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BRIEF – China’s COFCO Tunhe to swing to profit in 2013 on assets disposal, sugar business
COFCO TunHe, a subsidiary of the COFCO Group and one of the major Chinese processing tomatoes operators, announced a return to profit on disposal of assets and sugar business profitable. The expected 2013 net profit is at 60-110 million yuan ($9.9-$18.2 million) versus net loss of 736.6 million yuan previous year. Source: Reuters, Jan 28,
Antonino Russo passed away
As an entrepreneur, he was at the head of an industrial empire in the food sector, boasting an annual turnover of USD 300 million. Two years ago, he sold 51% of his AR factories to the Japanese group Mitsubishi. Born 84 years ago in Sant’ Antonio Abate, into a family dedicated to the wine and
Heinz proposes compensation terms to Ontario tomato growers
More than 40 growers were left in the lurch when the food processor announced it would close its Leamington plant Heinz is willing to pay up to $1.8 million to compensate the 43 Ontario tomato growers it left in the lurch after announcing plans to close the company’s Leamington processing plant. So far, more than
North Italy: fresh tomato prices!
North Italy agrees to pay 92 € / per MT. for fresh tomato ex-field with a brix of 5, up 6 € from 2013 ! You should login or purchase a subscription to view this content Username or E-mail Password Remember Me Forgot Password
The Ridiculously Resilient Ridge continues into 2014; California drought intensifies
Recent Weather Summary Extraordinarily dry conditions have persisted over the entire state of California since early December. In fact, nearly the only measurable precipitation that fell during the past 30-40 days occurred on 11th January 2014, when a rapidly decaying cold front brought light to locally moderate rainfall (and snowfall in the high Sierra) to
New processing season to start mid-January in Cuba
All is following according to the plan, as tomato factories are getting ready to start the new crop. In central Cuba: Unidad de Conservas y Vegetales in Camaguey, a conglomerate of processing companies scheduled their first processing in mid-January. The second plant of Unidad in Camalote – located ̴ 100km east from Camaguey – is
GreenStar Agricultural closing a new acquisition and entering into a new negotiation…
TORONTO, ONTARIO–(Marketwired – Dec. 16, 2013) – GreenStar Agricultural Corporation (TSX VENTURE:GRE) (« GreenStar » or the « Corporation »), a producer of canned tomato paste (…), today announced that after satisfactory completion of its due diligence it will close the previously announced acquisition of Beichen Tomato Products Company of Bayannur City, Inner Mongolia on January 1, 2014. The
Chinese exports dropping to record low !
Chinese exports of industrial tomato paste reached only 81 000 MT. over the last trimester (Aug. to Oct. 2013), its lowest level in more than 4 years ! This is 45 % lower than during the same period a year ago ! September’s figure was extremely low at 17 260 MT. of paste and it
Rodolfi Mansueto acquires Von Felten
Press Release, Ozzano Taro, November 29th, 2013 With this transaction, the Group is strengthened, becoming a leader in Italy in the production of tomato powder and of dried. In addition the group also diversifies its business – Von Felten also operates in the processing of fresh vegetables – and strengthens its orientation for the export.
A new structure and new governance for Ipack-Ima Spa. Centrexpo to own 100% of shares
The Gregotti family was bought out of the remaining shares. Centrexpo spa has acquired 100% of Ipack-Ima spa shares. This operation is designed to strengthen the Group, Italy’s premier exhibition organizer and one of the most important worldwide in the industries of processing, packaging, printing and converting. Centrexpo has acquired the remaining part of the
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