US canned foods firm Seneca Foods has reported an increase in half-year sales, with price hikes offsetting a fall in volumes. Seneca, which owns the Libby's and Stokely's brands, yesterday (25 October) booked a 1.5% increase in net sales ...
Tags: canned foods, Libby's and Stokely's brands, licencing deal
US baker Flowers Foods has changed its forecast for annual earnings, pointing to "heightened" competition and "challenging" trading conditions. Flowers expects adjusted earnings per share to increase by 3.5% to 8% in 2012, including the ...
Suzuki has announced that its American automotive arm will go through Chapter 11 bankruptcy proceedings, making it the latest automaker to withdraw from this market. Impact on current car owners is promised to be minimal, but it does raise ...
Tags: Suzuki, bankruptcy, automotive, American Suzuki Motor Corporation
Russia meat producer Cherkizovo has reported higher sales from both its poultry and pork divisions in the first nine months of the year. In a regulatory filing yesterday (31 October), the company said poultry sales volumes increased by ...
Tags: meat producer, poultry and pork, product mix
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
China Steel Corp. (CSC), the largest steelmaker in Taiwan posted sales revenues of NT$15.4 billion for November, falling by 2.13% from a month ago. However, the company posted profits before taxes of NT$707 million for November, soaring by ...
Tags: China Steel Corp, steelmaker, global steel prices, raw materials
Clearwater Seafoods has said large a debt settlement and refinancing charge helped sink earnings in its fiscal first-half. In the six months to the end of June, the company made a net loss of C$5.4m (US$5.4m) compared to earnings of ...
Tags: debt settlement, fiscal first-half, net loss
Swiss meat processing company Bell Group said it is "holding up well", despite booking a drop in first-half profits today (9 August). The company said it faced a "difficult" trading environment in the six-month period as net profit ...
Tags: Bell Group, meat processing company, meat, meat processing
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
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
Dutch organic food specialist Wessanen has seen its second-quarter profits slide as a result of lower sales volumes and higher marketing spend. The company today (25 July) booked net profits of EUR3.1m (US$3.8m) in the quarter, down from ...
Tags: Wessanen, second quarter profit, marketing spend, sales volume
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs
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
According to Deutsche Bank AG, BHP Billiton Ltd, the world's biggest mining company may attract investment of USD 2 billion from fertilizer makers as well as sovereign wealth funds in its Canadian potash project. Deutsche analysts Mr ...
Tags: BHP Billiton, Deutsche Bank, mining company
Schnitzer Steel Industries Inc announced its market outlook for its first quarter of fiscal 2013. During the first half of the quarter, both export and domestic sales prices for ferrous metals dropped approximately USD 50 per ton from ...
Tags: Schnitzer Steel, ferrous, auto parts