BASF's fine chemicals division has reported a modest increase in
sales for Q3, but EBIT was impacted by the implementation of
measures aimed at reducing costs in the longer term.
Germany chemicals group BASF is implementing a new measure to
combat price pressure on its vitamin businesses in the long-term,
by combining its human and animal nutrition resources under the
banner of a new nutrition unit within...
BASF has confirmed that it is increasing prices of its vitamin B2
for food products, three days after it announced similar measures
for the same vitamin intended for animal feed.
BASF has announced that it is increasing worldwide prices for
vitamin B2 for animal feed due to increased production and
marketing costs - and an increase for the food grade is likely to
follow.
Companies involved in a 1990s global vitamin cartel have reached a
A$30.5m (€18.2m) settlement with plaintiffs in a class action suit
to brought by individuals and companies who claimed to have
suffered losses as a result of price-fixing.
Californian nutraceutical developer Metagenics is firming up its
presence in Europe with the acquisition of Biodynamics, which
helped it make its first inroads into the Benelux countries as a
distributor to health care professionals.
The world's largest ingredients firm Cargill has agreed to discuss
its soy production facilities in Brazil's Amazon basin with
Greenpeace, after a co-ordinated activist attack caused mayhem at
three Cargill International...
BASF's fine chemicals division is bolstered by higher sales volume
of aroma chemicals and vitamins A and E for animal nutrition, but
the pressure over vitamin C and lysine has not abated, dragging
down the division's profitability.
DSM Nutrition has reported five per cent growth in both sales and
operating profits in Q1 2005 - a result that sits well with an
excellent picture for the group overall and could point towards
another positive year.
The European inventors of a process for deriving higher yields of
DHA (docosahexaenoic acid) from microalgae have licensed the patent
to Advanced BioNutrition - a deal that could ultimately impact the
human nutrition market for DHA.
CreAgri's olive-derived Hidrox hydroxytyrosol formulation receives
a distribution boost with the signing of a new agreement with DSM
Nutritional Products.
At this weekend's Supply Expo, Embria began speaking for the first
time about its new immunity supplement, EpiCor - a high-metabolite
immunogen born out of decades of experience and observation in the
animal nutrition field,...
Swiss chemicals group Lonza has reported a 38.8 percent increase in
operating income in 2005, but margins for its nutritional products
have been eroded by high costs.
World number two vitamin maker BASF said today it will shut down
its vitamin C plant in Denmark by the year-end, bringing to a halt
all of its production of the vitamin.
Plummeting prices for the animal feed ingredient lysine and the
costs of restructuring pressurized vitamin C production virtually
eliminated profits at BASF's fine chemicals division this year,
reports Dominique Patton.
Swiss fine chemicals group Lonza said yesterday that it saw strong
demand for its nutrition products during the first half but high
raw material and energy costs continued to erode margins, writes
Dominique Patton.
With the upcoming EU ban on the use of antibiotic growth promoters
in animal feed, companies such as Medipharm and Chr. Hansen are
rushing to provide farmers with natural alternatives.
The number two vitamin maker BASF yesterday reported strong
earnings increases across the board although vitamin prices
continue to eat into profits at its fine chemicals unit, reports
Dominique Patton.
US agri-food firm Cargill will consolidate its position in raw
materials - the building blocks for a range of common ingredients
also supplied by the company - with the acquisition of Italian firm
Pagnan.
UK food producer Cranswick has blamed its stuttering sandwich
business and high costs for a drop in first half profits, but says
it is quietly confident of further growth after securing an
exclusive deal to import specialist meat...
DSM Nutritional Products has lifted its vitamin E capacity to
25,000 tons - the world's largest - at a new plant that is being
hailed for its production efficiencies, reports Dominique
Patton.
Premium Nutrients, a Malaysian producer of oils and fats, is
looking to step up its investment in the EU over the next three to
four years, with a resulting 10 per cent increase in turnover to
around RM56 million in 2005.
The sale of Raisio's chemicals business has had a major benefit on
the firm's first half profits but new functional food launches and
sales of the Finnish company's cholesterol-lowering ingredient also
lifted earnings...
Dutch feed manufacturing firm De Heus-Brokking-Koudijs recently
installed two new high-tech roller mills at its Ravenstein plant
with the aim of producing poultry feed more efficiently. To carry
out the project, engineering firm Buhler...
Equipment giant Buhler has supplied two vertical hammer mills to an
Australian feed mill with the aim of achieving higher capacity. The
challenge of the project was that the installation required
virtually no building modifications.
Raisio Nutrition, the health food division of Finland's Raisio
Group, ended the first quarter with a drop in sales compared to the
previous year. But the company remained confident that its decision
to focus on its nutrition...
DSM Food Specialties is to double the volume of arachidonic acid
(ARA) produced for its US partner Martek Biosciences to meet
rapidly growing demand, the Dutch firm said this week, writes
Dominique Patton.
French natural ingredients firm Diana-Ingredients will shift from
one equity investor to another with confirmation yesterday that its
owner, a BNP Paribas holding company managed by PAI Partners, will
spin the company off to London-based...
Nutritional ingredients producer DSM is to launch an improved
version of its Lafti probiotics in the USA, which are said to offer
superior survival through the GI tract, writes Wai Lang Chu.
Russian agribusiness group Aston says it has acquired a controlling
stake in the Millerovo oil extraction plant in the Rostov region,
which, after modernisation, will be used to increase the company's
foothold in the edible oils...
Norwegian CLA company Natural has reported its biggest profits
since first listing five years ago, thanks to initial payments from
a major licensing deal last year, which significantly boosted first
half revenue and reduced operating...
The firm that introduced CLA to the functional foods industry is
going back to its roots to concentrate on further developing
technology for health-promoting lipids.
Finland's Raisio group is preparing to build a new strategy around
health foods, it revealed yesterday, using capital from the planned
sale of its chemicals unit to fund growth in its ingredients
business.
Balchem Encapsulates, a business segment of Balchem Corporation,
has released a feed stable version of Reashure Choline that can be
used for transition and lactating cow management.
Burgeoning private agribusiness Cargill saw net earnings slip in
the first quarter of 2004, but performance remained on track
topping last year's figures by a wisp.
Burgeoning private agribusiness Cargill saw net earnings slip in
the first quarter of 2004, but performance remained on track
topping last year's figures by a wisp.
Balchem has revised its outlook for the third quarter, following
continued softness in the encapsulated and nutritional products
segment, said the firm yesterday.
Germany's third largest chemical company Degussa is to invest a massive €350 million in a new amino acid plant, representing the merged company's biggest single investment to date.
Germany's third largest chemical company Degussa is to invest a
massive €350 million in a new amino acid plant, representing the
merged company's biggest single investment to date. Degussa - the
world's biggest producer...
Ending months of speculation Dutch life science products company
DSM announced today that is to pay CHF 3.5 billion (€2.4 billion)
for Roche's vitamins and fine chemicals division.
When Roche launched the sale of the division...
US company Reilly Industries is to buy Degussa's Belgium-based
vitamin B3 business for an undisclosed sum, giving the US firm the
world's largest capacity for food grade vitamin B3.
