USA – The U.S. Food and Drug Administration (FDA) has awarded GEA a letter of no objection (LONO) for its ABF 1.2 technology, an integrated blowing, filling and capping solution featuring a fully aseptic rotary blowing machine. According to GEA, that is the only system equipped with a 100% aseptic blower that is allowed to…
USA - International Flavors & Fragrances, an American corporation producing flavors and fragrances and cosmetic actives, has reported strong results of 9% sales increase to US$920 million in its second quarter results. According to the company, the net sales of US$920 million was an increase of 9% from US$843 million in 2017, excluding the impact…
USA - The American agribusiness and food company, Bunge Ltd has announced that Brian Thomsen, president Agribusiness unit, is retiring and plans to remain with the company through the end of the year for a smooth transition. Thomsen joined the company in 2004, and has led Bunge’s Agribusiness segment since May 2014, having previously served…
UK – Diageo, a British multinational alcoholic beverages company, has reported strong performance with net sales US$14.24 billion reflecting consistent and rigorous execution of our strategy. The company reported net sales US$14.24 billion and operating profit US$4.32 billion were up 0.9% and 3.7%, respectively, as organic growth was partially offset by adverse exchange. All regions…
LONDON - Unilever PLC and Unilever N.V., have announced their intention to buy back shares with an aggregate market value equivalent of up to €6 billion to return the expected after-tax proceeds upon completion of the Spreads disposal to shareholders, unless more value-creating acquisition alternatives arise. The Group announced the completion of the Spreads disposal…
USA - The US grains merchant Bunge Limited is considering the closure of a soybean crushing plant in Buenos Aires Province putting about 60 jobs at risk, reported Reuters citing information from union of employees of soy crushing plants in Argentina. The union of employees representing Argentina’s soy crushing plants said that Bunge had informed…
SWITZERLAND - Swiss food giant Nestlé has reported a 2.3% sales growth to US$43.9 billion in the first half of the year as markets in the US and China improve. According to the company, the organic growth of 2.8% in the first half was due to the expectations and guidance plans for 2018. Real Internal…
SINGAPORE - Olam International has announced that Ms Rachel Eng Yaag Ngee will resign from the board as an Independent Non-Executive Director effective July 31, 2018. The agri-business firm said the decision was reached by the Board of Directors following Rachel’s acceptance to step down to pursue a career in a domestic law firm, a…
USA - Cambridge Commodities, the UK based ingredient supplier has acquired the ingredient business of the American importer and distributor of raw and organic food, Earth Circle Organics LLC. The deal will see Earth Circle Organics’ raw and organic superfood ingredient business merge with the US arm of Cambridge Commodities to form a new division,…
SWITZERLAND - SIG Holdings AG, the Switzerland based aseptic carton packaging and filling machines provider has developed an aluminium-free, microwaveable hot drinks carton pack, ‘Heat&Go’ targeting particularly Asia where on-the-go consumption is rising. The new Heat&Go aseptic pack replaces aluminium foil, has a high-barrier film and a light-blocking pigment thus protecting the product from oxygen…
