Nestle, chocolate facility, sauces, noodles, bouillons
The week's two major stories broke within hours of each other on Wednesday - Tesco admitted it was "likely" to leave the US and Germany's Intersnack snapped up United Biscuits' salty snacks business. Elsewhere, ex-Tesco CEO Terry Leahy led ...
Tags: salty snacks, Intersnack, Hula Hoops, McCoy's, Skips, dairy, pork sector
US food giant General Mills has outlined a number of its global growth plans for its current fiscal year. Company executives yesterday (10 July) discussed plans that the company hopes will fuel growth in the US and beyond at a meeting ...
Tags: Growth Plans, fiscal year, fiscal 2013
Process control and yield management solutions provider KLA-Tencor Corp of Milpitas, CA, USA has launched its next-generation LED patterned wafer inspection tool. Designed specifically for defect inspection and 2D metrology for LED ...
Tags: KLA-Tencor, ICOS WI-2280, fourth-generation wafer inspector
The US International Trade Commission(ITC)announced the result of the anti-dumping and anti-subsidy investigation against China-based solar firms on November 7,2012.China-made solar cells will be subject to 14.78-15.97%anti-subsidy tariffs ...
Tags: ITC, China based solar firms, anti-subsidy tariffs, solar cells
French dairy group Danone has warned that its profits will be hit by weaker margins during fiscal 2012. Danone today (19 June) lowered its margins outlook for the financial year from "stable" to "down 50 basis points", citing a weak ...
Tags: margins outlook, Sales target, margins
The i2i market is a major opportunity for growth according to Samsung's Chief Strategic Officer,Young Sohn,speaking this morning at IEF 2012 organised by Future Horizons in Bratislava. "The sub-$100 computer is one of the biggest ...
Tags: i2i market, Samsung, Bratislava
ConAgra Foods is to expand a potato products plant in the US to meet growing demand at home and abroad. The company will add a production line to its Lamb Weston facility in Boardman in Oregon. The US$200m project is expected to be ...
ConAgra Foods has named former PepsiCo executive Bill Hutton as head of the company's consumer foods international business. Citing Hutton's FMCG experience in emerging markets, ConAgra also emphasised that he is adept at "creating value ...
Tags: consumer foods, international business, emerging markets
UK retailer The Co-operative Group has added to its food management team with the appointment of executives from Tesco and Asda. Matt Hood will join the Co-op next month as head of commercial trading for dairy, chilled prepared foods and ...
This week's featured reports from the just-food store includes research on consumer and innovation trends and opportunities in functional foods. TRENDS Experimentation: Consumer & Innovation Trends This report provides a unique blend ...
Tags: Consumer and Innovation Trends, Opportunities in Functional Foods
US food group Campbell Soup Co. is to shut two domestic plants, citing falling canned soup sales among the reasons for the move. Campbell will close a spice factory in New Jersey by March and a soup and sauce plant in California by July. ...
Tags: Us Plants, Soup, transition
US infant formula group Mead Johnson has booked an drop in third-quarter earnings, hurt by a slowdown in China. In the three months to the end of September, the company earned US$140.4m, down 3% on the prior year period. EBIT fell 11.8% ...
French retail giant Carrefour has sold its Malaysian operations to Japanese giant Aeon. The sale, announced today (31 October), was made for an enterprise value of EUR250m (US$324.1m). The transaction, Carrefour said, is part of its ...
Tags: Carrefour, retail giant, Aeon, transaction
Canadian food manufacturer Dare Foods has said it is focusing on the emerging BRIC economies for M&A opportunities and partnership or licensing deals as part of its international growth strategy. Dare Foods, based in North America, told ...
Tags: Canadian food, Dare Foods, domestic growth