Unusual weather around the world, including the drought this summer in the US, has led Fonterra CEO Theo Spierings to forecast an increase in global dairy prices in the first half of 2013. Spierings also pointed to weather events in ...
Tags: dairy price, dairy industry, food industry, Spierings
In order to take advantage of tariff preferences available in Vietnam such as Trans-Pacific Partnership(TPP)and other Free-Trade Agreements(FTAs),several textile and garment manufacturers worldwide are investing in textile projects in ...
Tags: tariff preferences, TPP, FTAs
Dutch-Italian confectioner Perfetti Van Melle has signed a marketing, sales and distribution deal with global market expansion firm DKSH for the launch of its products into Myanmar. The confectioner has entered into an agreement with ...
Tags: confectioner, soft chews, consumer goods
The UK garment manufacturers and retailers are hoping for a rise in demand for'Made in UK'garments and a recovery from its present downfall. Mr.Ian Maclean,managing director of John Smedley,told fibre2fashion,"There is rise in demand for ...
Tags: garment, Made in UK, John Smedley, luxury knitwe
Australian food manufacturer Goodman Fielder is to shut three bakery facilities in a bid to create a "more sustainable business" in the sector. Goodman Fielder, which is undergoing a major review of its operations to make it more ...
Tags: Bakery Plants, Profits, bakery facilities
New Zealand's largest electricity producer,Meridian Energy has resumed talks with Rio Tinto Alcan,the majority owner of the Tiwai Point aluminium smelter over Rio's request for changes to 18 year contracts for power supply that kick in on ...
Tags: electricity, Meridian Energy, Rio Tinto Alcan, power supply
Australian chocolate retailer Darrell Lea is set to close half of its stores, resulting in a loss of almost 200 jobs. The company's administrators, PPB Advisory, noted that 32 of the stores will close, leaving 198 casual, part-time and ...
Tags: Darrell Lea, close store, job loss, food industry
Swiss commodities trader Glencore International has announced that it has received approval from the Canadian government for C$6.1bn ($6.01bn) acquisition of grain handler Viterra. Glencore, which has been in discussion with the ...
Tags: Glencore International, acquisition, grain, Viterra
BluGlass Ltd of Silverwater, Australia says that it has received commitments totalling A$2.35m (US$2.45m) for a placement of new fully paid ordinary shares to institutional investors. When the placement is settled later this week, ...
Tags: BluGlass, commitments, placement, shares, purpose
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra
Merino pioneer Icebreaker is appealing to a new generation of customers by launching a new fit and grading system for all its garments.Populations'body sizes have changed over time,so the New Zealand-based company hired global fit experts ...
Tags: Merino pioneer, Icebreaker, fit and grading system, garment
Australian supermarket chain Woolworths is recalling Macro Wholefoods Market Organic Biodynamic Almonds due to Salmonella contamination. According to Food Standards Australia New Zealand (FSANZ), the product being recalled was sold in ...
Tags: Woolworths, recall, Salmonella contamination, food safety
The Forest Stewardship Council of Australia (FSC) has named third-party auditor SCS Global Services as 'Certification Body of the Year' at its 2012 excellence awards. SCS, which is accredited to perform audits under FSC's standards for ...
Tags: FSC, SCS, third-party auditor, forestry, chain-of-custody
As a former president of Corporate Express in the US, Jay Mutschler appreciated the value and potential of the company's Australian and New Zealand business, which was respected for its strong profits and high growth levels. When the ...
Tags: Corporate Express, strong profits, high growth levels, Staples
Fonterra has struck a deal to buy the processing assets of New Zealand Dairies, which went into receivership last month. Russian baby food group Nutritek acquired a majority stake in New Zealand Dairies in 2008 and aimed to use the ...
Tags: Dairies Assets, receivership