Enhanced search
 

News

News per page:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15  Next | Last
 
  05/08/2020 | Ingredients

DSM profits falls but reports solid H1 2020 results

In DSM Food Specialties’ first half-year results, the company’s Nutrition segment delivered a steady performance in light of the Covid-19 pandemic. SP

In DSM Food Specialties’ first half-year results, the company’s Nutrition segment delivered a steady performance in light of the Covid-19 pandemic. Pushed up demand in this context was driven in part by stocking – especially packaged foods in food and beverage and early life nutrition – while the company notes end user demand for immunity-optimizing products remained strong. DSM outlines adjusted net profit down by 4 % to EUR 399 m, with net profit at EUR 270 m.

DSM’s Nutrition segment delivered robust organic sales growth of 9 %, including an up to 2 % Covid-19 effect, with 11 % growth in Human Nutrition, which saw additional Covid-19 driven demand across all end markets. By the end of the quarter, Human Nutrition saw more normalized trading conditions.

www.dsm.com

 
 
  04/08/2020 | Packaging

Sonoco acquires sustainable paper can solutions producer

Sonoco, one of the largest global diversified packaging companies, announced it has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim/France, for total consideration of EUR 41.7 m. SP

Sonoco, one of the largest global diversified packaging companies, announced it has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim/France, for total consideration of EUR 41.7 m. There will be no changes to operations or customer relationships.

Founded in 1989, Can Packaging operates two paper can manufacturing facilities in France along with a research and development centre where it designs and builds patented packaging machines and sealing equipment. The company is projected to produce sales of approximately EUR 23 m and provides sustainable paperboard packaging to a number of large consumer food brands distributed across Europe. The business has approximately 60 associates.

Howard Coker, President and CEO, said: “This strategic acquisition provides us many new innovations, including patented technology to produce a recyclable, high performance all-paper package, that can be made round, square, rectangular, oval, oblong or triangular.”

Sean Cairns, Division Vice President and General Manager of Sonoco’s European Consumer Products Division, explained: “Adding Can Packaging’s innovation centre, intellectual property and proprietary manufacturing capabilities will allow Sonoco to leverage and enhance our strong material science and engineering capabilities to develop more recyclable, mono-material paper packaging solutions that will have a wide range of food barrier properties for our customers in Europe. We also see using Can Packaging’s unique, low-cost machine technology to expand our consumer products offering into growth markets.”

www.sonoco.com

 
 
  31/07/2020 | Ingredients, Trade Fair

Entries for Fi Europe Innovation Awards and Fi Global Startup Innovation Challenge now open

Once again this year, during Fi Europe co-located with Hi Europe at the beginning of December, show organizer Informa Markets will be recognizing companies and organizations for ground-breaking novelties in the Fi Europe Innovation Awards. SP

Once again this year, during Fi Europe co-located with Hi Europe at the beginning of December, show organizer Informa Markets will be recognizing companies and organizations for ground-breaking novelties in the Fi Europe Innovation Awards. These awards are regarded as the most prestigious in the food and beverage sector and honour innovators in nine categories based on the latest industry trends.

The Fi Global Startup Innovation Challenge gives newcomers the opportunity to present their ideas to a broad professional audience. Entries for the Startup Innovation Challenge are open until 18 September, and, for the awards, until 25 September 2020.

A jury of industry experts, including company representatives, market analysts and trade journalists, will select the finalists for the Fi Europe Innovation Award. Those shortlisted will pitch to the eight-member jury led by Prof. Dr Colin Dennis, Chairman of the Board of Trustees of the British Nutrition Foundation (BNF).

www.figlobal.com/fieurope/en/show-highlights/innovation-awards.html www.figlobal.com/fieurope/en/show-highlights/startup-innovation-challenge-2020.html

 
 
  30/07/2020 | Packaging, Association

New internet presence for a new Packaging Valley

The new Packaging Valley puts its members in the spotlight. The partner for packaging tasks is now chosen from over 80 members instead of 40. SP

The new Packaging Valley puts its members in the spotlight. The partner for packaging tasks is now chosen from over 80 members instead of 40. This is the result of the merger of the two packaging clusters in southern Germany: Packaging Valley Germany and Packaging Excellence Region Stuttgart. Another result that is impressive and promises many benefits is the new homepage, which can still be found at www.packaging-valley.com.

On the new website, technology topics and future trends are coming to the fore. Visitors will be kept up to date on machines, processes and digitalization in packaging machine construction. This is also done by the new Packaging Valley Podcast, which can be listened to on the new homepage or subscribed to from there.

The fact that the previous Packaging Valley homepage already allowed you to filter specifically for the right partner for your packaging task has proven its worth. Now, the visitor can choose from 80 members when searching for the right solution provider. The filter option brings the visitor quickly to his destination.

“In the coming weeks, the career portal will be further expanded in addition to the trade fair calendar,” says Regine Rüeck (project management). The portal is aimed at students, trainees and experienced professionals. Appropriate events and workshops are to be offered. The opportunities for this are also growing due to the increasing number of cooperations.

A comprehensive job portal, which provides vacancies for 80 packaging specialists, makes the website a new job search engine. With this, Packaging Valley wants to draw attention to the great variety of career opportunities in the packaging industry. New vacancies are advertised regularly.

www.packaging-valley.com

 
 
  30/07/2020 | Trade, Trends

IRI confectionery monitor: Corona crisis as an engine for growth

The IRI confectionery monitor has registered an exceptionally positive result for the first half-year of 2020 for German retail confectionery sales following a clear increase already after the first four months. SG

The IRI confectionery monitor has registered an exceptionally positive result for the first half-year of 2020 for German retail confectionery sales following a clear increase already after the first four months. The effects of the Corona pandemic have undoubtedly played a major role in the revenue increase of 9.3% up to € 7.176 bn, accompanied by a 7.5% increase in sales volume of 957,867 tonnes (basis: food retailers + drug stores + hard discounters + gas station shops).

Salty snacks delivered an outstanding performance, with € 1.979 bn signifying revenue growth of 15.2% (sales volume: 239,719 t; + 11.5%). Chocolate products (without season), the largest product group, increased its sales in the first half of 2020 by 7.4% up to € 2.870 bn and its sales quantity by 6.5% up to 285,761 tonnes. Sweet baked goods and cake suppliers also profited heavily from this unprecedented exceptional situation, with revenues climbing by 10.4% up to € 1.303 bn (sales volume: 241,576 t; + 8.5%). Comparatively, the growth rates for the sugar confectionery category were lower, with revenues of € 1.025 bn (+ 2.6%) and sales volume of 190,811 tonnes (+ 2.8%). The chewing gum segment suffered sensitive losses with a revenue decline of 12.4% down to € 217.5 m (sales volume: 146.5 m pieces; - 14.8%).

www.iriworldwide.de

 
 
  30/07/2020 | Industry, International

Nestlé: Corona pandemic puts a brake after a strong start to the year

The Nestlé Group achieved sales of CHF 41.152 bn in the first half of 2020. Organic growth reached 2.8%, with real internal growth (RIG) of 2.6%. Pricing contributed 0.2% and was positive in all three zones in the second quarter. SG

The Nestlé Group achieved sales of CHF 41.152 bn in the first half of 2020. Organic growth reached 2.8%, with real internal growth (RIG) of 2.6%. Pricing contributed 0.2% and was positive in all three zones in the second quarter. According to the company, underlying trading operating profit decreased by 7.9% to CHF 7.156 bn. The underlying trading operating profit margin reached 17.4%, an increase of 30 basis points in constant currency and on a reported basis.

The Covid-19 crisis has led to profound changes in operating environments across markets. The global economy has entered a recession, supply chains have been tested and consumer behaviour has changed at a rapid pace. Nestlé quickly deployed effective measures to address this new reality. In the first half, the effects of Covid-19 on organic growth varied materially by geography, product category and sales channel, depending on the timing of outbreaks, scope of restrictions and consumer behaviour.

After a stronger-than-expected start to the year, organic growth moderated in the second quarter to 1.3%, reflecting the severe impact of movement restrictions on out-of-home businesses and some consumer destocking. In the first half, Nestlé saw sustained momentum in the Americas and positive sales development in Zone EMENA. Zone AOA saw a sales decrease, with growth turning positive in the second quarter. Organic growth was 4.1% in developed markets, based entirely on RIG. Growth in emerging markets was 1.1%. Nestlé achieved sales of CHF 2.973 bn in the product category confectionery, compared to CHF 3.450 bn in the first half of 2019.

www.nestle.com

 
 
  29/07/2020 | Industry, International

The Hershey Company: strong cost management compensates incremental Covid-19 costs

The Hershey Company announced net sales and earnings for the second quarter ended June 28, 2020. Consolidated net sales were USD 1.707 bn in the second quarter of 2020 versus USD 1.767 bn in the year ago period, a decrease of 3.4%. SG

The Hershey Company announced net sales and earnings for the second quarter ended June 28, 2020. Consolidated net sales were USD 1.707 bn in the second quarter of 2020 versus USD 1.767 bn in the year ago period, a decrease of 3.4%. According to the company, volume was a 7.0 point headwind, driven by Covid-19 pressures in the company’s International and Other segment and price elasticity in North America. Foreign currency exchange was a 0.7 point headwind. Price realization partially offset these declines, providing 3.5 points of net benefit for the second quarter. The net impact of acquisitions and divestitures was a 0.8 point benefit driven by the acquisition of ONE Brands.

Reported gross margin was 46.4% in the second quarter of 2020, compared to 49.5% in the second quarter of 2019, a decrease of 310 basis points. The decline reflects a higher derivative mark-to-market commodity gain in the prior period. Adjusted gross margin was 46.4% in the second quarter of 2020, compared to 46.5% in the second quarter of 2019, a decrease of 10 basis points as price realization gains were more than offset by incremental Covid-19 manufacturing costs and unfavourable mix.

Second-quarter 2020 reported operating profit of USD 383.4 m decreased 6.5% versus the second quarter of 2019, resulting in an operating profit margin of 22.5%, a decrease of 70 basis points. Adjusted operating profit of USD 386.1 m increased 4.4% versus the second quarter of 2019. This resulted in an adjusted operating profit margin of 22.6%, an increase of 170 basis points versus the second quarter of 2019 as strong corporate and operational cost management more than offset incremental Covid-19 costs.

www.thehersheycompany.com

 
 
  29/07/2020 | Ingredients

Nutriswiss sets new standards with purification plant for edible oils

The Swiss edible oil and fat specialist, Nutriswiss, is expanding its refining operations with new short path distillation (SPD) equipment. SP

The Swiss edible oil and fat specialist, Nutriswiss, is expanding its refining operations with new short path distillation (SPD) equipment. The process removes contaminants and isolates fatty acids at particularly low process temperatures. At the same time, it prevents the contaminations of food products and preserves micronutrients. With this new technology, the company is able to achieve previously unattained levels of quality and overcome a key hurdle for manufacturers.
Since June 2020, Nutriswiss has been using SPD to refine and produce pure, high-quality products. The process gently removes pollutants such as pesticides from palm, rapeseed and other crude oils without forming contaminants in situ owing to the low thermal load applied.
Because of the extremely low pressures used in SPD, high temperatures can be avoided. The distance from the evaporating flask to the condenser is short, so there’s very little pressure loss compensate. Valuable components such as micronutrients are preserved and yields of essential omega-3 fatty acids, for example, can be maximized. At the same time, hydrocarbons (MOSH/MOAH), pesticides or plasticizers such as DEHP derived from mineral oil are significantly reduced or even removed. Thanks to the application of this method, Nutriswiss is setting new standards in terms of the purity, quality and nutrient content of the oils they offer.

 

www.nutriswiss.ch

 
 
  29/07/2020 | Industry, International

Mondelez International: heavy losses in revenues and profit

Mondelez International, Inc. reported its second quarter 2020 results. According to the company, net revenues decreased 2.5% to USD 5.911 bn driven by unfavourable currency and the impact of a prior-year divestiture, with underlying organic net revenue growth of 0.7% and the positive impact of acquisitions. SG

Mondelez International, Inc. reported its second quarter 2020 results. According to the company, net revenues decreased 2.5% to USD 5.911 bn driven by unfavourable currency and the impact of a prior-year divestiture, with underlying organic net revenue growth of 0.7% and the positive impact of acquisitions. As a result of Covid-19, the Developed Markets organic net revenue growth rate was elevated versus pre-Covid levels. Organic net revenue from Emerging Markets declined but showed sequential improvement during the quarter and returned to growth in June.

Gross profit decreased USD 138 m to USD 2.331 bn and margin declined 130 basis points to 39.4%. Adjusted gross profit decreased USD 9 m to USD 2.347 bn at constant currency while adjusted growth profit margin decreased 90 basis points to 39.7% primarily due to incremental Covid-19 related costs, higher raw material costs in part due to unfavourable currency movements and unfavourable volume/mix, partially offset by higher net pricing and productivity, as well as cost containment measures.

Operating income decreased USD 312 m to USD 713 m and margin was 12.1%, down 480 basis points. Adjusted operating income decreased USD 38 m to USD 942 m at constant currency, and margin decreased 80 basis points to 15.9%.

www.mondelezinternational.com

 
 
  27/07/2020 | Ingredients

FrieslandCampina reports stable revenue

FrieslandCampina has reported a strong start of the year with first-quarter results above last year, but in the second quarter it expects major impact from the Covid-19 pandemic on operations and results. SP

FrieslandCampina has reported a strong start of the year with first-quarter results above last year, but in the second quarter it expects major impact from the Covid-19 pandemic on operations and results. Pressures were most notable due to a strong decline in out-of-home sales, lower basic dairy prices and a fall in infant nutrition sales in Hong Kong due to closed borders with China. This was partially offset by higher profit for consumer dairy and ingredients.

Revenue is stable (+0.3 %) at EUR 5.6 bn. However, on a comparable basis, operating profit is down 17.2 % and profit down 37.2 % versus the first half of 2019. Milk price for member dairy farmers decreased by 3.5 % to EUR 36.59 per 100 kg of milk due to a decline in basic dairy prices. Meanwhile, milk supply increased by 1.1 % to 5,144 m kg due to favourable weather conditions.

Global recession with an anticipated slow recovery necessitates further intervention in cost structure and structural improvement of productivity, notes FrieslandCampina. The company recently strengthened its market positions in ingredients worldwide and in key consumer markets such as China, Indonesia, Nigeria, Pakistan as well as its home markets of the Netherlands and Germany. The business groups Dairy Essentials and Ingredients saw revenue increase by 5.8 % and 3.6 %, respectively.

www.frieslandcampina.com

 
 
News per page:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15  Next | Last