EU Grant Unlocks €3M for Irish Startup to Lead the Fight Against Global Diabetes Epidemic with Functional Food Ingredient

Dublin, Ireland, October 28, 2016 – Nuritas, the Irish biotechnology and R&D company, today unveils details of a scientific breakthrough which is being hailed internationally as a game-changing opportunity in the fight against the global diabetes epidemic. From L – R Dr Nora Khaldi, Founder and CSO and Emmet Browne, CEO The identification by Nuritas Read more about EU Grant Unlocks €3M for Irish Startup to Lead the Fight Against Global Diabetes Epidemic with Functional Food Ingredient[…]

Australia’s first high-pressure processed baby food to help reduce food wastage

ABC Rural -http://www.abc.net.au/news/2016-10-10/wa-company-to-produce-high-pressure-baby-food/7920022 By Tyne Logan Posted Mon at 7:17pm Photo: Jenny Fraceschi is gearing up to launch Australia’s first high-pressure processed baby food. (ABC Rural: Tyne Logan) A Western Australian processing facility is about to launch the country’s first high-pressure processed baby food range, in the hope it will tap into the growing market Read more about Australia’s first high-pressure processed baby food to help reduce food wastage[…]

Unilever: Continued competitive growth in challenging markets

Unilever has announced its results for the third quarter of 2016, which show that the company is growing competitively despite challenging markets. Nine months highlights Underlying sales growth 4.2%, ahead of our markets, with price up 2.8% and volume up 1.3% Emerging markets underlying sales growth 7.2% with price up 5.5% and volume up 1.6% Read more about Unilever: Continued competitive growth in challenging markets[…]

Nestlé Nutrition boosts infant formula production in Mexico

Nestlé will triple its production of infant formula with the opening of its new factory in Jalisco, Mexico.At a total cost of CHF 245 million, Nestlé Nantli becomes Nestlé’s biggest investment in infant nutrition worldwide in the last 10 years. The plant in Ocotlán will create 250 direct and 1,250 indirect jobs, as part of Read more about Nestlé Nutrition boosts infant formula production in Mexico[…]

Unilever to Build Global Foods Innovation Center at Wageningen

06/10/2016 Today Unilever has announced its intention to build a new global Foods Innovation Centre in Wageningen, the Netherlands. The Foods R&D organizations, currently based in Vlaardingen (the Netherlands), Heilbronn (Germany) and Poznan (Poland) will be co-located in the new centre. Today’s announcement means that Unilever will move all roles in R&D Foods that are Read more about Unilever to Build Global Foods Innovation Center at Wageningen[…]

Ausnutria to Form the Joint Venture with Westland in New Zealand

Seize the Advantage of High Quality Milk Source of Westland in New Zealand Better Serve China and Overseas Markets HONG KONG, Sept 29, 2016 – Ausnutria Dairy Corporation Ltd (“Ausnutria” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1717.HK), a dairy company which specializes in the manufacture and distribution of infant formula Read more about Ausnutria to Form the Joint Venture with Westland in New Zealand[…]

ADM Adds to Specialty Pasta Capabilities with Purchase of Caterina Foods

CHICAGO–(BUSINESS WIRE)– Archer Daniels Midland Company (NYSE: ADM) announced today that it has purchased the assets of Caterina Foods, a leading toll manufacturer of specialty gluten-free and high-protein pastas. “ADM is continuing to deliver on our strategy to create shareholder value by expanding our capabilities downstream in the value chain,” said Vince Macciocchi, president of Read more about ADM Adds to Specialty Pasta Capabilities with Purchase of Caterina Foods[…]

Fonterra – Fonterra Strengthens Second Half Performance in 2014/15

Highlights Total sales volumes up 9% at 4.3 million metric tonnes Revenue $18.8 billion, down 15% Normalised EBIT $974 million, up 94% Net profit after tax $506 million, up 183% Cash Payout $4.65, down 45% Farmgate Milk Price $4.40 per kgMS Dividend of 25 cents per share 2015/16 forecast total available for payout up 75 Read more about Fonterra – Fonterra Strengthens Second Half Performance in 2014/15[…]

General Mills revenue declines by 7% for Q1

General Mills Reports Fiscal 2017 First-Quarter Results — Diluted EPS were $0.67; adjusted diluted EPS¹ totaled $0.78 — Operating profit margin expanded 30 basis points to 16.5% of net sales; adjusted operating profit margin increased 80 basis points to 19.2% of net sales — Net sales declined 7% to $3.9 billion; organic net sales declined Read more about General Mills revenue declines by 7% for Q1[…]

World’s largest milk powder plant opened by Fonterra

The first litres of Waikato-farmed milk are flowing through Fonterra’s newest high-efficiency milk powder plant, as the world’s joint-largest dryer comes online in the South Waikato. The new 30 metric tonne an hour dryer at the Co-operative’s Lichfield site will be capable of processing an additional 4.4 million litres of milk each day – equivalent Read more about World’s largest milk powder plant opened by Fonterra[…]