Grupo Bimbo reported results for the first quarter ended March 31, 2012. For the first time, the Company is reporting its results under International Financial Reporting Standards. Figures for prior corresponding periods have been adjusted accordingly. The principal effects on the profit and loss statement are: i) employee profit sharing (PTU for its Spanish acronym) registered above the operating line; ii) higher depreciation costs reflecting updated asset valuations; and iii) different accounting treatment for employee benefits.
The largest UK confectionery manufacturer has saved 40% on production costs. UPM Conveyors supplied a system for transferring toffees from the wrapping line to the multi head weigher, which also reduced the toffee temperature from 80oc to 20oc prior to being bagged.
A method for the analysis of flavanols in cocoa has been developed by researchers from Mars. The method identifies and quantifies the distinct stereochemical forms of flavanols found in cocoa and chocolate products. Foods rich in flavanols are increasingly recognised for their ability to exert positive effects on the cardiovascular system, but investigations have shown that the distinct chemical structure (stereochemistry) of a flavanol influences its absorption, metabolism, and consequently its ability to exert beneficial effects. This validated method could therefore have important implications for future investigations.
DuPont – announced that the company has acquired from Bunge Limited full ownership of the Solae LLC joint venture, a soy-based ingredients leader. DuPont previously owned 72 percent of the joint venture while Bunge owned the remaining 28 percent.
The food science sector is predicted to grow by 16% through 2018, and ensuring there are enough qualified food scientists is important for the health and well-being of the population. And it all begins with providing high-school science teachers more tools and know-how for teaching the often misunderstood career of “food science.”
Bright Food (Group) Co., Ltd., Shanghai, China, one of China’s largest food groups, agreed to acquire a 60% stake in The Weetabix Food Co., Kettering, UK, for approximately £1.2 billion (US$1.9 billion), including company shares and debt. The remaining 40% of the shares will continue to be held by London-based private equity firm Lion Capital and the Weetabix management. The transaction is expected to be finalized in the second half of 2012.
Paul Hetherington has been with the Baking Association of Canada for nearly 20 years and he has never seen people so turned off by bread