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Krones Reports Increase of Revenue in First Quarter of 2017

May 2, 2017

Krones, the manufacturer of beverage filling and packaging technology, has said that its revenue increased 16.5% year-on-year, from €772.1m to €899.4m. This strong growth rate cannot be extrapolated to the whole year because ...

Tags: Krones, packaging

Fonterra Initiates Internal Investigation Into Milk Powder Scandal in China

Oct 26, 2016

Fonterra is conducting an internal investigation into the milk powder scandal that broke out in China relating to sale of its expired products. Around 300 tonnes of Fonterra’s expired milk powder were found to be sold in China ...

Tags: Fonterra, Milk Powder

Ardent Mills, Armour Partner to Produce and Sell Ultragrain Pasta

Oct 26, 2016

Flour-milling and ingredient company Ardent Mills has entered into an agreement with Armour Specialty Marketing to produce and sell Ultragrain Pasta into the foodservice and food manufacturing channels. Ultragrain Pasta will be available ...

Tags: Flour-milling, Ultragrain Pasta

ExxonMobil to Expand Ultra-Low Sulfur Fuels Production at Beaumont Refinery

Sep 28, 2016

ExxonMobil today announced plans to increase production of ultra-low sulfur fuels at its Beaumont refinery by approximately 40,000 barrels per day, further strengthening its integrated downstream portfolio while meeting environmental ...

Tags: ultra-low sulfur fuels, Beaumont refinery

Lower Polysilicon Prices Trigger Price Drop

Sep 12, 2016

Despite annual equipment maintenance restraining production volumes, prices on China's polysilicon have tumbled on weak demand, signaling across-the-board price drop in the PV supply chain. The price decline reverses the long-term higher ...

Tags: polysilicon, OV

Arla Delivers Positive Results in Tough Times

Aug 30, 2016

At a time when dairy companies have struggled with the continued European oversupply of milk, Arla has strengthened the quality and profitability of its business. Arla’s strategic branded sales grew 6.1 per cent in the first half of ...

Tags: Arla, dairy, positive results

Sanderson Farms Reports Results for Third Quarter of Fiscal 2016

Aug 30, 2016

Sanderson Farms reported results for the third fiscal quarter and nine months ended July 31, 2016. Net sales for the third quarter of fiscal 2016 were $728.0 million compared with $739.9 million for the same period a year ago. For the ...

Tags: Sanderson Farms, results

USDA to Buy $20m Worth Cheese to Tackle Surplus Issue

Aug 26, 2016

The US Department of Agriculture (USDA) will support dairy producers by buying around 11 million pounds of cheese at $20m through its Margin Protection Program (MPP). The announcement from USDA is aimed at reducing a cheese surplus which ...

Tags: USDA, dairy producers, MPP

FAO Food Price Index Down Slightly in July

Aug 12, 2016

The overall drop after five months of growth reflects a slide in prices for grains and vegetable oils 4 August 2016, Rome – The international prices for major food commodities saw a modest decline in July, following five ...

Tags: grains, vegetable oils, international prices

Sappi Delivers Increased Profits for 3rd Quarter Ended June 2016

Aug 10, 2016

Operating profit excluding special items was strong at $97m despite the third quarter being seasonally the weakest due to the summer holiday period in the northern hemisphere and the scheduling of annual maintenance work during the period. ...

Tags: Cellulose business, EBITDA, solid performance

Mondi Reports Half-Yearly Results for Six Months Ended June 2016

Aug 9, 2016

Mondi announced half-yearly results for the six months ended 30 June 2016. Highlights Continued strong financial performance on all key metrics Underlying operating profit of €529 million, up 8% Underlying earnings of ...

Tags: metricsUnderlying, Uncoated Fine Paper, Fibre Packaging

China's LED Package Market Demand Picks up in May

Jun 8, 2016

LEDinside, a division of TrendForce, reports that the global average sales price (ASP) of 40-watt equivalent LED light bulb stood at US$9.6 in May, translating to a monthly drop of 1.6%. The global ASP of 60-watt equivalent LED light bulbs ...

Tags: LED industry, LED light bulbs

Fonterra Forecasts Market-Linked Organic Milk Price

May 13, 2016

Following Fonterra’s recent announcement that it plans to introduce a market-linked organic milk price for its organic milk farmers, the Co-operative has forecast an opening market-linked organic milk price of $9.20 per kg milk solids ...

Tags: Organic Milk, organic milk products

Olam Secures $175m Loan From IFC for Food Processing Facilities in India and Nigeria

Apr 21, 2016

Olam International has entered into a $175m five-year loan agreement with IFC, a World Bank Group unit, to fund its working capital and capital expenditure requirements for four of its food processing facilities in Nigeria and India. The ...

Tags: Olam, IFC, Food Processing Facilities

Australia's Queensland State Forecast to Receive Higher Tax Revenue From Coal Output

Dec 16, 2015

Tax revenue from coal production in the Australian state of Queensland is forecast to rise to A$1.93 billion ($1.4 billion) in fiscal year 2016-2017 (July-June), based on assumptions that hard coking coal prices will average $100/mt in the ...

Tags: coking coal, Thermal coal, Semi-soft coking coal

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