The firm demand and pricing strength seen in most of DSM’s markets in the fourth quarter of 2007 has been sustained into 2008.
DSM’s strong market positions have enabled it to increase prices, particularly in the nutrition business which is benefiting both from DSM’s differentiation strategies as well as higher market prices in general.
Strong business trends were also seen across other parts of DSM, particularly in Performance Materials, Fibre Intermediates and Agro.
On top of this, profitability has benefited from a very good manufacturing and operational performance.
Based on the currently available information, DSM expects that the Q1 operating profit before exceptional items will be approximately 20% higher than in Q1 2007 (192 million euros of $30.27 million).
Barring unforeseen economic circumstances, for the full year 2008 DSM now expects the operating profit before exceptional items to most likely exceed the level achieved in 2007, despite the current significantly weaker US dollar and increased raw material prices.
(3 October 2008) Martek Biosciences Corporation says its life'sDHA is featured in the new Live Bright Brain Health Bar, the latest offering from Kellogg. Each bar contains 100 mg of life'sDHA and w...
(1 October 2008) Givaudan Flavours is launching its new ByNature program for the European market with a series of natural culinary profiles for meat flavours. The Givaudan ByNature culinary meat ra...
(1 October 2008) Royal DSM N.V. has inaugurated its new polymer plant in Jiangyin (Jiangsu province, China). The plant produces high viscosity grades of Akulon polyamide 6 (PA6) aimed at the fast ...
(1 October 2008) McNeil Nutritionals has launched Splenda No Calorie Sweetener with Fiber, a no-calorie sweetener for foods and beverages with one gram of fiber in each packet. The product answers ...
(1 October 2008) ‘Super grains’ might take flight, albeit gradually, in the region. White bread remains largely popular in the market, although unpolished rice is a staple food in some Asian regio...
(1 October 2008) Martek Biosciences Corp says revenues for the third quarter of the fiscal year 2008 were $88.4 million, up 14% from $77.8 million in the same period last year. Net income was $9.3...
(1 October 2008) GLG Life Tech and Weider Global Nutrition (WGN) say they have signed a definitive agreement to set up a venture, GLG Weider Sweet Naturals, to sell dietary and tabletop supplement...
(1 October 2008) A recent clinical study shows NAT’Life’s Powergrape is a natural ingredient that promotes efficacy in physical performance and cell oxygenation in humans. Powergrape maximizes phy...
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.
