Archives for November 10, 2004

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Fonterra bolsters value-added division with IP business

Fonterra, the New Zealand dairy co-operative, is looking to exploit a growing market for intellectual property (IP) licensing by creating a new formulated milk business to join its line of value-added subsidiaries, reports Tom Armitage.

Singapore wins over Tate & Lyle for new venture

Strong campaigning by a top Singapore authority has lured UK sugar giants Tate and Lyle to choose Singapore as the home of its new £97 million sucralose factory, as the firm looks to launch its zero calorie, sugar-based sweetner across the region.

Health link boost for the humble walnut

Research into walnuts, a key ingredient used in a range of biscuit and confectionery products will help lift stagnant sales for food makers in the sector giving them an opportunity to cash in on the growing functional food market, reports Lindsey Partos.

Probiotic dairy products lack scientific support

The US probiotic industry needs to step up a gear and finance further research in order to win over consumer confidence by providing scientific proof of its health benefits, according to research published by the International Food Information Service.

Dairy Crest confident despite contract loss

Dairy Crest, the British milk supplier which lost out to rivals Arla and Wiseman in the recent rejig of supermarket supply contracts, remains confident of a "satisfactory" full-year performance after a first half of solid growth, writes Chris Jones.

ABF full year beats forecasts

UK food and ingredients firm Associated British Foods has beaten full year profit expectations after posting double-digit growth against a backdrop of firmer commodity pricing and adverse currency movements. The performance underlines that ABF is well...

Rexam buys out China can manufacturer

Rexam, the UK-based global packaging company, has reached an agreement to acquire the 40 per cent shareholding it does not own in the Chinese beverage can business, Rexam Beverage Can Zhao Qing, from its joint venture partner, Hua Xing Investment Limited.