Money makes the world go round and the meat industry is no different. Deals are always being brokered and currency fluctuations are a key issue for any global meat trader.
Brazilian-owned US poultry giant Pilgrim’s Pride has entered into a definitive agreement to take over branded chicken producer GNP Company (GNP) in an all-cash $350m deal.
Meat and Livestock Australia’s (MLA) plan to use AU$150m from its members to install X-ray carcase grading technology is facing pressure from the Australian Beef Association (ABA).
African meat giant Zambeef has increased operating profit for the second year in a row, reporting a strong rise in trading figures to 30 September 2016.
Demand from Asia sustained Danish Crown’s sales in the face of greater challenges in its UK market in the past year, according to chief executive Jais Valeur.
Romanian meat processor Meda Prod 98 has completed an investment estimated to be worth some €3m to launch a new facility in the country’s capital Bucharest.
Ukraine’s grain and poultry giant MHP has reported a net loss of $8m for the third quarter of 2016 after a profit of $24m in the previous quarter.
Brazilian meatpacker JBS has posted a 74% drop in third-quarter profits after the “most challenging period” in South America.
Thai poultry producer Charoen Pokphand Foods’ (CP Foods) operational profit in the third quarter of 2016 reached Baht122.5 billion, an increase of 10% while net profit jumped up 45% to...
Beef and pork are among the EU products that will receive additional funds in 2017 for promotional activity.
Thai conglomerate Charoen Pokphand’s (CP) Chinese business is investing CNY3.6 billion ($531m) in a site intended to process one million pigs annually in one of the country’s less populated regions. ...
China will continue to import huge quantities of pork despite its stagnant economic growth, analysts at the World Meat Congress stressed.
Danish Crown aims to become market leader in northern Europe as part of a strategy it has just launched dubbed ‘4WD’.
Romanian poultry meat processor Aaylex has completed a number of investments estimated to be worth more than €16m with the aim of expanding the capacities of its breeding facilities and...
Meat processor Danish Crown has announced a new strategy which includes increasing the amount it pays farmers for pigs by DKK 0.60 above the EU index price.
Finnish meat processor HKScan has reported a rise in third-quarter pre-tax profits to €8.1m, but sales during the same period were down.
Romanian meat processor Caroli Foods Group will invest €6 million to upgrade production, logistics and IT capacities of its plant in Piteşti, according to senior company representatives.
US meat processor Smithfield Foods saw a strong third quarter of 2016, with a $60 million (m) year-on-year jump in net income.
US poultry processor Pilgrim’s Pride has posted a 3.8% loss in net sales for the third quarter of the year.
A consortium featuring four of Australia’s largest cattle families have put forward an AU$386m bid for the Kidman estate.
Finnish meat processor HKScan has warned investors it has lowered its full-year profit forecast after previously expecting an upswing in revenue.
Croatian food conglomerate Žito Group is planning to build three new meat processing facilities and a packaging plant in the north east of the country.
Brazilian meatpacker BRF SA – one of the country’s largest food processors – has agreed to invest $20m in China’s pork company Cofco Meat Holdings and form a strategic partnership.
Milan-based investor M&C has acquired all the shares in the German plastic film manufacturer Treofan Holdings for €45m.
Danish pig breeder Premium Porc will invest €35 million to expand two Romanian pig farms, located in Brăila and Sibiu, and increase slaughter capacity.
US meatpacker Tyson Foods has bought a 5% stake in plant-based meat vendor Beyond Meat, a start-up trying to make lab-grown beef burgers, for an undisclosed sum.