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Financial

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.

Danish Crown ‘under pressure’ as profits fall

Danish Crown’s profits declined in the first six months of the 2015-16 financial year due to an “extremely competitive” retail market. 

Bosch boosted by double-digit growth

Bosch Packaging Technology has hailed “remarkable” sales growth in a stagnant North American market, where trade increased by nearly a fifth in full-year results for 2015.

MHP exports rise despite ‘low’ poultry prices

Chicken meat exports climbed at MHP in the first quarter of 2016, despite the Ukraine-based agro-industrial grain and poultry producer reporting plummeting pre-tax profits during the period.

JBS announces restructure plans

Brazilian beef processor JBS SA has announced a restructure of its business that would see the formation of new company JBS International. 

Rising demand helps Tyson grow income in second quarter

Tyson Foods has posted successful second-quarter results, citing product differentiation as the reason behind its growth. 

Admix extends reach with acquisition of In-Mix Flow

Mixing equipment manufacturer Admix has completed the takeover of its long-standing Danish partner In-Mix Flow for an undisclosed fee.

HKScan admits ‘unsatisfactory’ performance

Finnish meat processor HKScan has posted a drop in operating income for the first quarter of 2016 as price competition, coupled with a pork surplus in Scandinavia, caused a dip...

Atria sells pig farm in Estonia

Finnish meat processor Atria has sold a facility in need of modernisation to pork farmers in Estonia for an undisclosed fee.

BRF profits drop after ‘challenging’ period

Brazilian meat processor BRF has reported a slide in gross profits for the first quarter of 2016 as pressure on poultry prices and the cost of corn hurt its income.

Silverfleet Capital agrees to sell Kalle Group

Private equity firm Silverfleet Capital has agreed to the sale of casings supplier Kalle Group to a fund managed by Clayton, Dubilier & Rice (CD&R)

Pilgrim’s Pride reports pre-tax profit drop

Mexico’s second-largest poultry producer – US-owned Pilgrim’s Pride – has reported a fall in pre-tax profits for the first quarter of 2016 after a “challenging” winter.

Russian drama for Parma as ham sales fall

Full-year trading figures for Parma Ham show strong export growth for the dry-cured charcuterie favourite. But, predictably, sales in Russia have dropped as the Kremlin embargo heaped pressure on the...

BRF strengthens Oman operation with AFK stake

Brazil’s BRF, one of the world’s largest meat processors, has entered into negotiations with frozen food distributor Al Khan Foodstuff (AFK) to acquire full control of the Omani business....

Chinese beef firm blames falling prices for first-quarter loss

One of China’s most ambitious cattle breeders and genetics companies, Xinjiang Tianshan Animal Husbandry Bio-engineering Co, has blamed a fall in beef and mutton prices for what it predicts is...

APK-Invest profitability restored as Ukraine armed conflict subsides

Ukraine’s largest pork producer APK-Invest earned UAH65 million ($2.5m) of net profit in 2015, compared with UAH103 million ($4m) of net losses in 2014.

French government plan to fine meat firms criticised

French agriculture minister Stéphane Le Foll’s plan to boost transparency in the meat industry will not halt the decline in France’s agro-food sector, according to meat organisation Culture Viande. ...

News in brief

Scandi Standard becomes majority shareholder in Danish poultry firm

Sweden-based poultry processor Scandi Standard has bought a majority stake in Sødams Øko Fjerkræslagteri ApS – which loosely translates in English to Sodams Organic Poultry Slaughterhouse.

Bulgarian poultry processor invests €8m to modernise capacity

Bulgarian poultry processor Gradus has revealed it has invested more than BGN15 million (€8m) to expand and modernise its output capacity. 

News in brief

BRF in takeover of Globosuínos’ pork assets

Meat giant BRF has continued to flex its financial muscle in South America with the acquisition of Brazilian pork producer Globosuínos.

Danish Crown VP resigns after clashing with board members

Danish Crown’s vice president Flemming Enevoldsen, who heads up the company’s subsidiary Tulip, has resigned by mutual consent after a number of high-level strategic disagreements over the UK market....

Cargill revenue pulled down by falling beef exports

Cargill, one of the world’s largest agricultural traders, has reported its financial results for the third quarter and the first nine months up to 29 February 2016.

China pounces on Marfrig's Argentinian assets

Brazilian meat processing giant Marfrig has sold a raft of its Argentinian assets to the red meat Chinese business Black Bamboo Enterprises, a subsidiary of Foresun Group.

Atria nears €18m takeover of Lagerberg

Finland’s meat processor Atria has won the approval from the Swedish Competition and Consumer Authority to complete its pending acquisition of poultry firm Lagerberg.

Hilton Food Group buoyed by strong profits

Multinational meat packing business Hilton Food Group has reported strong profit growth for 2015, but analysts have questioned if the business can maintain results against the backdrop of Brexit.

Ireland’s ABP eyes Polish meat processor

Irish meat giant ABP Food Group has unveiled plans to acquire the assets of Polish beef processor Sklodowscy-Tykocin sp z o o.

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