Nestle posts 2.1% increase in sales after a good year in China and N. America

SWITZERLAND – Global food and drink giant, Nestle has reported 2.1% increase in sales to US$90.89 billion in the year 2018 (compared to US$89.11 billion in 2017) with the acceleration helped by China and North America. During the period, the company saw strong internal growth, resulting to organic growth of 3%, thanks to strong performance…

Ingredion unveils new gum-based texturizers to strengthen portfolio

USA – Ingredion has unveiled new single hydrocolloids which include gum acacia, cellulose gum and tara gum to meet customer expectations and consumer need for differentiated texture and mouthfeel in food applications. According to Ingredion, the new gum-based range has greater ingredient functionality, including texture stability, emulsification and protein protection. They add to the company’s…

Tate & Lyle launches stevia sustainability project in partnership with Earthwatch

UK – Food and beverage ingredients supplier, Tate & Lyle has partnered Earthwatch, an international environment body to launch a new research project to assess the sustainability of the stevia sweetener supply chain. The strategic review will be carried out by Earthwatch, Tate & Lyle and its stevia partner Sweet Green Fields will join expertise…

Cargill launches new cocoa powder Gerkens CT70 for baked goods

USA – Cargill Cocoa & Chocolate has launched a new cocoa powder variant called Gerkens CT70 designed for flavor enhancement in especially baked goods applications. The new range, which is an addition to Gerkens, a brand of high quality, consistent and reliable cocoa powders that offers signature taste and colour profiles through top-notch processing and…

Nestle proposes new independent directors to join company board

SWITZERLAND – The food and beverages giant, Nestle has proposed two new independent directors- Dick Boer, and Dinesh Paliwal to join the company board. Dick Boer who is former President and CEO of Ahold Delhaize N.V and Dinesh Paliwal, President and CEO of Harman International Industries Inc, a subsidiary of Samsung Electronics Co., Ltd will stand for an election…

Grain processing company Viresol opens US$117m wheat starch plant in Hungary

EUROPE - Hungarian grain processing company Viresol has opened a new wheat starch processing plant worth US$117.66 million (33 billion forints) in Visonta, in northeast Hungary. World Grain report reveals that the plant will process 250,000 tonnes of Hungarian wheat, which equates to about 10% of all Hungarian wheat intended for export. Viresol, which was…

JM Smucker invests US$9.1m in Canadian dairy processing facility

CANADA - Smucker Foods of Canada Corp, a subsidiary of the American food company JM Smucker has announced that it will invest US$9.1 million (CAD 12 million) to upgrade its Sherbrooke, Quebec based manufacturing facility. The investment, partly funded by the Federal Ministry of Agriculture and Agri-Food, will be used to increase output in condensed…

German based Brenntag Holding gets nod to acquire Kenyan firm Desbro

KENYA - The Competition Authority of Kenya (CAK) has approved acquisition of Kenyan chemical distributor Desbro Limited by Brenntag Holding B.V., a subsidiary of Germany-based chemical distributor Brenntag Group, reports Business Daily. CAK approved the acquisition on condition that Brenntag retains 80 employees who currently work at the firm for a period of one year.…

Dairy Farmers of America launches Craigs Creamery cheese in the US

USA – The national milk marketing corporative, Dairy Farmers of America in conjunction with eight New York-area farm families has unveiled a new cheese brand called Craigs Creamery in the US. The firm says the new product is made with local, high-quality milk and all-natural ingredients, reinforcing its commitment to sustainable farming and ensuring a…

JBS USA to invest US$20m in expansion of Iowa food processing plant

USA – The American food processing company, JBS USA has unveiled plans to invest US$20 million to expand its prepared foods business in Ottumwa, Iowa, to meet growing demand for bacon products. The investment will see the firm establish additional bacon processing and slicing capacities, bacon equipment upgrades and new state-of-the-art slicing equipment. According to…