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meat giant
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Cofco Implements Deals to Secure Access to Us Grain Market
Apr 1, 2015Chinese food establishment Cofco is exploring deals for possible acquisitions or partnerships in the US, a move that could provide the company with access to the world’s largest source of corn and a top soybean grower. Cofco ...
Tags: Cofco, Grain Market, Food
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Tyson Foods Says It Is "Optimistic" About Its Fiscal 2013 Results
Feb 27, 2013US meat giant Tyson Foods has said it is "optimistic" about its fiscal 2013 results, despite a second-quarter that was "more challenging than anticipated". Speaking at the Goldman Sachs 17th Annual Agribusiness Conference, Tyson COO James ...
Tags: meat giant, Tyson Foods, Foods
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Tyson Foods Has Acquired Local Tortilla
Feb 19, 2013US meat giant Tyson Foods has acquired local tortilla, salty snack and pretzel maker Don Julio Foods. The deal expands Tyson's presence in the retail channel. Tyson is the second-largest tortilla maker in the US, although the majority of ...
Tags: meat giant, Tyson Foods, Don Julio Foods
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Marfrig Has Named VP of Finance Ricardo Florence DOS Santos as Its CFO
Feb 18, 2013Brazilian meat giant Marfrig has named VP of finance Ricardo Florence dos Santos as its CFO. Dos Santos will replace Alexandre Mazzuco, who will "pursue other professional challenges and focus on personal projects", Marfrig said. It is ...
Tags: meat giant, Marfrig, CFO
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Tyson Foods Books an Increase in First-Quarter Earnings
Feb 4, 2013US meat giant Tyson Foods said fiscal 2013 is off to "a good start" after it booked an increase in first-quarter earnings. Net profit in the three months ended 29 December amounted to US$173m, an 11% increase on last year, it reported ...
Tags: Tyson Foods, meat giant, profits
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Marfrig Has Appointed Former Cargill CFO Sergio Rial to Lead Its Processed Food Division
Dec 13, 2012Brazilian meat giant Marfrig has appointed former Cargill CFO Sergio Rial to lead its processed food division, Seara Foods. Rial will become CEO of the unit, which includes Marfrig's European meat business Moy Park and US arm Keystone ...
Tags: Marfrig, Sergio Rial, food division, Seara Foods
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Brazil-Based Meat Processor JBS Has Reported a First-Half Profit of Over BRL285m
Dec 12, 2012Brazil-based meat processor JBS has reported a first-half profit of over BRL285m (US$140.6m), swinging from a loss of BRL34m a year earlier. An expansion of JBS's domestic beef capacity and a move into poultry in its home market ...
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Meat Giant Marfrig Today (14 August) Booked a Second-Quarter Profit
Dec 11, 2012Brazil-based meat giant Marfrig today (14 August) booked a second-quarter profit, moving back into the black after a loss in the corresponding period last year. Marfrig, which owns the Seara brand, posted net income of BRL15.5m (US$19.1m) ...
Tags: Meat giant, Meat, net income, profit
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Dutch Meat Supplier Vion Has Announced It Wants to Quit The UK
Dec 11, 2012Dutch 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
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Shares in Tyson Foods Fell Today After The US Meat Giant Lowered Its Forecast
Dec 11, 2012Shares 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
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Brazilian Meat Giant Marfrig Has Returned to Profit in The Third Quarter of The Year
Dec 11, 2012Brazilian meat giant Marfrig has returned to profit in the third quarter of the year. In the three-month period, net income amounted to BRL$10.4m (US$5.1bn), reversing a net loss of BRL$540m recorded a year ago. Marfrig put the ...
Tags: meat giant, Marfrig, company profit, Seara Foods, added products
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COFCO Has Sold Its 5% Stake in US Meat Giant Smithfield Foods
Dec 10, 2012Chinese 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
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Tyson Foods Has Booked a Drop in Full-Year Profits
Dec 10, 2012US meat giant Tyson Foods has booked a drop in full-year profits as the company battled increasing grain and feed ingredients costs. In the 12 months ended 1 October, net profit slumped to US$576m from $733m in the prior year, the ...
Tags: Tyson Foods, full year profit, meat industry, food industry
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A Raft of First-Quarter Results Stories This Week From The Likes of Danone and Nestle
Apr 24, 2012A raft of first-quarter results stories this week from the likes of Danone and Nestle, and full-year results from Tesco have kept analysts busy. In addition to Tesco's sales figures, the group's CEO Philip Clarke revealed further details of ...
Tags: Danone, Nestle, nutrition business, food, salmonella
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