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Meat processor aims for Latin growth

Leading Chilean meat processor La Preferida has announced plans to increase its current market by expanding into neighbouring countries in Latin America.

Pouttu Foods entirely to HK Ruokatalo's ownership

Finnish meat processing firm HK Ruokatalo announced yesterday that it has acquired the remaining 10 per cent stake in the Outokumpu-based procurement and slaughtering company Pouttu Foods.

EU warn of pigmeat price rise

The EU's Pigmeat Management Committee have released tighter price revisions for the second half following the lower availability of slaughter pigs and reduced productivity caused by the heatwave.

PDO focus adds value to Cremonini

Italian meat processor Cremonini is keen to increase production of typically Italian cured meats that benefit from PDO or PGI status offering greater added value to the company.

Canterbury tales

A depressed market and an urgent need to restructure have been reflected in relatively poor interim results for UK meat processing firm Canterbury Foods.

Maple Leaf Foods gets Schneider

Smithfield Foods has announced an agreement to sell Schneider Corporation, to Maple Leaf Foods for nine times Schneider's earnings before interest, taxes, depreciation and amortisation in fiscal 2003.

Tyson beefs up shares

US-based Tyson Foods, the world's largest processor of beef, chicken and pork, believes that the the firm's earnings for the fourth quarter will substantially exceed the estimates in the market.

Ravioli expands

Russian food processor Ravioli has opened a new production facility to produce finished frozen meat and poultry under its Polnostyu Gotovy Product (Totally Ready Product) trade mark.

Glaze of glory

The Manchester Rusk Company is now operating from new purpose-built premises in Manchester, UK.

Cremonini on road to recovery

Meat packer and foodservice supplier Cremonini has posted solid first half results helped by an increased stake in its Marr subsidiary and its ongoing efforts to reduce its debts and...

Surebeam streamlines

Food safety giant SureBeam has announced that it will close its Vernon, California processing service centre in an effort to consolidate its processing services business.

Northern chief sacked after profit warning

Northern Foods has warned that pre-tax profits for the first half of 2003 are likely to be lower than expected. Coming as the third profit warning in 18 months it...

Meat exit costs glanbia

Exceptional charges and the loss of business related to the exit from the prepared meat market took their toll on Irish food group Glanbia in the first half.

Dumeco profits down

Dutch meat processor Dumeco (Dutch United Meat Company) has reported a loss of €6.9 million in 2002. This compares unfavourably to figures posted a year...

Campofrio counts cost of changes

A one-off gain in 2002 relating to accounting changes has pushed down profits at Spanish meat group Campofrio in the first half of 2003. But disposals and exchange rate worries...

Smithfield results provide positive outlook

Smithfield Foods, one of the world's largest pork producers, has reported quarterly earnings nearly doubled from a year ago, helped by higher hog prices and strong beef results.

Cargill reports strong results

Strong results across a range of business units helped US agribusiness Cargill post a stable set of figures for the fourth quarter of 2003.

Smithfield makes acquisition

US giant Smithfield Foods is set to acquire a 90 per cent interest in Cumberland Gap.

Tyson makes further acquisition

US meat processing giant Tyson Foods is to acquire Mississippi-based processing company Choctaw Maid Farms.

Poor poultry profits hit Tyson

Plant closures, higher grain costs and the ongoing rationalisation of its business interests have resulted in a decline in quarterly earnings of 26 per cent for Tyson Foods.

Cranswick integrating well

Cranswick, the pig feed to prepared sandwiches group, had a tough first quarter, with turnover boosted mainly by inter-division sales.

Rhodia reacts to market conditions

Tough new legislation in Europe over genetically modified organisms (GMOs) has led to new openings in the marketplace.

Smithfield Foods buys pork assets

US pork processor Smithfield Foods has agreed to acquire the pork manufacturing and processing assets of bankrupt Farmland Industries for $363.5 million (€326m).

Investment pays off for Fleury Michon

Two new adverts for the group's delicatessen and packaged meat and ready meals units helped France's Fleury Michon to an 11 per cent increase in sales in the first half of 2003.

Atria begins Baltic expansion

Finnish group Atria is to become the first western company in the Lithuanian meat products market with the acquisition of a stake in local producer Saltuva.