Potato News

October 31, 2007

Japan's Mitsubishi launches takeover bid for KFC Japan

Japanese trading house Mitsubishi Corp. announced a tender offer Wednesday to boost its stake in Kentucky Fried Chicken Japan Ltd. in a deal worth up to 30.83 billion yen (US$267.72 million;¤185,38 million).Mitsubishi, which already owns 31 percent of ...
October 31, 2007

Wendy's Financing Package Could Lead To Lower Offers

Potential buyers for Wendy's International Inc. (WEN) have a Nov. 12 deadline to submit bids for the hamburger chain, but a shaky financing package assembled by Wendy's banks could throw a wrench in the auction and lead to lower offers. Wendy's lende...
October 31, 2007

Tate & Lyle reports weak H1 results

Tate &Lyle, a manufacturer of food and industrial ingredients, has reported a 19% fall in profit before tax to GBP120 million for the first six months of 2007, compared with GBP149 million for the same period in 2006.
October 31, 2007

Europe takes 'wait-and-see' stance on diacetyl flavouring

EU regulators and processors say they are examining the use of diacetyl for foods, following reports of hundreds of US workers falling ill from a deadly lung disease linked to the inhalation of the popcorn flavouring chemical."The experts of the ...
October 31, 2007

Popcorn Workers Lung Victims Granted Big Victory class action lawsuit

Popcorn Workers Lung victims involved in a class action lawsuit got some good news from a New York appeals court yesterday. The court ruled that if the former Missouri popcorn plant workers successfully prove their claims that diacetyl exposure cause...
October 31, 2007

Procter & Gamble Co posted a 14 percent increase in quarterly profit on Tuesday, helped by strong sales.

The company said profit was $3.08 billion, or 92 cents a share, in the first quarter compared with $2.70 billion, or 79 cents a share, a year earlier. P&G plans to push further into health and beauty products, which generate higher margins than th...
CEOforum interviews Steve Yung, Managing director of McCain Foods Australia
October 31, 2007

CEOforum interviews Steve Yung, Managing director of McCain Foods Australia

The western Victorian regional city of Ballarat (population: 88,000) would not be the first city that would spring to mind when considering likely locations for the Australian headquarters of a global company.
October 30, 2007

CDC: US Obesity levels have not risen last year

Obesity rates did not rise last year for the first time in 25 years, a study has said, but are still too high and will continue to dominate public health agenda. The findings for the Centers for Disease Control and Prevention (CDC) show that while 34 p...
October 30, 2007

Procter and Gamble 1Q up 14%

Procter &Gamble's (PG) first-quarter profit rose 14%, but the consumer-products giant said it is seeing some slowdown in the U.S. market as consumers pull back amid high energy costs and the housing downturn.   Sales for Procter's snacks, coffee an...
October 30, 2007

UK moves one step closer to ban on trans fats

The UK government has taken a significant step towards the possible banning of trans fatty acids by asking the Food Standards Agency (FSA) for its urgent advice.board meeting was held yesterday to seek the views of members of the food industry, consume...
October 29, 2007

Frito-Lay's officially opens Sun chips expansion in Topeca

With the snip of a pair of scissors, Frito-Lay's Topeka facility officially expands. The 40,000-square-foot addition houses the company's new SunChips production line. Regional Vice President Mark Brinker is excited about the opening. "It's a sig...
Logo of The Potato Company
October 29, 2007

TPC exporteert ruim 15.000 ton consumptieaardappelen naar Algerije

Woensdagmiddag 24 oktober is de vijfde koelboot met 3600 ton consumptieaardappelen vertrokken van Vlissingen naar Mostaganem in Algerije.

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