Marel Food System’s sales for the third quarter 2007 totaled 66.1 million euros (US$98.0 million) compared with 57.6 million euros for the same period the year before. Sales have therefore increased by 15% over last year.
Profit from operations EBIT in the third quarter 2007 was 1.8 million euros, which is 2.7% of income compared with 1.7 million last year.
Says Hörður Arnarson , CEO: “Integrating the operations of Marel, Carnitech, Scanvægt and AEW/Delford under the name Marel Food Systems is progressing according to plan.”
“While significant results have been achieved in integrating the companies, there is still much work left in order to take advantage of the synergistic possibilities that the merged companies present. Synergistic effect is not yet impacting the company’s performance.”
(1 October 2008) The Coca-Cola Company says it plans to make cash offers to purchase China Huiyuan Juice Group Limited, a Hong Kong-listed company, which owns the Huiyuan juice business in China. ...
(1 October 2008) China Yurun Food has reported its interim results for the six months ending 30 June 2008. During the period, Yurun's turnover amounted to HK$6,043 million ($775 million) compared ...
(1 October 2008) Emerson Process Management has opened its Southeast Asia Service Centre in Singapore early last month to offer instrumentation and control services such as repairs, diagnostics te...
(1 October 2008) Pilpel Fine Foods Yehiel Kaplan says the company’s range of soups contains fresh vegetables that are not frozen, dehydrated and powdered. The increase in the number of working mot...
(1 October 2008) Hong Kong's Guide A-Way International Food says its new automated salmon processing line that exceeds the international safety and hygiene standards. The proof? It became the offi...
(1 October 2008) From November 27 to 28, Munich International Trade Fairs will be holding its second ''drink technology India'' conference in Mumbai. The conference is supported by the German Food...
(1 October 2008) GE Fanuc Intelligent Platforms has launched the new VersaMax Micro Thermocouple (Type K, J, E, S, T, B or N)/Millivolt (-/+ 50mV or 100mV) Expansion module that could be used in a...
(1 October 2008) While the industry has responded to current demand with healthy products containing less fat and salt, manufacturers are also creating products with perceived positive nutritional...
In response to consumer research and the global trend for convenience, South Africa's Pick n Pay has opened its first small format convenience store in Fairland, Johannesburg.
Marks & Spencer has opened its first store in mainland China with hopes that it might lift flagging results. As the flagship store opened on West Nanjing Road, Shanghai’s premier shopping street, the UK retailer reported its worst performance for three years with like-for-like UK sales down by over six per cent over the last three months.
Sorin Minea, chairman of the Romanian Federation of Food Industry Business Owners (Romalimenta) says the food industry is currently overdeveloped in Romania and explains that the weight of current expenses...
US grocers including Whole Foods Market, Kroger and Stop & Shop have had to hire third party verifiers to root out produce that contains pesticide residue despite organic seals. Some supposedly organic producers are certifying conventionally-grown produce in order to increase the price.
Tesco, Britain's biggest retailer, has shown it operates best in tough markets, racking up a 10.3 per cent increase in profit of €1,824 billion for the first six months of 2008 to 23 August. Total sales rose 13.8 per cent to €32.1 billion.
Metro is currently a patchwork of conventional grocery stores under the banners A&P, Dominion, Loeb, The Barn, Ultra and Food Basics. What the third-largest grocer in Canada is planning to do is change banners in order to shed stale concepts and mixed consumer impressions.
