California is, in its own words, "facing one of the most severe droughts on record" and food and beverage companies are under scrutiny. The...
A quiet week for financial updates as results season winds down, with Diamond Foods, Sainsbury's and Smithfield preparing to issue updates....
The choice of Delhaize's new CEO failed to cheer the market last week as investors reacted coolly to the news. The potential takeover of Smithfield Foods, the world's largest pork processor, has also not won over all shareholders, with one claiming to have received rival interest.
Investment is flowing into and from the world's emerging markets, as two transactions involving US firms Smithfield Foods and McCormick & Co. highlighted last week.
The surprise news that the board of US pork group Smithfield Foods has unanimously backed a takeover bid from Chinese group Shuanghui International highlights the ever-increasing importance of China on the global stage - both as a market for products and as an outward investor actively participating in M&A. However, with regulatory and political hurdles ahead, the transaction is far from a done deal. Katy Askew reports.
In this two-part Sustainability Watch, Ben Cooper looks at the lending activities of the International Finance Corporation (IFC), the division of the World Bank that lends to private corporations, which is rapidly expanding its activities in the agribusiness sector.
Smithfield Foods, the US meat group, has set out a new tranche of goals on sustainability, building on targets it laid out in 2010. Ben Cooper spoke with Stewart Leeth, vice president of regulatory affairs and sustainability, about the company's progress over the past five years and the launch of the new targets.
Being responsible for championing the sustainability strategy of one of the largest meat processors in the world may appear to many an unenviable task. But Dennis Treacy, recently named senior vice president of corporate affairs and chief sustainability officer at Smithfield Foods, relishes the challenge and believes the company has a good story to tell. He spoke with Ben Cooper about his appointment, the company’s achievements to date and future goals.
US meat group Smithfield Foods has unveiled a "far-reaching goal" to reduce greenhouse gas emissions by 25% across its entire supply chain, "from feed grain to packaged bacon", by 2025.
US meat group Smithfield Foods is to acquire Hormel Foods' Clougherty Packing, the parent company of Farmer John and Saag's Specialty Meats, as well as two processing facilities and three farms.
Institutional investors in the US are calling on some of the nation's biggest producers of turkey and other meats to do more to tackle the "significant water pollution risks" associated with feeding, slaughtering and processing livestock.
Smithfield Foods is introducing seven new products in the US aimed at encouraging consumers "to explore the latest in cooking trends and flavour innovation".
WH Group, the China-based meat processor and owner of US business Smithfield Foods, saw sales and profits rise in the first half of its financial year, with earnings from its fresh pork arm rising rapidly.
Smithfield Foods said that it has made "significant progress" on its animal welfare goal, established in 2007, to move all pregnant sows to group housing.
Smithfield Foods has announced CEO Larry Pope is to retire from the US pork processor at the end of the year.
Smithfield Foods is expanding the dry sausage manufacturing capacity at its Wisconsin production plant to ramp up production of pepperoni and salami products.
Meat group Smithfield Foods today (20 August) announced that Kenneth Sullivan, currently EVP and chief financial officer, has been named president and chief operating officer. Glenn Nunziata will succeed him as CFO.
Russia this week said it would extend its restrictions on food imports to four more countries. In India, the ban on Nestle's Maggi noodles was overturned - although the products will have to be tested again. In the US, Kraft Heinz Co. announced plans to cut 2,500 jobs, while co-investor Warren Buffett cooled talk over a bid - in the short term at least - for Mondelez International. And in Europe, Nomad Foods struck a deal to buy Findus Group's operations in seven markets.
Smithfield Foods has extended a number of sustainability targets to build on previous objectives set in 2010 in areas such as animal care and environmental impact.
Smithfield Foods has announced the construction of a new pork sausage plant in Sampson County, North Carolina.
US ice cream maker Blue Bell Creameries this week expanded its product recall as it reacts to a listeria outbreak linked to three deaths. In Europe, Dutch horsemeat trader Willy Selten was sentenced to a jail term. And China has filed a dispute at the WTO over the EU's tariffs on poultry products.
Smithfield Foods is investing US$9m to expand production of its Curly's brand, which includes pre-cooked BBQ products such as pulled pork, beef and chicken.
Smithfield Foods has started building a bacon slicing plant in Wisconsin as part of the US meat group's plans to grow its packaged meats business.
US pork processor Smithfield Foods has reported a jump in annual profits, as sales growth across all of its divisions offset higher raw material costs.
Romania has secured for the first time the green light from China to ship frozen pork imports to the country.
Smithfield Foods has announced a restructuring of its organisation, a move that will see the US-based meats group managed across four divisions.
US pork processor Smithfield Foods has launched a "premium" range of products it hopes will meet consumer demand for "higher quality" options.
Smithfield Foods, the US pork producer owned by China's WH Group, reported a leap in third-quarter earnings on higher meat prices and increased packaged sales.
US food maker Smithfield Foods has teamed up with French's mustard owner Reckitt Benckiser to launch a range of chilled hot dogs in the UK.
Chinese pork processor WH Group booked a surge in earnings in its first set of interim results as a listed company, boosted by last year's acquisition of US pork giant Smithfield Foods.
Western Australia is strengthening its ties to China via the food industry.
A second firm of advisors to investors has said shareholders in Smithfield Foods, the world's largest pork processor, should accept the $7.1bn takeover bid from China's Shuanghui International.
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