Heineken ups stakes in Kazakhstan
Heineken has reached an agreement with its Kazakhstani co-shareholders to increase its stake in Kazakhstan based Dinal LLP from 51 per cent to 97 per cent, in a move that aims to capitilise on a growing market.
Archives for June 8, 2004
Beef genes and quality link boost Cargill sales
Improving the quality and texture of beef for consumer tastebuds could lift sales for a US beef industry knocked lately by the BSE scare. In a recent link up, US agri-giant Cargill and life science firm MetaMorphix have completed the first whole...
Consumers set to benefit from French talks
France's finance minister Nicolas Sarkozy has called on the country's leading food retail groups to cut their prices in return for a relaxation of some of the more restrictive legislation, in particular the rules governing store extensions. All of...
Kesko Food and ICA combine Baltic operations
Kesko Food, part of the Finnish Kesko Group, and ICA Baltic AB, a company belonging to the Swedish ICA AB Group, have signed an agreement to set up a 50/50 joint venture for the Baltic food market.
K+S to buy largest salt producer
Consolidation in the European salt industry continues as German firm K+S mounts discussions with Belgium's Solvay to buy its minority stake in Europe's largest salt producer, the European Salt Company (Esco).
Quality to drive Russian food growth
According to figures recently released by the Russian Economic Trade Development and Trade Ministry, food production is expected to grow by 7.2 per cent in 2004. Simon Pitman spoke to the Russian Ministry and found out that, although these figures...
CP Kelco slice up for sale
Number one global xanthan gum supplier CP Kelco is on the auction block as majority stakeholder merchant bank Lehman Brothers opts to sell its slice in the leading hydrocolloid company, reports Lindsey Partos.
Ocean Spray rejects PepsiCo offer
In a close vote cranberry co-operative Ocean Spray on Tuesday snubbed a joint venture proposal from soft drinks giant PepsiCo, instead opting to continue as a farmer-owned co-op.
Food safety focus for fresh produce
A better insight into how harmful food pathogens such as E.coli and Salmonella survive on fresh fruits and vegetables is the key to stemming the rising tide of human disease outbreaks linked to fresh produce.
WBD quarterly income drops 25 per cent
Wimm-Bill-Dann Foods, one of Russia's leading dairy and soft beverage companies, has announced a fall of 25.4 per cent in its net quarterly income due mainly to the rising price of milk and depreciation of equipment.
Sun Interbrew focuses investment on Siberia
Sun Interbrew has confirmed that it is preparing to invest significantly in a number of its production facilities in Russia and that the programme will focus considerably on its Omsk facility in Siberia.
M&S fights off Green bid, for now
Beleaguered British retailer Marks & Spencer has rejected an initial takeover bid from Philip Green, preferring instead to put its faith in a new management team. But the retail entrepreneur is thought unlikely to give up so easily, and M&S' future...