Monday, October 25th, 2021

Category: Food

Moskow sees growth ahead for Mondelez

NEW YORK — While shares of Mondelez International, Inc. have trended lower over the past two months because of tightening profit margins, investors should heed positive trends at the Chicago-based snacks manufacturer, said Robert...

Shift to more profitable composition boosts Gruma USA income

MONTERREY, MEXICO — The retail channel within the US division of Gruma SAB de CV has proven to be “very resilient” in face of the coronavirus pandemic, leading to strong results in the third...

ADM unveils plans to sell ethanol facility

CHICAGO — BioUrja Group, a Houston-based owner and operator of multiple businesses in the energy and agricultural commodities sector, has reached an agreement to acquire an ethanol production complex in Peoria, Ill., from ADM....

Tyson breaks ground on Virginia poultry plant

RINGGOLD, VA. — Tyson Foods broke ground on a new poultry processing facility near Danville, Va., on Oct. 21. The company plans to invest $300 million in the project that will serve as production...

Is organic certification enough?

CHICAGO — Organic food and beverage sales in the United States soared in 2020, jumping 12.8% to a new high of $56.4 billion, according to the 2021 Organic Industry Survey from the Organic Trade...

Agropur to expand cheese, dairy production

APPLETON, WIS. — Agropur earlier this month announced plans to invest $168 million to build a new facility to accommodate increased production of cheese and dairy ingredients at its plant in Little Chute, Wis....

Tyson expanding Texas poultry plant

SEGUIN, TEXAS — Tyson Foods Inc. confirmed plans to expand its Seguin poultry processing plant as part of a $58 million investment in the facility. The project will add approximately 40,000 square feet to...

Tate & Lyle Technical Application Centre opens in Dubai

DUBAI, UNITED ARAB EMIRATES — Tate & Lyle PLC has opened a new $2 million Technical Application Centre in Dubai. The new center features advanced equipment and an optimized prototyping process to help customers...

Panera pursuing goal to become climate positive

ST. LOUIS — Panera Bread Co. on Oct. 20 said it plans to remove more carbon from the atmosphere than it emits by 2050, making it the first national fast casual restaurant company to...

Nestle raises sales growth outlook, plans for more pricing actions

VEVEY, SWITZERLAND — Organic sales growth and rising input costs should continue to impact financial results for Nestle SA through the rest of this fiscal year and into 2022 as well. Nestle executives, when...