A management buy-in has saved a struggling meat processing firm in Yorkshire and preserved 100 jobs. Yorkshire Premier Meats in South Kirby now has a secure future and the management team has stabilised the business. The plant prepares ...
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
Concern over the impact higher pig prices could have on UK meat processor Cranswick sent the company's shares falling today (8 October). Cranswick, which reported a 6% increase in first-half sales, said the increasing cost of animal feed ...
Tags: Pig Prices, Cranswick Shares, meat processor
Chinese meat processor Zhongpin has blamed higher costs and increased competition for a fall in quarterly profits. Zhongpin said its net income fell 40% to US$11m in the third quarter of the year. Sales increased 4% to $415.7m but ...
Tags: Meat Firm, Costs, Competition
UK meat processor Cranswick has claimed a market first with the launch of a "single-serve" sausage range. Bertie's Bangers is the first "fully cooked, ready to eat, single serve, British, quality sausages" to be sold in UK supermarkets, ...
Tags: Sausage, meat processor, sausage range
Shares in UK meat processor Cranswick were up this morning (26 November) after the company said talks to secure price increases to offset higher costs were "progressing well". An increase in feed costs and upcoming EU legislation on ...
Tags: meat processor, feed costs, animal welfare
Russian meat processor Cherkizovo has extended its product line to include an additional range of sausages. The range, launched this week, includes classic cooked sausages: Doctorskaya, Molochnaya and Russkaya, semi-smoked Krakovskaya ...
Chinese meat processor Zhongpin saw its half-year net profits slump 36% despite posting a rise in revenues. Net income attributable to Zhongpin shareholders for first six months of the year ending 30 June was US$23.2m, compared to $36.2m ...
Tags: Zhongpin, half year net profits, revenue rise, gross profit margin
The established markets of UK meat processor Hilton Food Group are under pressure, according to analysts, despite first-half results coming in above some expectations. The company this morning (11 September) reported flat half-year ...
Tags: Hilton, meat processor, Food Group, Food
Linpac Packaging has announced that it has won a major contract to supply one of Poland's well-known meat processing companies with more than 100m polystyrene trays a year, The firm's site in Bukowice, Poland will supply trays to Pini ...
Tags: Linpac Packaging, meat processing, polystyrene trays, new business
Britain's food industry was rocked by two announcements over the past month.Premier Foods broke the news that it was to close bakeries in Birmingham and Greenford,west London and restructure its distribution operations with the loss of 900 ...
Tags: Britain's food industry, Premier Foods, Vion, meat processing
BioPet Vet Lab,an animal biotechnology company specializing in DNA applications,has launched IntegriMEAT,a DNA-based program designed to track and identify livestock. The company has entered into a partnership with Southern Natural ...
Tags: livestock, DNA-based program, meat processor, database
UK meat processor Linden Foods has secured a deal to supply bacon to Ahold's Albert Heijn stores in the Netherlands. Linden's Kettyle Irish Foods subsidiary is to sell "sustainably-produced" bacon to Albert Heijn, founder Maurice Kettyle ...
New Zealand meat processor Silver Fern Farms has booked a loss in the year to the end of September as higher lamb prices hit global demand. The company racked up a net operating loss of NZ$31.1m (US$25.4m) in the 12-month period, down ...
Tags: meat processor, lamb, net operating loss, farm
A more muted profit forecast from UK meat processor Hilton Food Group sent shares in the Tesco and Ahold supplier down in early trading this morning (11 September). After reporting flat half-year profits, Hilton said it now expects annual ...
Tags: Hilton Food Group, meat processor, Operating profit, net profit