French vegetable processor Bonduelle has booked an increase in full-year earnings, with sales growth outside of Europe offsetting weakness on the continent while cost cutting initiatives and lower financing costs boosted the bottom line. ...
Tags: vegetable processor, net income, Bonduelle
Agribusiness giant Bunge has booked a jump in third-quarter income, which more than doubled as sales benefited from rising grain prices. The company said net earnings in the three months to the end of September rose to US$289m, up from ...
Tags: Agribusiness, grain prices, grain, grain trader
Chinese meat processor Zhongpin saw its half-year net profits slump 36% despite posting a rise in revenues. Net income attributable to Zhongpin shareholders for first six months of the year ending 30 June was US$23.2m, compared to $36.2m ...
Tags: Zhongpin, half year net profits, revenue rise, gross profit margin
US food group Campbell Soup Co. has recorded a drop in first-quarter earnings as costs related to its acquisition of Bolthouse Farms hit profits. In the three months to 28 October, net earnings amounted to US$265m, an 8% drop on last ...
Tags: Campbell Soup Co., Q1, Earnings
Canadian food and drink manufacturer Lassonde Industries has booked an increase in first-half profits. In the six months to the end of June, earnings climbed 16.8% to C$21.6m (US$21.7m). The acquisition of juice firm Clement and Pappas & ...
Tags: food manufacturer, drink manufacturer, profits, food, drink
Spot polyethylene and polypropylene prices in Turkey were firmer this week as buying appetite picked up ahead of the increased duties that will take effect next month, sources said. From January 1, import duties for high density ...
US pasta and pesto manufacturer Armanino Foods of Distinction has booked an increase in third-quarter profits and sales, driven by growth in all areas of the business. In the three months to the end of September, net profit climbed 16.5% ...
Tags: Armanino Foods, pasta, pesto, Foods
US natural and organic retailer Whole Foods Market booked a 49% jump in fourth-quarter profits to round off a year in which earnings increased by more than a third. Whole Foods posted net income of US$112.7m for the three months to the ...
Tags: Whole Foods Market, natural food, organic food, food industry
Bloomberg reported that South Africa’s Cabinet endorsed measures that seek to cut local steel prices including the possibility of new export taxes on steel and iron ore. A group set up by the Department of Trade and Industry in 2010 ...
Tags: South Africa, steel price, steel, iron
Smurfit Kappa has announced that it has completed a deal to buy corrugated firm Orange County Container Group (OCCG) for $340m OCCG has operations in northern Mexico and the southern United States. OCCG employs 2,800 people (2,000 of ...
MNA reported that Iran has been named the new chair of the Gas Exporting Countries Forum and will host GECF summit in autumn 2013. Leaders of the world's biggest gas suppliers ended their first summit in Doha, Qatar on November 13. During ...
Tags: GECF summit, Gas Exporting Countries Forum, gas, natural gasoil
PTI reported that after a massive crackdown on illegal mining, Odisha is working on ways to provide long term iron ore linkages to steel firms located in the state through the state run Odisha Mining Corporation. According to officials, ...
Tags: Odisham, steel company, steel ore
Intertape Polymer Group, a packaging products firm, said it would shift its shrink film production business to Tremonton in Utah from Truro in Nova Scotia. Intertape is also planning to close its tape manufacturing facility in Richmond, ...
Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal. According to the ...
Tags: copper, supply shortage, metal, mines extract, slowing growth
In one of the most hotly contested elections in recent history, auto glass shop owners in several key battleground states react to how they think today’s election will affect the auto glass industry. Similar to the majority of ...
Tags: election, auto glass shops