Buhler reports 22% increase in turnover as integration of Consumer Foods continues

SWITZERLAND – World’s leading milling giant, Buhler Group has reported 22% rise in turnover for the year 2018 even as it continues to integrate the newly created Consumer Foods business. During the period, Buhler said it experienced continued organic growth in all businesses characterized by expanded market share, increased order intake, and higher turnover. The…

U.S. Grains Council president and chief executive Tom Sleight to retire

USA – President and Chief Executive Officer of the U.S. Grains Council (USGC), Thomas Sleight has announced plans to retire in the summer when his successor will be appointed by the firm’s Board of Directors. Tom was named president and CEO of the firm in 2012 after Thomas C. Dorr who also retired from USGC.…

Nestle India reports 9.6% growth in profits to US$47.96m in Q4

INDIA – Nestle India reported a 9.6% growth in net profits to US$47.896 million for its fourth quarter period ended 31st December 2018 up from US$43.76 million posted in the corresponding period in its previous financial year. The company total revenues in the period under review increased from US$417.16 million against US$372.26 posted in the…

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…

IRRI strengthens partnership with University to enhance rice research

PHILIPPINES - The International Rice Research Institute (IRRI) has signed a memorandum of understanding (MoU) with Nagoya University in the Philippines to strengthen capabilities in rice research and education. The cooperation between IRRI and the University will run through a 15-year period bringing together expertise in rice-based agri-food systems with a goal to greatly contribute…

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…

Coca-Cola revenues decline 10% hurt by refranchising operations in the year

USA – The Coca-Cola Company’s net revenues declined by 6% in the fourth quarter and 10% to US$31.9 billion for the full year impacted by refranchising of company-owned bottling operations and currency headwinds. Concentrate sales grew 3% and this together with price/mix growth contributed to organic revenues which climbed 3% in the year. Operating margin…

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…

Animal nutrition firm Wilbur-Ellis Feed rebrands as Wilbur-Ellis Nutrition

USA - Wilbur-Ellis Feed, LLC, a Canadian animal feed, agribusiness, and specialty chemicals company has been rebranded as Wilbur-Ellis Nutrition. Founded in 1921, the firm is part of the Wilbur-Ellis companies with a vision to develop innovative products within rigorous safety standards and delivered with superior customer service in livestock, pet food and aquaculture industries.…