Sonoco Packaging reports third-quarter sales increase

USA – American packaging company Sonoco has reported record third-quarter sales of US$1.32 billion, a 9.6% increase from US$1.21 billion for the same period in 2016 with gross profit 6.6% higher at US$250.9 million. The company reported a net income amounting to US$73.4 million, also 11.3% increase on the same quarter last year. According to…

Givaudan lays ground for fragrance production hub in China

CHINA – Global fragrance and flavours company Givaudan has laid the foundation stone for the construction of a new fragrances production hub worth US$102 million in Changzhou, Jiangsu Province of China, set to become operational in 2020. The Givaudan’s largest investment, which is targeted towards the reiteration of the company’s commitment to continue investing in…

BASF to acquire parts of Bayer’s seed and herbicide businesses

GERMANY – Leading agrochemical company BASF has signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses, entering the key seeds business that it has been missing in its portfolio. The acquisition of the assets, as Bayer divests from some key areas as it seeks to placate regulators concerns as it…

Ingredion expands rice ingredients portfolio

USA - Ingredion Incorporated, a leading global ingredients solutions company, has launched two multifunctional rice flours, Homecraft Create 835 and 865, as part of expanding its rice ingredients portfolio. The company said that the new rice flours are designed to suit even the most challenging of applications, including in soups and sauces. Food manufacturers can…

Brenntag opens South African operations

SOUTH AFRICA – Leading chemical distribution company Brenntag has officially opened its South African office following the acquisition of four companies, strengthening its focus in South Africa and the region. The company has officially formed Brenntag South Africa (Pty) Ltd. following the merger of four separate operating entities: Lionheart, Plastichem, Multilube and Warren Chem Specialities,…

Tate & Lyle doubles non-GMO maltodextrins capacity

SLOVAKIA - Tate & Lyle Plc has expanded its food range products to double the capacity of the company’s non-GMO maltodextrin product line at its facility in Slovakia, over the next two years. The non-GMO Maltosweet infant food grade facility will be expected to be complete in 2019, according to the company spokesperson. Maltosweet Maltodextrin…

Barry Callebaut completes acquisition of D’Orsogna Dolciaria

SWITZERLAND - Barry Callebaut, the world’s leading manufacturer of chocolate and cocoa products, has announced that it has successfully completed the acquisition of D’Orsogna Dolciaria. “We are pleased to close this agreement with D’Orsogna Dolciaria. This acquisition is a perfect fit with our ’smart growth’ strategy and will allow us to further accelerate the growth…

Tetra Pak launches ice cream extrusion line for medium-sized producers

SWEDEN - Tetra Pak has launched ice cream extrusion line that the company promises improved product quality and volume flexibility for medium-capacity producers. The packaging and processing equipment major says that the new line uses an independently controlled horizontal cutter to slice the ice cream as it emerges from the extruder. “This patented technology means…

Kemin launches BetaVia, expands immune health products line

USA – Kemin Industries, the global nutritional provider and manufacturer, has launched new algae-sourced beta-glucan ingredients, which provide immune health benefits for functional foods and beverages. The launch of the BetaVia Complete and BetaVia Pure ingredients has seen Kemin expand into the global immune health market as the new products contain algae-sourced, GMO-free beta-glucan ingredients…