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Food Processing

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Russia's Rusagro Q3 sugar business revenue down 24 pct y/y

Friday, 20 Oct 2017

Oct 20 (Reuters) - Russian farming conglomerate Ros Agro Plc (Rusagro) says::Q3 revenue of sugar division down 24 percent year-on-year at 6.4 billion roubles ($111.2 million); .Q3 revenue of meat division up 11 pct y/y at 5.2 billion roubles;.Q3 revenue of oil and fat business up 58 pct y/y at 4.6 billion roubles;.Q3 revenue of agriculture business down 16 percent at 3.1 billion roubles. .

Shanghai Bairun Investment Holding Group expects to return profitable in FY 2017

Friday, 20 Oct 2017

Oct 20 (Reuters) - Shanghai Bairun Investment Holding Group Co Ltd <002568.SZ>:Sees net profit for FY 2017 to be 150 million yuan to 250 million yuan.Says the net loss of FY 2016 was 147 million yuan.Comments that increased cocktail business income as main reason for the forecast .

Danone gaining market share in Chinese infant formula market - CFO

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Danone Finance Head Cecile Cabanis tells analysts during a call::Danone expects to deliver synergies from WhiteWave acquisition faster than expected this year.Consumer demand remains subdued in Europe, Brexit also creates uncertainty.Danone has completed the registration of all its infant milk formula products in China.Danone expects Q4 to be a strong quarter for early life nutrition business.Danone expects water business to remain solid for the full year.Danone says expects essential dairy and plant based (EDP) business in Noram to return to positive territory in Q4.Danone says expects international EDP sales to improve in Q4 versus Q3 but to remain negative.SAYSsays early life nutrition market growing strongly in China and Danone is gaining market share.Danone says turning around Brazil dairy business will take time, no turnaround expected before the course of 2018.

Bellamy's Australia ‍continues to expect 1H18 revenue to be higher than 2H18 revenue​

Wednesday, 11 Oct 2017

Oct 12 (Reuters) - Bellamy's Australia Ltd ::‍Continues to expect 1H18 revenue to be higher than 2h18 revenue​.‍Upgrading its FY18 guidance for its core business to a target of 15-20% revenue growth and 17-20% EBITDA margin​.‍Guidance excludes company's Camperdown business.‍There are still challenges to navigate (including CFDA registration) as it implements its turnaround plan​.

Multi-Trex expects to restart business operations in last quarter of 2017

Friday, 15 Sep 2017

Sept 15 (Reuters) - MULTI-TREX INTEGRATED FOODS PLC ::CO, ASSET MANAGEMENT CORP OF NIGERIA REACHED CLOSING PHASE IN RESOLVING DIFFERENCES THAT LED TO TEMPORARY CLOSURE OF CO'S BUSINESS OPERATIONS."QUITE OPTIMISTIC" THAT REGULATORY APPROVALS WOULD BE OBTAINED, BUSINESS OPERATIONS WOULD RECOMMENCE IN LAST QUARTER OF 2017‍​.

Cofco Tunhe Sugar to dissolve three agriculture subsidiaries

Monday, 24 Jul 2017

July 24 (Reuters) - Cofco Tunhe Sugar Co Ltd <600737.SS> ::* Says it plans to liquidate and dissolve two high-tech agriculture development units and tomato product unit .

McCormick to acquire Reckitt Benckiser's food division for $4.2 bln

Wednesday, 19 Jul 2017

July 18 (Reuters) - Mccormick & Company Inc :McCormick to acquire Reckitt Benckiser's food division.Agreed to acquire Reckitt Benckiser's food division from Reckitt Benckiser Group Plc for $4.2 billion.McCormick & Company Inc - combined pro forma 2017 annual net sales are expected to be approximately $5 billion with significant margin accretion.McCormick & Company Inc - will integrate RB Foods into its consumer and industrial segments and will retain brand names of French's, Frank's Redhot and Cattlemen's(®).McCormick expects to achieve cost synergies of approximately $50 million.McCormick - McCormick has obtained committed bridge financing; expects to permanently finance transaction through combination of debt and equity.

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