It's reported that the South Korean heavy plate manufacturers' sales volumes of shipbuilding plate decreased obviously this year. According to statistics released by the Korea Iron and Steel Association (KOSA), the South Korean heavy ...
Tags: heavy plate, sales, shipbuilding companies
Barry Callebaut said today (12 December) it had become the world's largest cocoa processor after agreeing to buy Petra Foods' cocoa ingredients business for US$950m. The Switzerland-based group, which supplies cocoa and chocolate ...
Tags: Cocoa, Food, chocolate products
Emirates Steel, which has undergone several expansions in recent years has reported 33% surge in steel volume and 10% increase in the dispatch of goods of prime quality through to the end of Q3 2012 YoY. Mr Suhail M Al Ameri Emirates ...
Tags: emirates steel, structural steel, steel beam, steel construction
Chiquita Brands International has swung to a first-half loss as a drop in sales and higher sourcing costs hit profits. In the six months to the end of June, the US produce giant booked a net loss of US$6m compared to earnings of $102m ...
Tags: Chiquita Brands International, sales, sourcing cost, net loss
A fall in production has hit half-year profits at UK-listed palm oil processor New Britain Palm Oil. CEO Nick Thompson said heavy rain made it harder to collect and transport fresh fruit bunches. The wet weather also meant the fruit ...
Tags: oil process, profits, New Britain Palm Oil, production fall
Canadian dairy firm Saputo has recorded a drop in first-half profits, hurt by "unfavourable" market conditions in the US and an increase in the cost of milk in California. Earnings amounted to C$251.5m (US$251.8m) in the six ...
Tags: Saputo, milk price hike, dairy firm
Unilever's shares were up 3% this morning (25 October) despite food sales volumes falling in the third quarter as its spreads brands suffered from high pricing in key markets. Unilever, which owns food brands including Knorr stock cubes ...
Tags: food volumes slide, Unilever, high pricing
Computerworld-Microsoft may have accelerated plans to expand the Surface RT's retail footprint because touch-sensitive devices are the only Windows hardware flying off shelves,an analyst said yesterday. In a shift from its in-house sales ...
Tags: Touch system, RT retail, Microsoft, retail outlets
Singapore conglomerate Olam International has posted a fall in annual profits but sales volumes and margins from its food business continued to grow. The company yesterday (28 August) booked a 4.6% decline in underlying net profit to ...
Tags: conglomerate Olam International, annual profits, food business
US food giant ConAgra Foods has reported a fourth-quarter loss of US$86m after changes to the way its accounts for its pension costs. The company said today (21 June) its new method of accounting for pensions hit its bottom line in the 13 ...
Food sales volumes fell at Unilever in the second quarter of 2012 after an increase in the first three months of the year, highlighting the current challenging nature of the sector. Unilever, which owns food brands including Knorr stock ...
Tags: Unilever, sales volumes, Knorr, Flora butter, lower food volumes
Costs related to last year's acquisition of Icelandic Group hit High Liner Foods' bottom line but the new addition helped drive operating profit and sales in the third quarter. Net income in the three months ended 29 September slumped ...
Tags: Liner Foods, Net profit, Net sales
Price increases to offset higher commodity costs has boosted sales - and therefore profits - at US nut firm John B. Sanfilippo & Son. The company booked net income of US$7.5m for the quarter to 27 September, compared to $2.2m a year ...
Tags: commodity costs, sales, food market, food industry
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 food manufacturer Lancaster Colony has booked a drop in full-year profits. In the 12 months to the end of June, earnings slid 9.9% to US$95.8m. Operating profits in the period dropped 2.5% to US$143.3m. Lancaster's speciality foods ...
Tags: Lancaster Colony, full year profits, drop, food industry