Maple Leaf Foods has agreed to buy Canadian hog production firm Puratone, a deal the food group said would provide a "consistent supply" to its value-added meats business. The C$42m transaction includes livestock, facilities and interests ...
Tags: hog, Puratone deal, Foods, food group, meats business
Canadian food group Maple Leaf Foods has booked a drop in third-quarter earnings due to the write-down of certain assets. Maple Leaf earnings fell to C$32.6m (US$32.6m), down from $43m last year, the company revealed today (31 October). ...
Tags: food group, food, earnings, profit
Dutch meat supplier Vion has announced it wants to quit the UK, a market it has said suffers from over-capacity and "extremely challenging" trading conditions. Vion said today (19 November) it is already in "detailed discussions with a ...
Tags: Meat giant, Meat, Dutch meat, meat sector
Food giant Heinz has extended its UK sauces range with the introduction of a range of ketchups in a jar. Designed with adults in mind, Heinz said the range aims to drive new usage occasions by allowing consumers to "spoon a generous ...
Russian meat processor Cherkizovo has reported a jump in first-half earnings as profits from each of its three businesses increased. Net income was up 56% to RUB2.95bn (US$94.4m) for the period to the end of June. Operating income ...
Tags: Meat, meat processor, Net income, meat processing
US firm Land O'Lakes has launched Saute Starter, a seasoned butter and olive oil product that can be used to both cook and flavour meats. The company said that the product is aimed at "moms with growing families", providing a quick and ...
Tags: Land O'Lakes, butter, olive oil product, food industry
The US government has again cut its forecast for corn yields as the impact of the worst drought in the country for 50 years becomes clearer. Washington said the US corn yield is set to be the lowest since 1995-96, sending futures to a ...
Tags: US government, corn yields, drought, food industry
Shares in Tyson Foods fell today (6 August) after the US meat giant lowered its forecast for annual sales and warned grain costs would weigh on profits in its next financial year. Tyson, which reported mixed third-quarter results today, ...
Tags: Tyson Foods, sahre, meat industry, grain cost, food industry
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
Speech by the Governor Liaoning is an important interface-link between the Chinese Northeastern Economic Zone and Bohai Economic Rim. It is located at the south of the Northeastern region of China; it faces the Yellow Sea and Bohai Sea in ...
Tags: Liaoning Province, survey, economy, investment
Smithfield Foods today (6 December) reported a slump in second-quarter profits but the US pork group's shares rose as underlying earnings beat forecasts. The company booked a 91% drop in net income for the three months to 28 October after ...
Tags: Debt, charges, Debt Charge
US deli meats producer Columbus Foods has expanded its product range to include a ‘Farm to Fork Naturals' line. "Mminimally processed and free of antibiotics and additives, the range has been created in repsonse to "consumer desire ...
II . Economy i. GDP The GDP of Sichuan province in 2005 reached 738.511 billion Yuan, per capita GDP achieved 9,060 Yuan. The volume of primary industry, secondary industry and tertiary industry accounted for 149.57 billion Yuan, 305.27 ...
Tags: Sichuan, business, introduction to Sichuan, Sichuan economy, survey
Speech by the Governor Sichuan, hometown of Deng Xiaoping, is famed for the' heavenly land'. In the upper reaches of Yangtze River, the province lies in the hinterland of Southwest China, covering an area of 485,000 sq km with a total ...
Tags: Sichuan, business, introduction to Sichuan, Sichuan economy, survey
Chinese state-owned agribusiness and food processor COFCO has sold its 5% stake in US meat giant Smithfield Foods. Smithfield said on Friday (16 November) it had paid US$148m for COFCO's 4.95% stake. COFCO bought the shares in ...
Tags: Stake, Smithfield Foods, future business