Chaos hits canned infant formula market in Australia

Increasing competition in the booming export market for canned infant formula products to China have impacted leading Australia-based manufacturer Bellamy, with the axing of its chief executive and a boardroom battle continuing as its share value has crashed.The issue in 2017 of raw material supply has emerged as a huge and uncertain factor, with other players such as Bega...

Industry seeks to reap where BioHub project sowed

A nine-year research project looking into the development of plant-based performance plastics has reached its conclusion, with a number of new chemicals being produced using renewable agricultural materials - such as cereals - which are sustainable substitutes for fossil-based chemicals.The BioHub programme was undertaken by international French biorefining group, Roquette, and subsidied by BPI France, the French agency for...

More US cities vote for taxes on sugary soft drinks

Fears have heightened in the North American soft drinks industry that taxes on sugary drinks could be imposed at state or even federal level after four more US cities voted for their local implementation.Voters in California and Colorado agreed to have the excise taxes of either 1 cent or 2 cents per ounce added to the price of sugar-sweetened...

Red Gold in label commitment

US tomato producer Red Gold has moved to non-BPA/BPS-lined cans, with 90 of the company's 93 canned products under its four brand labels now also non-GMO project verified.While completing the verification for its products, Red Gold also redesigned its labels, unveiling an easier-to-read and clearer format.Owner Colt Reichart said: "No other canned tomato brand out there has this level...

Debrosse appointed as Bonduelle’s chief executive

French vegetable canner Bonduelle has appointed Guillaume Debrosse as its new chief executive as part of a revamping of its corporate governance structure.Former chief executive Christophe Bonduelle will remain as non-executive chairman of the company when the changes take place in July.Debrosse has been managing director of the business unit of Bonduelle EurAsia Markets since 2014, based in Moscow.The...

Profits jump 16 per cent at PepsiCo as Indra Nooyi signs off

Beverage and snacks giant PepsiCo exceeded expectations with its third-quarter results as its global sales grew by 2.5 per cent to US$16.5 billion, compared with the same period in 2017 and 3Q net profit jumped 16 per cent year-on-year to $2.5bn. The results were the last for chief executive Indra Nooyi before she handed over the reins to company president...

Nestlé opens new R&D centre in China

Nestlé plans to accelerate trend-based innovation in China following the inauguration of a new research and development centre in Beijing and a system technology hub in Shenzhen.The R&D facility will focus on the creation of new food and beverage products - primarily for Chinese consumers but also for those elsewhere in Asia. Situated in close proximity to Nestlé’s Chinese...

Camden Town Brewery to move into £30m facility in July

Camden Town Brewery, the UK craft brewer acquired two years ago by Anheuser-Busch InBev, is planning to open its new £30 million production plant in July.The producer of canned Camden Hells beer has taken over the riverside building at Enfield and is equipping it with higher-capacity canning and bottling lines than its original Kentish Town facility housed under railway...

Soda tax in Philadelphia has hit sales, say retailers

Income from the controversial ‘soda tax’ launched in Philadelphia from the beginning of January was more than double than was expected.Philadelphia Mayor Jim Kenney announced yesterday that the tax on sugar-sweetened and diet drinks raised US$5.7 million in its first month. The 1.5 cent per ounce tax, introduced to pay for pre-school and other community programmes, and amounting to...