Business News Mar 12,2010
DARÉGAL, in partnership with local farmers, aims to grow more than 500 hectares of aromatic herbs, with the main focus being on basil and Mediterranean herbs such thyme and rosemary etc.
It represents a first but significant step in the execution of our strategy aimed at selling non-core assets to pay down debt and refocus on our core businesses of stabilized rice bran, defatted rice bran, rice bran oil and nutraceutical.
This new office reflects Kalsec’s commitment to support customers locally and deliver spice & herb extracts, natural colours and natural antioxidants to food and beverage manufacturers in China.
The Company’s 2009 gross profit results, in comparison to 2008, primarily reflect decreased fish oil sales pricing of 35% in 2009 partially due to a substantial reduction in demand from the Chilean aquaculture industry.
The proposed tender price of EUR 35.73 equals the volume weighted average price (VWAP) of the last 6 months and represents a premium of EUR 1.73 above the last tender price of EUR 34 offered in 2009.
Business News Mar 11,2010
In the first phase, the new plant, which will operate under the joint-venture Sedalcol UK, will focus its production on high quality grain alcohols destined to the UK market, and sold under the Sedalcol brand.
In addition to measures affecting production, procurement, and sales & marketing, this also includes the phased downsizing of the workforce across the Group by around 300 by 2014/2015.
Justin King, chief executive of Sainsbury's and president of the IGD will use his speech at the IGD Food & Grocery Industry Skills & Employment Summit to announce the creation of the UK's first supermarket bakery college.