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Barry Callebaut announces groundbreaking of new chocolate factory in Baramati, India

New greenfield factory expected to be operational by mid-2020

24-Jul-2019

The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, announced the groundbreaking for the construction of its new chocolate and compound manufacturing facility in Baramati, India – about 250 km south-east of Mumbai. Upon completion, the new ...

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PepsiCo Reports Second Quarter 2019 Results

11-Jul-2019

Pepsico Inc (PEP) revealed a profit for its second quarter that increased from the same period last year. The company's earnings totaled $2.04 billion, or $1.44 per share. This compares with $1.82 billion, or $1.28 per share, in last year's second quarter. Excluding items, Pepsico Inc reported ...

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Coca-Cola Amatil announces successful sale of SPC business

05-Jun-2019

Coca-Cola Amatil today announced that the SPC fruit and vegetable processing business (SPC) would be sold to Shepparton Partners Collective Pty Ltd and its group of companies (Shepparton Partners Collective) for consideration of $40 million payable at completion. Taking into account forecasted ...

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Coca-Cola surprises investors with better-than-expected 1Q

25-Apr-2019

The Coca-Cola Co. surprised investors with a better-than-expected first quarter but cautioned that it's still expecting slower growth for the full year. Atlanta-based Coke reported net income of $1.7 billion, or 39 cents per share, up from 32 cents per share in the January-March period a year ...

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Delivery Hero completes sale of its food delivery operations in Germany to Takeaway.com

02-Apr-2019

Today, Delivery Hero S.E. ("Delivery Hero"), one of the leading global online food ordering and delivery marketplaces, has concluded the sale of its German food delivery operations. The businesses comprising Lieferheld, Pizza.de and foodora were sold to Takeaway.com N.V. ("Takeaway.com") in ...

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Campbell sells Garden Fresh Gourmet

01-Mar-2019

Campbell Soup Company announced today that it hassigned a definitive agreement for the sale of Garden Fresh Gourmet to anaffiliate of Fountain of Health USA, a maker of hummus, dips, varietypacks, prepared salads, pâtés, and frozen desserts. Terms of thetransaction were not disclosed. Garden ...

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Cott Announces the Sale of its Soft Drink Concentrate Production Business

12-Feb-2019

Cott Corporation today announced the sale of its soft drink concentrate production business and its RCI International division ("Cott Beverages LLC") to Refresco for USD $50 million, who in turn sold the RCI worldwide branded activities to RC Global Beverages Inc. Cott Beverages LLC is a ...

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Unilever struggles with difficult business in Latin America

01-Feb-2019

Negative currency effects caused a drop in sales last year at the consumer goods manufacturer Unilever.The revenues of the manufacturer of brands such as Magnum, Knorr, Lipton and Dove fell by 5 percent compared to the previous year to 51 billion euros, as the Dutch-British company announced on ...

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Craft beer taps squeezed as shutdown delays new releases

16-Jan-2019

The nation's craft beer taps are being squeezed by the government shutdown, which has put new releases on hold, prevented new breweries from opening and stopped shipments of some suds across state lines. The partial shutdown halted operations at the federal agency that regulates alcohol ...

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Hurricane and raw material costs burden Symrise - but sales outlook raised

07-Nov-2018

Hurricane Florence and high raw material costs have depressed profits at Symrise, a manufacturer of flavors and fragrances. In addition, the MDax Group is currently investing a lot of money in expanding production. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell in ...

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