Cargill to invest US$150m in new pectin facility in Brazil to meet market demand

USA - The global agricultural company Cargill is planning to invest US$150 million in a new pectin production facility in Brazil, South America to meet market demand for high-quality pectin. The facility will produce HM pectin, a versatile, citrus fruit-based texturizer used for jams, beverages/juices, acid dairy drinks and confectionery. According to Cargill, the project…

Bunge Loders Croklaan launches low 3-MCPDE level palm oil portfolio

USA - Bunge Loders Croklaan, a leading global producer of sustainable premium quality vegetable oils and fats, can now offer its entire palm oil food portfolio with low 3-MCPDE levels, in addition to its already available low Glycidyl Esters (GE) portfolio. According to the company, the European Food Safety Authority’s (EFSA’s) published Scientific Opinion points…

BASF launches Luminate FCC catalyst to help refiners increase liquid product yields

GERMANY - BASF, a German chemical company and the largest chemical producer in the world, introduced Luminate, a new generation of Fluid Catalytic Cracking (FCC) catalysts for gasoil refiners. According to the company, the Luminate catalyst is tailored to deliver superior conversion while improving coke selectivity, which can help refineries maximize profitability. This is BASF’s…

US FDA approves GEA’s aseptic technology

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…

IFF reports strong results of 9% net sales increase in the second quarter

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…

Bunge’s Agribusiness president Brian Thomsen to retire

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…

Diageo reports strong performance with net sales of US$14.24b in 2018 preliminary results

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…

Unilever announces intention to buy back shares to return after-tax proceeds

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…

Bunge to close soybean crushing facility in Argentina with 60 possible layoffs

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…

Nestle reports 2.3% sales growth to US$43.9 billion in first half year results

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…